secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2026-02-09T23:59:59+00:00
Accession:  0001193125-26-042901
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000119312526042901/0001193125-26-042901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000119312526042901/d25218d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-042901

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer