Five Below adjusts interim CEO Bull's salary to $825k, grants retention awards totaling ~$4M

FIVE BELOW, INC

Kenneth Bull's base salary increased to $825,000 effective July 28, 2024.
Bull receives special retention award valued at $2M (20% cash, 80% in RSUs).
Bull also granted special PRSU award with target value $1M, based on performance in Q4 FY2024 and first two quarters FY2025.
Thomas Vellios gets special RSU award valued at $2M vesting in one year, plus up to $500k expense reimbursement.
Board approved similar retention awards for other key employees including named executive officers.

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