---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-042901"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2026-02-09T23:59:59+00:00"
generated_at: "2026-05-16T03:51:45.292905+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-042901
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2026-02-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000119312526042901/0001193125-26-042901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000119312526042901/d25218d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-042901
- JSON: https://secwatch.observer/filing/0001193125-26-042901.json
- Plain text: https://secwatch.observer/filing/0001193125-26-042901.txt

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