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  "documentTitle": "Affirm | Investor Day Presentation Deck | 98 slides",
  "authorId": "affirm",
  "authorName": "Affirm",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "FY'21A: CEO Value Creation Award $103, Employee Stock Compensation $219; FY'22A: CEO Value Creation Award $141, Employee Stock Compensation $250; FY'23A: CEO Value Creation Award $95, Employee Stock Compensation $357; FY'24P: CEO Value Creation Award $65, Employee Stock Compensation TBD; FY'25P: CEO Value Creation Award $35, Employee Stock Compensation TBD; FY'26P: CEO Value Creation Award $12, Employee Stock Compensation TBD",
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      "kind": "list",
      "text": "Conclusion: Unless Affirm's share price exceeds $132, annual SBC dilution is expected to be <= 3% over medium-term",
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      "text": "Employee Stock-Based Compensation: Comprised of RSUs and stock options; We establish an annual dilution target¹; We expect <= 5% annual dilution in the near-term, and <= 3% over the medium-term",
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      "text": "CEO Value Creation Award: 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 $132 per share",
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      "text": "¹Annual dilution as measured by the annual percentage change in basic share count.",
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      "text": "$ million unless otherwise indicated",
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