Lincoln Electric adopts new Executive Severance Plan effective Nov 1, 2025

LINCOLN ELECTRIC HOLDINGS INC

Replaces existing CIC severance agreements; CEO Steven Hedlund gets 2x base salary pre-CIC, 3x post-CIC.
Tier 2 (CFO Gabriel Bruno, GC Jennifer Ansberry) get 1x base pre-CIC, 2x post-CIC; Tier 3 get 0.75x/1x.
Benefits include cash severance, prorated bonus, COBRA coverage, and outplacement (post-CIC only).
Plan effective Nov 1, 2025; requires release of claims and compliance with restrictive covenants.

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