Shantanu Narayen

Chair and Chief Executive Officer at Adobe Inc

Board

Since December 2007

Age

61 years

Education

Holds a B.S. in Electronics Engineering from Osmania University, an M.S. in Computer Science from Bowling Green State University, and an M.B.A. from the Haas School of Business, University of California, Berkeley.

Tenure

Joined Adobe in January 1998 and progressed through roles including Vice President and General Manager, Senior Vice President, Executive Vice President, President and Chief Operating Officer, then was appointed Chief Executive Officer in December 2007 and later became Chair in January 2017.

Also at Adobe Inc

Anil Chakravarthy

President, Digital Experience

Daniel Durn

Chief Financial Officer and EVP, Finance

David Wadhwani

President, Digital Media

About

Shantanu Narayen, aged 61 as of January 2025, was born in India and built a robust academic foundation with degrees in Electronics Engineering, Computer Science, and Business Administration. His early academic pursuits laid the groundwork for a career marked by innovative leadership and strategic vision.

His professional journey at Adobe began in January 1998 when he joined as Vice President and General Manager of the Engineering Technology Group. Over the following years, he embraced increasing responsibilities, progressing from Senior Vice President of Worldwide Products in January 1999 to Executive Vice President in March 2001, then to President and Chief Operating Officer in January 2005. His appointment as Chief Executive Officer in December 2007 marked a pivotal moment, leading the company through transformative changes, including the adoption of a cloud-based subscription model and redefining digital marketing strategies.

Beyond his contributions to Adobe, his extensive experience includes serving on boards—most notably as the Lead Independent Director at Pfizer Inc.—and previous roles at leading technology companies such as Apple and Silicon Graphics. These experiences underscore his broad impact within the technology sector and strengthen his reputation as a visionary leader who has helped redefine industry standards.

$ADBE Performance Under Shantanu Narayen

Past Roles

Organization	Role	Date Range	Details
Adobe (ADBE)	President and Chief Operating Officer	Jan 2005 - Dec 2007	Promoted in January 2005
Adobe (ADBE)	Executive Vice President, Worldwide Product Marketing and Development	Mar 2001 - Jan 2005	Promoted in March 2001
Adobe (ADBE)	Senior Vice President, Worldwide Products	Jan 1999 - Mar 2001	Promoted in January 1999
Adobe (ADBE)	Vice President and General Manager of the Engineering Technology Group	Jan 1998 - Jan 1999	Joined Adobe in January 1998

External Roles

Organization	Role	Date Range
Pfizer Inc.	Lead Independent Director	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details ( for Base Salary; for Other Compensation)
Base Salary	$1,500,000	Annual	Remained unchanged from 2023
All Other Compensation	$1,601,047	Annual	Includes Deferred Compensation Plan Contributions ($2,866,401), Aggregate Earnings ($3,000,103), and other benefits

Performance Compensation

Data from FY 2024

Annual Cash Incentive

Metric	Target	Actual/Result	Additional Details ( )
Revenue	$21.40 billion	$21.51 billion (100% performance)	Achieved required performance; 90% threshold for payout
Non-GAAP Diluted EPS	$17.80	$18.42 (100% performance)	Achievement met all targets
Corporate Performance Result	N/A	98% (after 2% downward adjustment)	Adjusted to exclude foreign currency fluctuation effects
Target Cash Incentive	$3,000,000	$2,940,000	Set at 200% of Base Salary, reflecting performance

Performance Share Awards

Award Type	Threshold (# shares)	Target (# shares)	Maximum (# shares)	Grant Date	Grant Date Fair Value	Vesting Conditions	Evaluation Period	Additional Details ( )
2024 PSP	10,228	31,474	62,948	1/24/2024	$21,044,970	Based on achieving TSR (50%) and Net New Sales (50%) goals; vests on the later of the third anniversary of the Vesting Commencement Date or Certification Date	Calendar years 2024-2026 (TSR) and Fiscal years 2024-2026 (Net New Sales)	Weighted average grant date stock price of $645.40
2023 PSP	2,189	13,687	27,374	1/24/2024	$8,300,892	Vesting tied to performance conditions similar to 2024 PSP	Same as above	Part of the net new sales goal awards
2022 PSP	1,248	7,803	15,606	1/24/2024	$4,732,363	Vesting tied to performance conditions similar to 2024 PSP	Same as above	Part of the net new sales goal awards
RSU	N/A	N/A	N/A	1/24/2024	$12,270,910	Standard RSU vesting schedule (details not explicitly provided)	N/A	Constitutes 30% of total target equity awards

This section covers the performance compensation for 2024 including both the Annual Cash Incentive and the Performance Share Awards. The Annual Cash Incentive is based on strict revenue and EPS performance metrics with a payout threshold of 90% and a target incentive of $3,000,000, while the Performance Share Awards are split between relative TSR and net new sales goals, with detailed share thresholds, targets, and maximums as shown above.