Broadcom said the independent members of its Board of Directors granted Hock E. Tan, President and Chief Executive Officer, an award of performance stock units as part of the annual equity award program on September 3, 2025. The company said the award was designed to incentivize him to extend his leadership through fiscal 2030.

1. 01

   Broadcom said the independent members of its Board of Directors granted Hock E. Tan, President and Chief Executive Officer, an award of performance stock units as part of the annual equity award program on September 3, 2025. The company said the award was designed to incentivize him to extend his leadership through fiscal 2030.

2. 02

   Broadcom said the target number of shares subject to the award is 610,521 shares, and the payout percentage will be 0% if the highest aggregate AI revenue for any 4 consecutive fiscal quarters is $60 billion or less, 100% if $90 billion, 200% if $105 billion, and 300% if $120 billion or more.

3. 03

   The company said vesting of the performance stock units is contingent on both attainment of challenging AI-related revenue targets during a 3-year performance period from the start of fiscal 2028 through the end of fiscal 2030 and continued service requirements from the grant date through the end of fiscal 2030. It added there are no interim vesting opportunities.

4. 04

   Broadcom said Tan has agreed to hold the after-tax shares he would receive at the end of fiscal 2027 upon vesting of the 2023 PSU Award through November 3, 2030. The company said if he voluntarily resigns without good reason prior to November 4, 2030, the holding period will extend through October 31, 2032.

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Original filing

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