Dollar Tree appoints Richard Dreiling as Executive Chairman; grants 2.25M share option at $157.17

DOLLAR TREE, INC.

Richard W. Dreiling, former Dollar General CEO, appointed Executive Chairman effective March 16, 2022, under a five-year employment agreement.
Base salary of at least $1 million per year, but no annual or long-term incentive awards; over 95% of compensation is at-risk option.
One-time option grant of 2,252,587 shares at $157.17 per share (closing price on March 18, 2022), vesting equally over five years.
Option aligns with long-term shareholder value; no vesting solely on change in control; forfeiture on voluntary resignation except 30-day exercise.
The award is an inducement grant under Nasdaq Rule 5635(c)(4); Dreiling previously led Dollar General from 2008 to 2015.

item 5.02 item 7.01 item 9.01

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Appointed

Richard W. Dreiling

Executive Chairman

DLTR · DOLLAR TREE, INC.

Effective: 2022-03-16
Filed: March 21, 2022, 7:59 PM ET

Richard W. Dreiling, age 68, was appointed as Executive Chairman and as a director of Dollar Tree, Inc. (the “Company” or “Dollar Tree”) effective as of March 16, 2022

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Executive change SEC 8-K Item 5.02 confidence 1.0

Richard W. Dreiling was appointed as Executive Chairman at DOLLAR TREE, INC..

Action: appointed
Role: Executive Chairman

Exact text from the filing

Richard W. Dreiling, age 68, was appointed as Executive Chairman and as a director of Dollar Tree, Inc. (the “Company” or “Dollar Tree”) effective as of March 16, 2022

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Source: SEC EDGAR

accession 0000935703-22-000025

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