Management ChangeMay 8, 2026, 05:22 PM
POOL CORP Discloses CEO Arvan's Separation Agreement Terms
AI Summary
POOL CORP filed an amendment to its previous 8-K, providing details of the separation agreement with former President and CEO Peter D. Arvan. Under the agreement, Mr. Arvan will receive 54 weeks of base salary and 12 months of health insurance premium reimbursement. He is also eligible to continue vesting up to 55,156 performance-based restricted stock awards and 21,870 restricted stock awards, contingent on compliance with non-competition and other post-termination obligations. The agreement includes customary waiver, release, confidentiality, and non-disparagement provisions, with payments subject to the Company’s Clawback Policy.
Key Highlights
- Peter D. Arvan ceased serving as President and CEO effective May 4, 2026.
- To receive 54 weeks of base salary following termination.
- Entitled to 12 months of health insurance premium reimbursement.
- Eligible to vest up to 55,156 performance-based restricted stock awards.
- Eligible to vest up to 21,870 restricted stock awards.
- Benefits are conditioned on non-competition and general release of claims.
- Payments are subject to the Company’s compensation Clawback Policy.
Price Impact
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