Dell Technologies Grants Stock Option Award to COO Jeffrey Clarke

Details

The award, valued at approximately $132.4 million, grants Clarke the option to purchase 2,500,000 shares of the Company's Class C common stock. The award's vesting is contingent upon Clarke's continued employment with the Company through March 15, 2031, and the achievement of specified performance criteria related to the Company's market capitalization and free cash flow. A copy of the Performance-Based Stock Option Agreement is filed as Exhibit 10.1.

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About Dell Technologies Inc.

Dell Technologies Inc. is a multinational technology company that designs, develops, manufactures, and supports a wide range of computer-related products and services. Its primary function is to provide infrastructure solutions, personal computing devices, and IT software tailored for both consumer and enterprise markets. Dell is renowned for its innovation in developing high-performance laptops, desktops, and a comprehensive range of computer peripherals. Moreover, it plays a vital role in industries such as healthcare, finance, education, and government by offering cloud solutions and enterprise software that enhance operational efficiency. Dell Technologies' influence in the technology sector is significant, owing to its commitment to sustainability and transforming how businesses operate through digital innovation. Founded by Michael Dell in 1984 and headquartered in Round Rock, Texas, Dell Technologies has evolved into a key player in the global PC market while expanding its reach in digital transformation services."}