Advantage Solutions expands executive severance benefits tied to change in control
ADV•Advantage Solutions amended four executives’ employment agreements on October 30, 2026, expanding severance benefits for qualifying terminations tied to a change in control.
1. Expanded benefits
The amendments provide CEO David Peacock with a lump-sum payment equal to twice his target annual bonus, in addition to existing severance benefits. Christopher Growe and Jeffrey Harsh receive 18 months of salary continuation, a lump-sum bonus equal to 1.5 times target, and 18 months of COBRA coverage; Michael Taylor receives 1.5 times base salary and target annual bonus over 18 months, with a prorated bonus based on actual results.
2. Equity vesting
All four executives receive 100% accelerated vesting of time-based equity. For grants made before October 30, qualifying termination must occur within 24 months after a change in control.
