Adobe 8-K

Summary

Executive retention and severance arrangement for Louise Pentland. Adobe’s compensation committee approved the protections on 7/14/2026; they apply to qualifying termination without Cause or resignation for Good Reason and sunset 12 months after the new CEO starts.

Key Figures

• Cash severance: 12 months of base salary plus 100% of target annual bonus for the fiscal year of termination; COBRA premiums covered for up to 12 months.
• If termination occurs before 7/15/2027, 50% of certain restricted stock units accelerate. If it occurs before 1/31/2027, other outstanding time-based equity awards accelerate through the portion that would have vested by 1/31/2027.
• Benefits require execution and non-revocation of a release of claims.