Nvidia 8-K
Leadership change
Nicholas Parker appointed to succeed Ajay K. Puri in worldwide field operations; Puri plans to retire and is expected to stay as a senior adviser.
Filed 2026-07-02 09:23 ET
- 5.02 Officer/director change
Summary
Executive leadership transition in worldwide field operations. Ajay K. Puri plans to retire when his successor starts and is expected to remain in a senior advisory role. NVIDIA appointed Nicholas Parker to succeed him, with employment anticipated to begin 8/24/2026.
Key Figures
- Parker compensation: $1.0M annual base salary, $5.0M sign-on bonus, and $1.5M target annualized cash variable compensation under the FY2027 plan, prorated for time worked in FY2027.
- Equity grants: $35M target-value restricted stock units vesting over approximately four years, and $5M target-value performance-based restricted stock units tied to NVIDIA’s total shareholder return vs the S&P 500 over three years.
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