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AI brief of an SEC Form 8-K · Adobe (ADBE)

Adobe approves 2026 performance share program and executive incentive plan for executives

Neutral Impact 3 of 5 shareholder Written later

Adobe's board committee approved a 2026 Performance Share Program for executives, tied 50% to relative stock return against NASDAQ-100 companies and 50% to Net New Sales growth over fiscal 2026-2028. The committee also approved a 2026 Executive Annual Incentive Plan and adopted a cash severance policy capping new severance at 2.99 times salary plus target bonus without stockholder ratification.

Key points

  • Performance Share Program covers calendar 2026-2028 relative TSR and fiscal 2026-2028 Net New Sales goals, with payouts from 0% to 200% of target
  • Chair and CEO Shantanu Narayen's target performance share award is 106,672 shares, with a maximum of 213,344 shares
  • Incentive Plan requires at least 95% of fiscal 2026 revenue and EPS targets; CEO target bonus is 200% of base salary
  • Cash Severance Policy limits new executive cash severance to 2.99 times base salary plus target annual bonus absent stockholder ratification

The filing

CompanyAdobe (ADBE)
Form8-K, current report
Filed with the SECJan 27, 2026, 5:04 PM ET
Accession number0000796343-26-000019

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 27, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.