NIKE Appoints Alexandre Arnault to Board of Directors with $200K Sign-On Restricted Stock Grant

Overview & Event Summary

On September 16, 2026, NIKE, Inc. filed a Current Report on Form 8-K under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) and Item 7.01 (Regulation FD Disclosure).

Effective September 15, 2026, the Board of Directors expanded its size to twelve members and appointed Alexandre Arnault as a director for an initial term expiring at NIKE's 2027 annual meeting of shareholders. Committee assignments have not yet been determined.

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Executive & Director Background

• Alexandre Arnault (Age 34) currently serves as Deputy CEO of Moët Hennessy (since February 2025) and as a director on the board of LVMH Moët Hennessy Louis Vuitton SE (since April 2024).
• Previously served as Executive Vice President of Products and Communications at Tiffany & Co. (January 2021 – February 2025) and CEO of RIMOWA (October 2016 – December 2020).
• Previous directorships include Birkenstock Holding plc, Carrefour SA, and Moncler S.p.A.

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Compensation Details

• Sign-On Equity Award: Granted restricted shares of NIKE Class B Common Stock valued at $200,000 on September 15, 2026.
• Vesting / Forfeiture: Subject to forfeiture if directorship ceases prior to the first anniversary of the grant date.
• Ongoing Retainers: Will participate in the standard non-employee director compensation program as described in the Company's 2026 Proxy Statement.

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Governance & Related Party Disclosures

• There are no arrangements, understandings, or family relationships between Mr. Arnault and any other officer or director.
• No reportable Item 404(a) related party transactions exist between Mr. Arnault and NIKE, Inc.