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Walgreens Boots Alliance | 8-K: Current report

SEC announcement · Mar 28 17:00

WBA +0.49%

Summary by Moomoo AI

Walgreens Boots Alliance, Inc. (WBA) has announced the retirement of John Driscoll, the company's Executive Vice President and President of U.S. Healthcare. The retirement is set to take effect around April 1, 2024. In preparation for his departure, Walgreens Boots Alliance entered into a separation and consulting agreement with Driscoll on March 27, 2024. Under this agreement, Driscoll will provide consulting services for approximately 15 hours per week until November 1, 2024, for which he will receive a monthly payment of $40,000. Additionally, Driscoll's equity awards will continue to vest as scheduled, and he will be eligible for a pro-rated fiscal 2024 annual bonus. Following the end of the consulting term, he will receive retirement vesting treatment for his outstanding equity awards as outlined in the company's Proxy Statement filed on December 8, 2023. The details of the agreement are fully described in the Driscoll Consulting Agreement, which is attached to the company's recent SEC filing as Exhibit 10.1.

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