Credo grants CEO Bill Brennan a special performance award of 1.44 million restricted shares

Credo's board approved a one-time special performance-based restricted stock unit award for CEO Bill Brennan on May 28, 2026, disclosed in a June 1 filing. The award covers 1,437,000 ordinary shares in six tranches, each tied to both a trailing revenue goal from $2.5 billion to $7.5 billion and a stock price goal from $244.70 to $489.40. The company said it would be his only equity award for five years, absent extraordinary circumstances.

• Six tranches of 239,500 shares each, 1,437,000 shares in total
• Revenue goals: $2.5 billion to $7.5 billion trailing four-quarter revenue
• Stock price goals: $244.70 to $489.40 per share
• Performance period runs to June 30, 2031
• Tranches one and two vest regardless of stock price if revenue reaches $5 billion