Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 5, 2022, NIKE, Inc. (the "Company" or "NIKE") announced the appointment of Johanna Nielsen to succeed Chris Abston as NIKE's principal accounting officer, effective October 7, 2022. Mr. Abston notified the Company on May 2, 2022, of his intention to retire from his position as Corporate Controller effective October 6, 2022.

Ms. Nielsen, 44, joined NIKE in 2017 as Senior Director of Finance, Strategy and Operations within NIKE's Controlling function. In 2019 she was appointed Vice President of Finance Functional Strategy and Operations, delivering critical strategic support and leadership to the Finance function. Currently, Ms. Nielsen leads the business initiative supporting the global implementation of NIKE's enterprise resource planning system as Vice President of Strategic Enterprise Capabilities, and she will become Vice President of Controlling effective May 9, 2022. Prior to joining NIKE, Ms. Nielsen gained extensive professional experience in audit, public accounting and corporate transaction services through leadership positions at several companies including Deloitte, Citrin Cooperman and Grant Thornton, with both domestic and international experience.

In connection with Ms. Nielsen's new role as Vice President of Controlling and appointment as NIKE's next principal accounting officer, effective May 9, 2022, she will receive an annual base salary of $425,000, a target annual bonus opportunity of 50% of her annual base salary, and a target annual long-term incentive award opportunity of $200,000. She will also be eligible for an annual grant of stock options and restricted stock units, which will be determined in accordance with our ordinary practice for similarly situated Vice Presidents.

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