Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On
Ms. Ablo will be granted restricted stock units for shares of Oracle common stock (the "RSUs") in accordance with Oracle's Amended and Restated 1993 Directors' Stock Plan. The RSUs will represent a pro rata amount of the annual equity award granted to non-employee directors based on the number of complete calendar months remaining in Oracle's current fiscal year. The RSUs will fully vest on the first anniversary of the date of grant provided Ms. Ablo continues to serve as a director on the vest date. Ms. Ablo will also receive the standard cash compensation for Oracle's non-employee directors.
Ms. Ablo has entered into Oracle's standard form of indemnification agreement pursuant to which Oracle will indemnify her for certain actions taken in her capacity as a director.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 99.1 Press Release - Oracle Names Awo Ablo to the Board of Directors, datedMarch 24, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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