Summary by Moomoo AI
NVIDIA Corporation has announced the adoption of a new Variable Compensation Plan for Fiscal Year 2025, which was approved by the Compensation Committee of the Board of Directors on March 8, 2024. The plan is designed to provide eligible executive officers with the opportunity to earn variable cash payments based on the achievement of specific corporate performance goals related to the company's fiscal year 2025 revenue. The fiscal year for NVIDIA ends on the last Sunday in January, with fiscal year 2025 ending on January 26, 2025. The performance goals include threshold, base, and stretch compensation plan levels, with the base compensation plan offering significant target award opportunities for named executive officers, including President and CEO Jen-Hsun Huang, who has a target award of $3 million...Show More
