Board Justification

We achieve our objectives through our compensation programs that are designed to: provide competitive compensation opportunities that attract and retain top talent with the skills necessary for us to achieve our business objectives and motivate our executive officers to deliver the highest-level impact and results for Adobe; deliver a substantial majority of our executive officers’ pay through performance-based incentives to align the interests of our executive officers with those of our stockholders in the overall success of Adobe; encourage our executive officers to focus on our Company priorities; reward and motivate strong individual performance with commensurate levels of compensation; avoid encouraging undue risk-taking by our executive officers; and create direct alignment with our stockholders in the overall success of Adobe by providing equity ownership.

Board Justification

N/A

Board Justification

For fiscal year 2024, these amounts include (i) matching contributions under the 401(k) Plan of $10,350 each and life insurance premiums, (ii) the cost of executive health concierge services, (iii) the tax grossed-up value of the sales club trip of $23,833 and (iv) the incremental cost of security services of $1,409,118 paid by Adobe to a third-party security provider, based on the actual security costs incurred by Adobe, and the incremental cost of personal use of our corporate jet of $145,822, based on variable costs for fuel, crew, catering and airport fees.

Board Justification

These amounts represent the shares earned under the 2021 PSP based on achievement of the fiscal year 2022, 2023 and 2024 Net New Sales Goals, for which the respective performance periods were complete as of the end of fiscal year 2024 and certifications have been completed.