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KBR raises non-CEO severance multiple to 1.5x in amended change-in-control agreements

PUBT·07/10/2026 20:31:56
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KBR raises non-CEO severance multiple to 1.5x in amended change-in-control agreements
  • KBR on July 10, 2026 replaced existing severance and change-in-control agreements for key executives with amended and restated versions.
  • Cash severance multiple for executives other than the CEO increased to 1.5x base salary plus target bonus.
  • “Good Reason” expanded to cover material pay cuts, reduced duties, contract breaches, or relocations beyond 50 miles.
  • “Cause” tightened, with added notice and cure mechanics in change-in-control terminations; strategy disputes or missed targets excluded.
  • Retirement terms reset to objective age-service thresholds; RSU treatment shifted to pro-rata vesting on retirement.


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. KBR 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: 0001357615-26-000157), on July 10, 2026, and is solely responsible for the information contained therein.