What changed
Schroeder will continue as President, International through December 31, 2026, then serve in an advisory capacity until February 15, 2027. He will receive no cash severance, will vest in prorated portions of his fiscal 2025 and 2026 equity awards except his February 2026 supplemental incentive stock option awards, and has until the third anniversary of his separation date to exercise outstanding stock options. He remains eligible for a prorated fiscal 2027 annual incentive award based on actual performance. Non-compete and non-solicitation restrictions apply for one year after separation.
Why it matters
Schroeder will continue as President, International through December 31, 2026, then serve in an advisory capacity until February 15, 2027. He will receive no cash severance, will vest in prorated port
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Oct 07, 2026 06:07 PM ET