leadership
confidence high
sentiment neutral
materiality 0.40
Littelfuse EVP, Chief Legal Officer Ryan Stafford to depart April 30, 2026; severance includes $1.69M lump sum
LITTELFUSE INC /DE
- Separation agreed Jan 7, 2026; effective April 30, 2026; Stafford resigns as EVP M&A, CLO, Corporate Secretary.
- Lump sum payment of $1,691,682 under Executive Severance Policy within 60 days after separation.
- Accelerated vesting of 50% of RSUs granted Jan 23, 2025; remaining 50% forfeited.
- Prorated 2026 annual bonus; up to $12,000 financial planning reimbursement; 18 months COBRA subsidy.
- Confidentiality, noncompete, and nonsolicitation covenants remain in full force.
item 5.02item 9.01