DXC Technology approves special equity awards for CEO Fernandez and CFO Del Bene
On May 13, 2025, DXC's Board approved special one-time equity awards for CEO Raul Fernandez and CFO Robert Del Bene, with grants dated May 16, 2025. The awards are 85% performance-based restricted stock units tied to cumulative free cash flow, revenue, and relative total shareholder return over three years, and the company says they are meant to retain the executives for at least three more years. The filing also raises both executives' base salaries and bonus targets, which shareholders may weigh against the performance conditions.
Key points
- Target grant values: $44,850,000 for Fernandez and $20,640,000 for Del Bene, which the company says is three times Del Bene's fiscal 2026 long-term incentive target.
- PSU payouts range from 0% to 200% of target, based on cumulative free cash flow (80% weight) and revenue (20% weight), with a relative total shareholder return modifier of plus or minus 20%.
- Fernandez's base salary rises to $1,500,000 and his target bonus to 250% of salary; Del Bene's base salary rises to $800,000 and his target bonus to 135%, all effective April 1, 2025.
- Del Bene receives two years of retirement vesting credit, making him retirement eligible on June 15, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 May 14, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.