Ulta Beauty's former CFO Paula Oyibo signs separation agreement with severance terms
Ulta Beauty disclosed a Separation and Release Agreement, dated July 21, 2025, with former Chief Financial Officer Paula Oyibo, who left the company effective June 24, 2025. The filing sets out severance benefits, a 24-month restrictive covenant period, and forfeiture of her unvested equity awards, which matters to shareholders because it defines the cost and conditions of the CFO transition.
Key points
- Separation Date was June 24, 2025; the agreement was entered into on July 21, 2025.
- Severance includes two years of annual base salary of $754,000 per year, payable over two years.
- A lump sum equal to her fiscal 2025 annual cash bonus at target, or 100% of base salary, plus up to 18 months of company-paid health care.
- Outstanding unvested equity awards were forfeited; benefits are conditioned on a general release and 24 months of restrictive covenants.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits 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 July 25, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.