NVIDIA Corporation Reports Adoption of Fiscal Year 2027 Variable Compensation Plan
Summary
On March 2, 2026, NVIDIA Corporation's Compensation Committee adopted the Variable Compensation Plan for Fiscal Year 2027 (the "2027 Plan"), as detailed in Exhibit 10.1. This plan provides eligible executive officers the opportunity to earn variable cash payments based on the Company's achievement of specified fiscal year 2027 revenue performance goals. * The Compensation Committee set Performance Goals based on fiscal year 2027 revenue, establishing threshold, base, and stretch compensation levels. * Participants, including named executive officers, must generally remain employees through the payment date to be eligible for an award. * The plan aims to attract, motivate, retain, and reward management through performance-based compensation.
Why It Matters
Investors should note the adoption of the 2027 Variable Compensation Plan as it directly links executive incentives to the achievement of fiscal year 2027 revenue goals, potentially influencing management's strategic focus and performance.
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Key Quote
“Unless otherwise determined by the Compensation Committee, a participant must remain an employee through the payment date under the 2027 Plan to be eligible to earn an award.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001045810
- Filing Date
- Friday, March 6, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive