Affirm Investor Day Presentation Deck
Stock-based compensation expense and dilution
$ million unless otherwise indicated
$219
$103
FY'21A
AFFIRM | 2023
$250
$141
FY'22A
$357
$95
FY'23A
CEO Value Creation Award
TBD
¹ Annual dilution as measured by the annual percentage change in basic share count.
$65
FY'24P
TBD
$35
FY'25P
Employee Stock Compensation
TBD
$12
FY'26P
Employee
Stock-Based
Compensation
CEO Value
Creation
Award
Conclusion
.
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Comprised of RSUS and stock options
We establish an annual dilution target¹
We expect <= 5% annual dilution in the
term, and <= 3% over the medium-term
Consists of $49 strike options issued in Jan
2021; up to 12.5M options can be earned
Options earned based upon trailing VWAP
thresholds and time-based vesting
-
4M options have already been earned
No incremental dilution unless 90 day
VWAP exceeds $132 per share
Unless Affirm's share price exceeds $132,
annual SBC dilution is expected to be
<= 3% over medium-term
affirm 86
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