MiniMed adopts new executive severance plans: 2x pay on non-CIC termination, 3x on CIC

MiniMed Group, Inc.

Severance Plan for Executives provides lump sum equal to 2x base salary plus target annual bonus, plus 24 months COBRA on non-CIC termination.
Change of Control Severance Plan pays 3x base salary plus highest annual bonus, plus continued benefits for 3 years.
Plans cover named executive officers; equity vesting not continued except for retirement-eligible participants.
Plans effective March 23, 2026; excise tax gross-up reduced to better net-after-tax position if triggered.

item 5.02

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