Five Below Inc. has reached a separation agreement with former executive George S. Hill following the cessation of his employment on February 3, 2026. Under the terms, Mr. Hill will receive a lump-sum payment of $700,000, equivalent to twelve months of his base salary, and an additional $20,000 to offset group healthcare continuation coverage costs. He will also provide transition advisory services for 90 days, for which he will receive a payout of his fiscal 2025 short-term incentive award based on company performance, along with further cash payments totaling $32,048 to cover healthcare and outplacement service costs. In addition, Mr. Hill will continue to vest in 3,269 restricted stock units scheduled to vest in March 2026. The agreement includes standard cooperation, non-disparagement, and reaffirmation of non-solicitation, non-competition, and confidentiality provisions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Five Below Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-042901), on February 09, 2026, and is solely responsible for the information contained therein.