Five Below executive George Hill departs; receives $700K severance, RSU vesting

FIVE BELOW, INC

George S. Hill's employment ceased Feb 3, 2026; separation agreement signed Feb 8, 2026.
Severance: $700K lump sum (12 months base salary) plus $20K COBRA offset.
Transition services for 90 days: additional $22,048 COBRA offset, $10K outplacement, 2025 STI payout based on actual performance.
3,269 RSUs scheduled to vest March 2026 will continue vesting during transition.
Hill must cooperate in pending securities class action litigation; reaffirms non-compete and non-solicitation covenants.

item 5.02item 9.01

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