Five9 extends key employee severance plan by one year; no benefit changes

Five9, Inc.

Compensation Committee approved one-year extension of KESP through April 4, 2025.
Benefits for participating executives unchanged; includes cash severance, COBRA premiums, and double-trigger equity vesting.
Named executive officers covered: CEO Michael Burkland (Tier 1), CFO Barry Zwarenstein (Tier 2), President/COO/EVP (Tier 3).
KESP was set to expire April 4, 2024; extension maintains same levels and multipliers as prior plan.
Severance multipliers unchanged: Tier 1: 12/18 mo., Tier 2: 9/15, Tier 3: 6/12, Tier 4: 4/6.

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