0001571996 2025-02-01 2026-01-30 0001571996 2021-01-30 2022-01-28 0001571996 2022-01-29 2023-02-03 0001571996 2023-02-04 2024-02-02 0001571996 2024-02-03 2025-01-31 0001571996 2 2025-02-01 2026-01-30 0001571996 dell:StockAwardValuesReportedInTheSctForTheCoveredYearMember ecd:NonPeoNeoMember 2025-02-01 2026-01-30 0001571996 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-02-01 2026-01-30 0001571996 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-02-01 2026-01-30 0001571996 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-02-01 2026-01-30 0001571996 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-02-01 2026-01-30 0001571996 3 2025-02-01 2026-01-30 0001571996 1 2025-02-01 2026-01-30 0001571996 2 2021-01-30 2022-01-28 0001571996 2 2022-01-29 2023-02-03 0001571996 2 2023-02-04 2024-02-02 0001571996 2 2024-02-03 2025-01-31 iso4217:USD DEF 14A false 0001571996 Dell Technologies Inc. <div style="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL">Practices for Timing of Equity Awards </div><div style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Dell Technologies follows a consistent approach in the timing of its equity awards. The Committee’s practice is to approve equity awards to the NEOs and other executive officers on an annual basis at the Committee’s first meeting each fiscal year, which is typically held in March and scheduled at least one year in advance. The Committee’s first meeting is typically held after Dell Technologies announces its financial results for the preceding fiscal year and the fourth quarter of that year. The Committee also may occasionally grant equity awards outside of the annual grant cycle for new hires, promotions, retention or other purposes. Dell Technologies has no program, plan or practice to time the grant of equity awards relative to the release of material nonpublic information. </div> Dell Technologies follows a consistent approach in the timing of its equity awards. The Committee’s practice is to approve equity awards to the NEOs and other executive officers on an annual basis at the Committee’s first meeting each fiscal year, which is typically held in March and scheduled at least one year in advance. true Dell Technologies has no program, plan or practice to time the grant of equity awards relative to the release of material nonpublic information. false true <div style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Pursuant to Item 402(v) of Regulation <div style="white-space:nowrap;display:inline;">S-K,</div> we provide the following disclosure regarding executive compensation for our CEO, who is our principal executive officer, and our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs, as well as certain performance measures and results for our five most recent fiscal years. The Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the fiscal years presented. See “<div style="font-style:italic;display:inline;">Compensation Discussion and Analysis</div>” for information about the pay decisions made with respect to NEO compensation for Fiscal 2026. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:ARIAL"><div style="color:#047db8;display:inline;">Pay Versus Performance </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:24%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:74pt"></td> <td></td> <td></td> <td style="width:74pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:27pt"></td> <td></td> <td></td> <td style="width:27pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:96pt"></td> <td></td> <td></td> <td style="width:96pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:97pt"></td> <td></td> <td></td> <td style="width:97pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:58pt"></td> <td></td> <td></td> <td style="width:58pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:83pt"></td> <td></td> <td></td> <td style="width:83pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:22pt"></td> <td></td> <td></td> <td style="width:22pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:92pt"></td> <td></td> <td></td> <td style="width:92pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:93pt"></td> <td></td> <td></td> <td style="width:93pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td rowspan="2" style="vertical-align:bottom"><div style="font-weight:bold;display:inline;"> Year</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="4" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Summary<br/> compensation<br/> table total</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">for CEO</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="4" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Compensation</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">actually paid</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">to CEO</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="4" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Average</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">summary<br/> compensation</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">table total</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">for <div style="white-space:nowrap;display:inline;">non-CEO</div><br/> named<br/> executive<br/> officers</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="4" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Average<br/> compensation<br/> actually paid</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">to <div style="white-space:nowrap;display:inline;">non-CEO</div><br/> named<br/> executive<br/> officers</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td> <td style="vertical-align:bottom"> </td> <td colspan="9" style="border-bottom:1.00pt solid #047db8;vertical-align:bottom"><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of initial fixed $100<br/> investment based on:</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="4" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Net income</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">(in millions)</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="4" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Company-<br/> selected<br/> performance<br/> measure:</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center"><div style="white-space:nowrap;display:inline;">Non-GAAP</div><br/> operating<br/> income</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">(in millions)</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="4" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Additional<br/> important<br/> performance<br/> measure:</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center"><div style="white-space:nowrap;display:inline;">Non-GAAP</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">net</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">revenue</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">(in millions)</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Total<br/> shareholder<br/> return</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">Peer group<br/> total<br/> shareholder<br/> return</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL;font-weight:bold;text-align:center">($)</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.50em; font-size:8pt; font-family:ARIAL;font-weight:bold">(a)</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(b)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(1)</div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(c)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(2)</div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(d)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(3)(4)</div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(e)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(3)(4)</div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(f)</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(g)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(5)</div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(h)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(6)</div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(i)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(7)</div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td> <td colspan="4" style="padding-bottom:4pt ;BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">(j)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(8)</div></div></td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Fiscal 2026</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,382,209</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,382,209</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">38,227,665</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">33,235,181</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">339.99</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">256.43</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">5,936</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">9,943</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">111,812</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Fiscal 2025</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,092,256</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,092,256</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">14,210,501</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">26,007,501</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">302.09</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">204.12</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">4,576</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">8,549</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">91,987</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Fiscal 2024</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,030,405</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,030,405</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">10,177,912</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">27,663,124</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">247.98</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">164.32</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,372</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">8,007</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">82,811</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Fiscal 2023</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,809,352</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,809,352</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">11,632,812</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(5,076,520</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">118.27</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">111.16</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,422</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">8,877</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">96,580</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td> <td colspan="5" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Fiscal 2022</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,467,347</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,467,347</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">22,477,881</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">48,769,297</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">152.52</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">123.12</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">5,707</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">8,104</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">95,841</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(1)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Michael S. Dell was our CEO for each of the fiscal years presented (the “covered years”). Amounts shown are the amounts reported for the CEO in the “Total” column of the Summary Compensation Table (“SCT”) for the covered years. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Because Mr. Dell does not receive any equity grants under our compensation program, and because no pension benefits are payable to him, the amounts shown for compensation actually paid to the CEO for each covered year are the same as the compensation reported for Mr. Dell for each such year in the “Total” column of the SCT. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(3)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">For Fiscal 2026, the <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs consisted of David Kennedy, Jeffrey W. Clarke, Richard J. Rothberg, William F. Scannell and Yvonne McGill. For Fiscal 2025, the <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs consisted of Ms. McGill, Mr. Clarke, Mr. Rothberg and Mr. Scannell. For Fiscal 2024, the <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs consisted of Ms. McGill, Mr. Clarke, Mr. Rothberg, Mr. Scannell, Thomas W. Sweet and Anthony Charles Whitten. For Fiscal 2023 and Fiscal 2022, the <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs consisted of Mr. Sweet, Mr. Clarke, Mr. Scannell and Mr. Whitten. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(4)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Average compensation actually paid to <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs reflects the following adjustments to the SCT amounts for stock awards reported for those NEOs for Fiscal 2026. There were no pension benefits reported for any NEO for Fiscal 2026. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom">  </td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom">  </td> <td colspan="2" style="BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Fiscal 2026</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.50em; font-size:8pt; font-family:ARIAL;font-weight:bold"><div style="white-space:nowrap;display:inline;">Non-CEO</div> NEOs</div></td> <td style="vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:4pt ;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">See note (3)</div></td> <td style="vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">SCT total compensation ($) (a)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">38,227,665</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Less: stock award and option award values reported in the SCT for the covered year ($) (a)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(35,832,910</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Plus: fair value of stock awards and option awards granted in the covered year ($) (b)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">30,124,766</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Change in fair value of outstanding unvested stock awards and option awards from prior years ($) (b)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,698,720</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Change in fair value of stock awards and option awards from prior years that vested in the covered year ($) (c)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(1,002,838</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Less: fair value of stock awards and option awards granted in prior years forfeited in the covered year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(1,980,222</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Compensation actually paid ($)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">33,235,181</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"><div style="color:#047db8;display:inline;"> </div></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="width:3%;vertical-align:top;text-align:left">(a)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Grant date fair values of stock awards reported in the SCT are calculated based on the following: </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for time-based RSUs, the closing price of the Class C common stock as of the grant date as reported on the NYSE (or on the trading date immediately preceding the grant date, if the grant date occurs on a <div style="white-space:nowrap;display:inline;">non-trading</div> day); </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to achievement of market-based performance goals based on relative total shareholder return, a Monte Carlo valuation model to simulate the probabilities of achievement as of the grant date; </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to internal financial measures, the closing price of the Class C common stock as of the accounting grant date as reported on the NYSE, assuming target performance; and </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based stock options, a Monte Carlo valuation model to simulate the probabilities of achievements as of the grant date. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="width:3%;vertical-align:top;text-align:left">(b)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">At each fiscal <div style="white-space:nowrap;display:inline;">year-end,</div> the fair value of stock awards granted and adjustments to stock award fair values are calculated based on the following: </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for time-based RSUs, the closing price of the Class C common stock as of fiscal <div style="white-space:nowrap;display:inline;">year-end</div> as reported on the NYSE; </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to achievement of market-based performance goals based on relative total shareholder return, a Monte Carlo simulation model to determine the fair values of such performance-based RSUs as of fiscal <div style="white-space:nowrap;display:inline;">year-end;</div> </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to internal financial measures, the closing price of the Class C common stock as of fiscal <div style="white-space:nowrap;display:inline;">year-end</div> as reported on the NYSE and the related accrued performance modifier as of fiscal <div style="white-space:nowrap;display:inline;">year-end;</div> and </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based stock options, a Monte Carlo simulation model to determine the fair values of such performance-based stock options as of fiscal <div style="white-space:nowrap;display:inline;">year-end.</div> </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="width:3%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">For grants made prior to January 28, 2022, <div style="white-space:nowrap;display:inline;">year-end</div> fair values were adjusted as these grants were not entitled to dividend equivalent rights. For grants made after January 28, 2022, <div style="white-space:nowrap;display:inline;">year-end</div> fair values include accrued dividend equivalents. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="width:3%;vertical-align:top;text-align:left">(c)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Adjustments for vested stock award fair values are calculated based on the following: </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for time-based RSUs, the closing price of the Class C common stock on the trading date immediately preceding the vesting date as reported on the NYSE; </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to achievement of market-based performance goals based on relative total shareholder return, the closing price of the Class C common stock on the trading date immediately preceding the vesting date as reported on the NYSE and the related realized performance modifier; and </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to internal financial measures, the closing price of the Class C common stock on the trading date immediately preceding the vesting date as reported on the NYSE and the related realized performance modifier. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">For grants made after January 28, 2022, fair values include accrued dividend equivalents. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(5)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Peer group total shareholder return represents the cumulative total shareholder return of the S&amp;P 500 Information Technology Index. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(6)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">As reported in our annual report on Form <div style="white-space:nowrap;display:inline;">10-K</div> for the fiscal year ended January 31, 2025, the Company’s consolidated financial statements were revised for the fiscal year ended February 2, 2024 to correct for the overstatement of cost of net revenue to the consolidated statements of income, net of the related tax effect, and the corresponding amounts affecting the consolidated statements of financial position. This resulted in a $177 million revision to net income for Fiscal 2024. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(7)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">We determined <div style="white-space:nowrap;display:inline;"></div><div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income was the most important performance measure used to link Company performance to compensation actually paid to our CEO and the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs for Fiscal 2026. <div style="white-space:nowrap;display:inline;">Non-GAAP</div> operating income is calculated by adjusting Dell Technologies’ GAAP operating income to exclude the impact of purchase accounting, amortization of intangibles, transaction-related expenses, stock-based compensation expense and other corporate expenses, and the results of certain business operations. As a result of the adjustment to exclude the results of certain business operations, <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income for this purpose is not the same as externally reported <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income for Dell Technologies. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(8)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">We present <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue as an additional performance measure that is used to link Company performance to compensation actually paid to our CEO and the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs. We define <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue as net revenue calculated and reported in accordance with GAAP and adjusted to exclude purchase accounting adjustments, as applicable in certain years, and the results of certain business operations. As a result of this adjustment to exclude the results of certain business operations, <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue for this purpose is not the same as externally reported <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue for Dell Technologies. </div></td></tr></table> 3382209 3382209 38227665 33235181 339.99 256.43 5936000000 9943000000 111812000000 3092256 3092256 14210501 26007501 302.09 204.12 4576000000 8549000000 91987000000 3030405 3030405 10177912 27663124 247.98 164.32 3372000000 8007000000 82811000000 2809352 2809352 11632812 -5076520 118.27 111.16 2422000000 8877000000 96580000000 3467347 3467347 22477881 48769297 152.52 123.12 5707000000 8104000000 95841000000 Michael S. Dell <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Because Mr. Dell does not receive any equity grants under our compensation program, and because no pension benefits are payable to him, the amounts shown for compensation actually paid to the CEO for each covered year are the same as the compensation reported for Mr. Dell for each such year in the “Total” column of the SCT. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(3)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">For Fiscal 2026, the <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs consisted of David Kennedy, Jeffrey W. Clarke, Richard J. Rothberg, William F. Scannell and Yvonne McGill. For Fiscal 2025, the <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs consisted of Ms. McGill, Mr. Clarke, Mr. Rothberg and Mr. Scannell. For Fiscal 2024, the <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs consisted of Ms. McGill, Mr. Clarke, Mr. Rothberg, Mr. Scannell, Thomas W. Sweet and Anthony Charles Whitten. For Fiscal 2023 and Fiscal 2022, the <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs consisted of Mr. Sweet, Mr. Clarke, Mr. Scannell and Mr. Whitten. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(4)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Average compensation actually paid to <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs reflects the following adjustments to the SCT amounts for stock awards reported for those NEOs for Fiscal 2026. There were no pension benefits reported for any NEO for Fiscal 2026. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom">  </td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom">  </td> <td colspan="2" style="BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Fiscal 2026</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.50em; font-size:8pt; font-family:ARIAL;font-weight:bold"><div style="white-space:nowrap;display:inline;">Non-CEO</div> NEOs</div></td> <td style="vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:4pt ;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">See note (3)</div></td> <td style="vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">SCT total compensation ($) (a)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">38,227,665</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Less: stock award and option award values reported in the SCT for the covered year ($) (a)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(35,832,910</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Plus: fair value of stock awards and option awards granted in the covered year ($) (b)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">30,124,766</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Change in fair value of outstanding unvested stock awards and option awards from prior years ($) (b)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,698,720</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Change in fair value of stock awards and option awards from prior years that vested in the covered year ($) (c)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(1,002,838</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Less: fair value of stock awards and option awards granted in prior years forfeited in the covered year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(1,980,222</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#f2f2f2"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#f2f2f2"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL">Compensation actually paid ($)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">33,235,181</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"><div style="color:#047db8;display:inline;"> </div></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="width:3%;vertical-align:top;text-align:left">(a)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Grant date fair values of stock awards reported in the SCT are calculated based on the following: </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for time-based RSUs, the closing price of the Class C common stock as of the grant date as reported on the NYSE (or on the trading date immediately preceding the grant date, if the grant date occurs on a <div style="white-space:nowrap;display:inline;">non-trading</div> day); </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to achievement of market-based performance goals based on relative total shareholder return, a Monte Carlo valuation model to simulate the probabilities of achievement as of the grant date; </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to internal financial measures, the closing price of the Class C common stock as of the accounting grant date as reported on the NYSE, assuming target performance; and </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based stock options, a Monte Carlo valuation model to simulate the probabilities of achievements as of the grant date. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="width:3%;vertical-align:top;text-align:left">(b)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">At each fiscal <div style="white-space:nowrap;display:inline;">year-end,</div> the fair value of stock awards granted and adjustments to stock award fair values are calculated based on the following: </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for time-based RSUs, the closing price of the Class C common stock as of fiscal <div style="white-space:nowrap;display:inline;">year-end</div> as reported on the NYSE; </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to achievement of market-based performance goals based on relative total shareholder return, a Monte Carlo simulation model to determine the fair values of such performance-based RSUs as of fiscal <div style="white-space:nowrap;display:inline;">year-end;</div> </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to internal financial measures, the closing price of the Class C common stock as of fiscal <div style="white-space:nowrap;display:inline;">year-end</div> as reported on the NYSE and the related accrued performance modifier as of fiscal <div style="white-space:nowrap;display:inline;">year-end;</div> and </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based stock options, a Monte Carlo simulation model to determine the fair values of such performance-based stock options as of fiscal <div style="white-space:nowrap;display:inline;">year-end.</div> </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="width:3%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">For grants made prior to January 28, 2022, <div style="white-space:nowrap;display:inline;">year-end</div> fair values were adjusted as these grants were not entitled to dividend equivalent rights. For grants made after January 28, 2022, <div style="white-space:nowrap;display:inline;">year-end</div> fair values include accrued dividend equivalents. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="width:3%;vertical-align:top;text-align:left">(c)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Adjustments for vested stock award fair values are calculated based on the following: </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for time-based RSUs, the closing price of the Class C common stock on the trading date immediately preceding the vesting date as reported on the NYSE; </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to achievement of market-based performance goals based on relative total shareholder return, the closing price of the Class C common stock on the trading date immediately preceding the vesting date as reported on the NYSE and the related realized performance modifier; and </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7%"> </td> <td style="width:3%;vertical-align:top;text-align:left"><div style="color:#047db8;display:inline;">•</div></td> <td style="width:2%;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt;text-align:left">for performance-based RSUs subject to internal financial measures, the closing price of the Class C common stock on the trading date immediately preceding the vesting date as reported on the NYSE and the related realized performance modifier. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">For grants made after January 28, 2022, fair values include accrued dividend equivalents. </div></td></tr></table> 38227665 -35832910 30124766 3698720 -1002838 -1980222 33235181 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(5)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Peer group total shareholder return represents the cumulative total shareholder return of the S&amp;P 500 Information Technology Index. </div></td></tr></table> 177000000 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(7)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">We determined <div style="white-space:nowrap;display:inline;"></div><div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income was the most important performance measure used to link Company performance to compensation actually paid to our CEO and the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs for Fiscal 2026. <div style="white-space:nowrap;display:inline;">Non-GAAP</div> operating income is calculated by adjusting Dell Technologies’ GAAP operating income to exclude the impact of purchase accounting, amortization of intangibles, transaction-related expenses, stock-based compensation expense and other corporate expenses, and the results of certain business operations. As a result of the adjustment to exclude the results of certain business operations, <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income for this purpose is not the same as externally reported <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income for Dell Technologies. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(8)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">We present <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue as an additional performance measure that is used to link Company performance to compensation actually paid to our CEO and the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs. We define <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue as net revenue calculated and reported in accordance with GAAP and adjusted to exclude purchase accounting adjustments, as applicable in certain years, and the results of certain business operations. As a result of this adjustment to exclude the results of certain business operations, <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue for this purpose is not the same as externally reported <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue for Dell Technologies. </div></td></tr></table> non-GAAP operating income <div style="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><div style="color:#333333;display:inline;">Compensation Actually Paid to our CEO and Pay Versus Performance Measures </div></div><div style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the compensation actually paid to our CEO in relation to our total shareholder return (“TSR”) for each fiscal year presented, as well as our TSR compared to our peer group TSR for each such fiscal year. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">CEO Compensation Actually Paid and Company TSR </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g42.jpg" style="width:6.64303in;height:2.84987in"/> </div><div style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs in relation to our TSR for each fiscal year presented, as well as our TSR compared to our peer group TSR for each such fiscal year. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">Non-CEO NEO Average Compensation Actually Paid and Company TSR </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g45.jpg" style="width:6.69383in;height:2.85012in"/> </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Mr. Dell does not receive equity awards as a part of his compensation package. As a result, his compensation is not affected by the Dell Technologies stock price as reflected in our TSR. A significant portion of Mr. Dell’s annual compensation is in the form of cash payable under our Incentive Bonus Plan, as discussed under “<div style="font-style:italic;display:inline;">Compensation Discussion and Analysis – Individual Compensation Components – Annual Cash Bonus</div>,” which is tied to achievement of the Company’s <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue and <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income targets. </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The decline in Mr. Dell’s compensation actually paid from Fiscal 2022 to Fiscal 2023 and the increase in his compensation actually paid from Fiscal 2023 to Fiscal 2026 resulted from the Company’s performance against its Incentive Bonus Plan financial targets for those fiscal years. </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><div style="color:#333333;display:inline;">Compensation Actually Paid to our CEO and Pay Versus Performance Measures </div></div><div style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the compensation actually paid to our CEO in relation to our total shareholder return (“TSR”) for each fiscal year presented, as well as our TSR compared to our peer group TSR for each such fiscal year. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">CEO Compensation Actually Paid and Company TSR </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g42.jpg" style="width:6.64303in;height:2.84987in"/> </div><div style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs in relation to our TSR for each fiscal year presented, as well as our TSR compared to our peer group TSR for each such fiscal year. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">Non-CEO NEO Average Compensation Actually Paid and Company TSR </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g45.jpg" style="width:6.69383in;height:2.85012in"/> </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the compensation actually paid to our CEO in relation to our net income and <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income for each fiscal year presented. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">CEO Compensation Actually Paid and Net Income and Non-GAAP Operating Income </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g43.jpg" style="width:6.7392in;height:2.86377in"/> </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs in relation to our net income and <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income for each fiscal year presented. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">Non-CEO NEO Average Compensation Actually Paid and </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">Net Income and Non-GAAP Operating Income </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g46.jpg" style="width:6.77654in;height:2.86376in"/> </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the compensation actually paid to our CEO in relation to our net income and <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income for each fiscal year presented. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">CEO Compensation Actually Paid and Net Income and Non-GAAP Operating Income </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g43.jpg" style="width:6.7392in;height:2.86377in"/> </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs in relation to our net income and <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income for each fiscal year presented. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">Non-CEO NEO Average Compensation Actually Paid and </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">Net Income and Non-GAAP Operating Income </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g46.jpg" style="width:6.77654in;height:2.86376in"/> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the compensation actually paid to our CEO in relation to our <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue for each fiscal year presented. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">CEO Compensation Actually Paid and Non-GAAP Net Revenue </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01g44.jpg" style="width:6.79355in;height:2.86377in"/> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following chart shows the average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs in relation to our <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue for each fiscal year presented. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">Non-CEO NEO Average Compensation Actually Paid and </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">Non-GAAP Net Revenue </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g132444g01r76.jpg" style="width:6.83176in;height:2.86377in"/> </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Mr. Dell does not receive equity awards as a part of his compensation package. As a result, his compensation is not affected by the Dell Technologies stock price as reflected in our TSR. A significant portion of Mr. Dell’s annual compensation is in the form of cash payable under our Incentive Bonus Plan, as discussed under “<div style="font-style:italic;display:inline;">Compensation Discussion and Analysis – Individual Compensation Components – Annual Cash Bonus</div>,” which is tied to achievement of the Company’s <div style="white-space:nowrap;display:inline;">non-GAAP</div> net revenue and <div style="white-space:nowrap;display:inline;">non-GAAP</div> operating income targets. </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The decline in Mr. Dell’s compensation actually paid from Fiscal 2022 to Fiscal 2023 and the increase in his compensation actually paid from Fiscal 2023 to Fiscal 2026 resulted from the Company’s performance against its Incentive Bonus Plan financial targets for those fiscal years. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:ARIAL"><div style="color:#333333;display:inline;">Most Important Financial Performance Measures </div></div><div style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We set forth below the three financial performance measures that represented the most important measures used to link compensation actually paid to our CEO and average compensation actually paid to our <div style="white-space:nowrap;display:inline;">non-CEO</div> NEOs (as calculated in accordance with Item 402(v) of Regulation <div style="white-space:nowrap;display:inline;">S-K)</div> to Company performance for Fiscal 2026. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:50%;border-spacing:0"> <tr> <td style="width:100%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:1.00pt solid #047db8;vertical-align:bottom"><div style="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:8pt; font-family:ARIAL;font-weight:bold">Financial Performance Measures</div><div style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"> </div></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt;background-color:#f2f2f2"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:middle;background-color:#f2f2f2"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL;font-weight:bold"><div style="white-space:nowrap;display:inline;">Non-GAAP Operating Income </div></div></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:middle"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL;font-weight:bold"><div style="white-space:nowrap;display:inline;"></div><div style="white-space:nowrap;display:inline;">Non-GAAP</div> Net Revenue</div></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt;background-color:#f2f2f2"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="padding-bottom:4pt ;vertical-align:middle;background-color:#f2f2f2"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.44em; font-size:9pt; font-family:ARIAL;font-weight:bold">Relative TSR</div></td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As discussed in “<div style="font-style:italic;display:inline;">Compensation Discussion and Analysis</div>,” these measures, calculated as described in that discussion, were used to evaluate the performance of our NEOs under our incentive plans and to incentivize the NEOs to increase long-term value for our stockholders. </div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> Non-GAAP Operating Income Non-GAAP Net Revenue Relative TSR