DXC TECHNOLOGY CO, DEF 14A filed on 6/5/2025
Proxy Statement (definitive)
v3.25.1
Cover
 12 Months Ended
Mar. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name DXC Technology Co
Entity Central Index Key 0001688568
v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Fiscal Year
Summary Compensation Total for PEO - Mr. Fernandez(1)
($)
Summary Compensation Total for PEO - Mr. Salvino(1)
($)
Compensation Actually Paid to PEO - Mr. Fernandez(1)(2)(3)
($)
Compensation Actually Paid to PEO - Mr. Salvino(1)(2)(3)
($)
Average Summary Compensation Total for Non-PEO NEOs(1)
($)
Average Compensation Actually Paid to Non-PEO NEOs(1)(2)(3)
($)
Value of Initial Fixed $100 Investment Based On:Net
Income
 ($ in millions)
Free Cash Flow(5)
($ in millions)
TSR
($)
Peer Group
TSR(4)
($)
202516,737,748 — 15,205,065 — 6,008,801 3,329,598 130.65171.67396 687 
20249,666,663 19,821,384 9,666,663 7,948,091 5,697,213 3,508,102 162.53 198.64 86 756 
2023— 20,317,972 — (1,015,552)4,204,094 1,442,117 195.86 187.37 (566)737 
2022— 28,716,680 — 30,679,306 4,832,088 5,153,180 250.04 197.48 736 743 
2021— 21,733,120 — 44,697,450 5,146,324 6,300,328 239.54 192.68 (146)(652)
        
Company Selected Measure Name Free Cash Flow        
Named Executive Officers, Footnote Mr. Salvino was the Company’s only PEO for fiscal 2021 through fiscal 2023. Both Mr. Salvino and Mr. Fernandez separately served as PEOs during fiscal 2024. Mr. Fernandez was the Company’s only PEO for fiscal 2025. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
Fiscal 2021Fiscal 2022Fiscal 2023Fiscal 2024Fiscal 2025
Kenneth P. SharpKenneth P. SharpKenneth P. SharpRobert Del BeneRobert Del Bene
Mary E. FinchMary E. FinchMary E. FinchHoward BovilleHoward Boville
Vinod BagalWilliam L. Deckelman Jr.Christopher DrumgooleChristopher DrumgooleChristopher Drumgoole
William L. Deckelman Jr.Vinod BagalWilliam L. Deckelman Jr.James M. BradyMatthew K. Fawcett
Paul N. Saleh  Kenneth P. SharpAndrew Wilson
Neil Manna James M. Brady
        
Peer Group Issuers, Footnote Peer Group Total Shareholder Return is calculated based on the S&P 600 Information Technology Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended March 31, 2025. The comparison assumes $100 was invested on March 31, 2020, then tracked through the end of the listed year in the Company and in the S&P 600 Information Technology Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.        
Adjustment To PEO Compensation, Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table.
Fiscal YearSummary Compensation Table Total for
Mr. Fernandez
($)		Exclusion of Stock Awards for Mr. Fernandez
($)		Total - Inclusion of Equity Values for Mr. Fernandez
($)		Compensation Actually Paid to Mr. Fernandez
($)
202516,737,748 11,941,625 10,408,942 15,205,065 
20249,666,663 8,208,431 8,208,431 9,666,663 
2023— — — — 
2022— — — — 
2021— — — — 
Fiscal YearSummary Compensation Table Total for Mr. Salvino
($)		Exclusion of Stock Awards for Mr. Salvino
($)		Total - Inclusion of Equity Values for Mr. Salvino
($)		Compensation Actually Paid to Mr. Salvino
($)
2025— — — — 
202419,821,384 16,575,400 4,702,107 7,948,091 
202320,317,972 17,130,174 (4,203,350)(1,015,552)
202228,716,680 25,087,727 27,050,353 30,679,306 
202121,733,120 15,311,312 38,275,642 44,697,450 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables for our PEO and our non-PEO NEOs, respectively:
Fiscal YearYear End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year for Mr. Fernandez
($)		Change in Fair Value of Prior Awards that Remained Unvested at
Year End for
Mr. Fernandez
($)		Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for
Mr. Fernandez
($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During
the Year for
Mr. Fernandez
($)		Value of Dividends Paid
on Stock Awards Not Otherwise Included for
Mr. Fernandez
($)		Total - Inclusion of Equity Values for Mr. Fernandez
($)
202512,633,169 (2,224,227)— — — 10,408,942 
20243,131,714 — 5,076,717 — — 8,208,431 
2023— — — — — — 
2022— — — — — — 
2021— — — — — — 
Fiscal YearYear End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year for Mr. Salvino
($)		Change in Fair Value of Prior Awards that Remained Unvested at
Year End for
Mr. Salvino
($)		Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for
Mr. Salvino
($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During
the Year for
Mr. Salvino
($)		Value of Dividends Paid on Stock Awards Not Otherwise Included for
Mr. Salvino
($)		Total - Inclusion of Equity Values for Mr. Salvino
($)
2025— — — — — — 
202411,974,254 (6,812,432)— (459,715)— 4,702,107 
202310,916,402 (15,247,425)— 102,458 25,215 (4,203,350)
202223,666,951 3,071,643 — 286,543 25,216 27,050,353 
202134,966,312 1,622,393 1,271,467 390,254 25,216 38,275,642 
        
Non-PEO NEO Average Total Compensation Amount $ 6,008,801 $ 5,697,213 $ 4,204,094 $ 4,832,088 $ 5,146,324
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,329,598 3,508,102 1,442,117 5,153,180 6,300,328
Adjustment to Non-PEO NEO Compensation Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table.
Fiscal YearAverage Summary Compensation Table Total for Non-PEO NEOs
($)		Average Exclusion
of Stock Awards for
Non-PEO NEOs
($)		Total - Average
Inclusion of Equity
Values for
Non-PEO NEOs
($)		Average Compensation Actually Paid to
Non-PEO NEOs
($)
20256,008,801 4,339,205 1,660,002 3,329,598 
20245,697,213 4,122,256 1,933,145 3,508,102 
20234,204,094 3,061,944 299,967 1,442,117 
20224,832,088 3,599,308 3,920,400 5,153,180 
20215,146,324 2,807,624 3,961,628 6,300,328 
Fiscal YearAverage Year
End Fair Value
of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)		Average Change in Fair Value of Prior Awards
that Remained Unvested at
Year End for
Non-PEO NEOs
($)		Average Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During the Year for Non-PEO NEOs
($)		Average Value
of Dividends Paid on Stock Awards Not Otherwise Included for
Non-PEO NEOs
($)		Total - Average Inclusion of Equity Values
for Non-PEO NEOs
($)
20253,234,202 (1,438,170)— (136,030)— 1,660,002 
20243,211,318 (1,254,897)— (23,276)— 1,933,145 
20231,934,108 (1,606,924)78,109 (108,393)3,067 299,967 
20223,235,621 370,681 106,489 201,597 6,012 3,920,400 
20213,601,866 41,020 196,348 94,901 27,493 3,961,628 
        
Compensation Actually Paid vs. Total Shareholder Return
The following charts set forth the relationship between CAP to our PEO, the average CAP to our non-PEO NEOs and (1) the Company’s cumulative TSR and the Peer Group’s cumulative TSR, (2) Net Income, and (3) Free Cash Flow, each over the five completed years from fiscal 2021 through fiscal 2025:
pvp-tsr_update.gif
        
Compensation Actually Paid vs. Net Income
The following charts set forth the relationship between CAP to our PEO, the average CAP to our non-PEO NEOs and (1) the Company’s cumulative TSR and the Peer Group’s cumulative TSR, (2) Net Income, and (3) Free Cash Flow, each over the five completed years from fiscal 2021 through fiscal 2025:
pvp-tsr_update.gif
pvp-netincome_update1.gif
        
Compensation Actually Paid vs. Company Selected Measure
The following charts set forth the relationship between CAP to our PEO, the average CAP to our non-PEO NEOs and (1) the Company’s cumulative TSR and the Peer Group’s cumulative TSR, (2) Net Income, and (3) Free Cash Flow, each over the five completed years from fiscal 2021 through fiscal 2025:
pvp-tsr_update.gif
pvp-fcf_update1.gif
        
Total Shareholder Return Vs Peer Group
The following charts set forth the relationship between CAP to our PEO, the average CAP to our non-PEO NEOs and (1) the Company’s cumulative TSR and the Peer Group’s cumulative TSR, (2) Net Income, and (3) Free Cash Flow, each over the five completed years from fiscal 2021 through fiscal 2025:
pvp-tsr_update.gif
        
Tabular List, Table
Free Cash Flow
Organic Revenue Growth %
Adjusted EBIT Margin %
Relative TSR
        
Total Shareholder Return Amount $ 130.65 162.53 195.86 250.04 239.54
Peer Group Total Shareholder Return Amount 171.67 198.64 187.37 197.48 192.68
Net Income (Loss) $ 396,000,000 $ 86,000,000 $ (566,000,000) $ 736,000,000 $ (146,000,000)
Company Selected Measure Amount 687,000,000 756,000,000 737,000,000 743,000,000 (652,000,000)
Additional 402(v) Disclosure The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by the Company’s PEO and Non-PEO NEOs. These amounts reflect compensation as set forth in the Summary Compensation Table above for each year, adjusted as described in footnote 3 below.We determined Free Cash Flow to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal 2025. Free Cash Flow is a non-GAAP measure that is defined as cash flow from operations less capital expenditures. For a reconciliation of Non-GAAP measures as set forth in this Proxy Statement to the most directly comparable GAAP measure, see “Appendix - Non-GAAP Financial Measures.”        
Measure:: 1          
Pay vs Performance Disclosure          
Name Free Cash Flow        
Measure:: 2          
Pay vs Performance Disclosure          
Name Organic Revenue Growth %        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted EBIT Margin %        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative TSR        
Fernandez [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 16,737,748 $ 9,666,663      
PEO Actually Paid Compensation Amount $ 15,205,065 $ 9,666,663      
PEO Name Mr. Fernandez Mr. Fernandez      
Salvino [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount   $ 19,821,384 $ 20,317,972 $ 28,716,680 $ 21,733,120
PEO Actually Paid Compensation Amount   $ 7,948,091 $ (1,015,552) $ 30,679,306 $ 44,697,450
PEO Name   Mr. Salvino Mr. Salvino Mr. Salvino Mr. Salvino
PEO | Fernandez [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (11,941,625) $ (8,208,431)      
PEO | Fernandez [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,408,942 8,208,431      
PEO | Fernandez [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,633,169 3,131,714      
PEO | Fernandez [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,224,227) 0      
PEO | Fernandez [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 5,076,717      
PEO | Fernandez [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0      
PEO | Fernandez [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0      
PEO | Salvino [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (16,575,400) $ (17,130,174) $ (25,087,727) $ (15,311,312)
PEO | Salvino [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   4,702,107 (4,203,350) 27,050,353 38,275,642
PEO | Salvino [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   11,974,254 10,916,402 23,666,951 34,966,312
PEO | Salvino [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (6,812,432) (15,247,425) 3,071,643 1,622,393
PEO | Salvino [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 0 0 1,271,467
PEO | Salvino [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (459,715) 102,458 286,543 390,254
PEO | Salvino [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 25,215 25,216 25,216
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,339,205) (4,122,256) (3,061,944) (3,599,308) (2,807,624)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,660,002 1,933,145 299,967 3,920,400 3,961,628
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,234,202 3,211,318 1,934,108 3,235,621 3,601,866
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,438,170) (1,254,897) (1,606,924) 370,681 41,020
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 78,109 106,489 196,348
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (136,030) (23,276) (108,393) 201,597 94,901
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 3,067 $ 6,012 $ 27,493
v3.25.1
Award Timing Disclosure
 12 Months Ended
Mar. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure We maintain an Equity Grant Policy and do not take material nonpublic information into account when determining the timing and terms of equity awards or for the purpose of affecting the value of executive compensation. Our Compensation Committee generally approves annual equity awards in the first quarter of the new fiscal year, which allows the Compensation Committee to review and consider the Company’s financial results from the prior fiscal year when making grants. Other than grants made in connection with hiring, promotions and retention, equity awards are generally granted to NEOs at the same time that equity awards are granted to all other employees who are eligible for such awards.
Award Timing Method We maintain an Equity Grant Policy and do not take material nonpublic information into account when determining the timing and terms of equity awards or for the purpose of affecting the value of executive compensation. Our Compensation Committee generally approves annual equity awards in the first quarter of the new fiscal year, which allows the Compensation Committee to review and consider the Company’s financial results from the prior fiscal year when making grants. Other than grants made in connection with hiring, promotions and retention, equity awards are generally granted to NEOs at the same time that equity awards are granted to all other employees who are eligible for such awards.
Award Timing Predetermined true
Award Timing MNPI Considered false
MNPI Disclosure Timed for Compensation Value false
v3.25.1
Insider Trading Policies and Procedures
 12 Months Ended
Mar. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true