Vera Bradley, Inc. 8K

Vera Bradley Designs, Inc. adopted an executive severance agreement with Martin Layding providing defined cash, equity, and benefit protections upon certain terminations, including in connection with a change in control, in exchange for restrictive covenants.

On July 24, 2026, Vera Bradley Designs, Inc., an affiliate of Vera Bradley, Inc., entered into an Executive Severance Plan Agreement with executive Martin Layding, establishing a severance framework through at least March 31, 2029 that provides 12 months of base salary, prior-year and prorated current-year bonuses, up to 12 months of COBRA premium payments, and specified vesting of restricted stock units upon a termination without cause or resignation for good reason, with an additional six months of base salary if such a qualifying termination occurs within a defined change-in-control protection period; the agreement also imposes post-employment restrictive covenants, including a 12‑month limited non-compete against named competitors, non-solicitation of clients, employees, and vendors, confidentiality, and non‑disparagement obligations, and includes standard tax, Section 280G and 409A, and successor provisions.

Filing Facts

CIK

1495320

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-049595

Alert Tier

5