---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-192866"
form_type: "8-K/A"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:22:27.913903+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-192866
- form_type: 8-K/A
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000119312524192866/0001193125-24-192866-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000119312524192866/d874443d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-192866
- JSON: https://secwatch.observer/filing/0001193125-24-192866.json
- Plain text: https://secwatch.observer/filing/0001193125-24-192866.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.