---
schema_version: "secwatch.filing_event.v1"
accession: "0002015845-24-000026"
form_type: "8-K"
ticker: "ECG"
cik: "0002015845"
company_name: "Everus Construction Group, Inc."
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T20:09:06.564385+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Everus Construction Group adopts change-in-control severance plan for key executives

## Summary
- Plan covers CEO, CFO, COO, CLO, CAO and other executive officers.
- CEO Jeffrey Thiede qualifies for 3x base salary + target bonus; other named executives get 2x each.
- Triggered by termination without cause or for good reason within 2 years after a change in control.
- Participants must sign release and comply with 1-year non-compete and non-solicit covenants.
- Includes golden parachute excise tax reduction provision to optimize after-tax retention.

## SEC filing metadata
- accession: 0002015845-24-000026
- form_type: 8-K
- ticker: ECG
- cik: 0002015845
- company_name: Everus Construction Group, Inc.
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2015845/000201584524000026/0002015845-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2015845/000201584524000026/ecg-20241121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002015845-24-000026
- JSON: https://secwatch.observer/filing/0002015845-24-000026.json
- Plain text: https://secwatch.observer/filing/0002015845-24-000026.txt

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