Ulta Beauty Adopts Executive Severance Plan for Non-Change-in-Control Terminations
Ulta Beauty adopted an Executive Severance Plan on December 15, 2025, providing severance to executive officers after involuntary terminations without cause, except terminations tied to a change in control. The company's 2017 change-in-control plan remains in effect and the new plan replaces other executive severance arrangements, which sets a standard benefit structure for executives but reports no financial figures for shareholders.
Key points
- Severance equals two times base salary, paid bi-weekly over 24 months, plus one times the lower of target or actual annual bonus, paid as a lump sum.
- Company-paid COBRA premiums cover up to 12 months after termination; payments require a general release and compliance with restrictive covenants for 24 months.
- The Severance Plan replaces prior individual letters and plans, except the Executive Change in Control and Severance Plan dated March 24, 2017.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.