Broadcom Inc. Reports CEO Long-Term Incentive Award
Summary
Broadcom Inc.'s independent Board members granted President and CEO Hock E. Tan a Performance Share Unit (PSU) award, referred to as the "Tan PSU Award." This award aims to incentivize Mr. Tan to extend his leadership of the Company through fiscal 2030. The vesting of the PSUs is contingent on both the attainment of challenging revenue targets during a three-year performance period from the start of fiscal 2028 through the end of fiscal 2030, and continued service requirements through the end of fiscal 2030. The Board believes this is crucial for the Company to compete successfully in the technology industry undergoing profound change due to AI.
Why It Matters
This award is a significant move to secure the long-term leadership of CEO Hock E. Tan through fiscal 2030, tying his compensation to "rigorous, challenging targets" for revenue growth. Investors should note the Board's commitment to retaining key leadership to navigate the profound changes in the semiconductor industry driven by AI, potentially creating substantial stockholder value.
Key Quote
“revenue targets during a three-year performance period from the start of fiscal 2028 through the end of fiscal 2030 (the ".”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001730168
- Filing Date
- Tuesday, September 9, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive