KBR amends severance agreements for executives; increases cash severance multiple to 1.5x for non-CEO officers

KBR, INC.

Cash severance multiple for non-CEO executives increased from 1.0x to 1.5x (base salary + target bonus).
Good Reason definition expanded: material diminution of base compensation, authority/duties, or relocation >50 miles.
Cause definition clarified: excludes strategy disagreements, performance failures; includes 10-day cure period.
Retirement eligibility: age+service >=70, age>=55, 5 years service, 6 months notice required.
RSU vesting upon retirement changed to pro-rata; Galindo agreement adds pro-rata bonus and equity vesting.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.