Dell Technologies Inc. Reports Performance-Based Stock Option Award for COO
Summary
On September 30, 2025, the Compensation Committee of Dell Technologies Inc. approved a one-time performance-based stock option award for Jeffrey Clarke, Chief Operating Officer and Vice Chairman. The award grants the right to purchase 2,500,000 shares of Class C common stock, with an exercise price of $141.77 per share and a grant date fair value of approximately $132.4 million. Vesting is contingent on Mr. Clarke's continued employment through March 15, 2031, and the achievement of specified performance criteria by January 31, 2031. These criteria include Company market capitalization and free cash flow performance goals.
Why It Matters
This significant performance-based stock option award, valued at approximately $132.4 million, aligns a key executive's compensation with the creation of long-term shareholder value through market capitalization and free cash flow performance goals.
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Key Quote
“The Award is subject to the achievement of specified performance criteria, as certified by the Committee, during a performance period that ends on January 31, 2031.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001571996
- Filing Date
- Thursday, October 2, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive