Advantage Solutions Amends Executive Contracts for CEO, CFO, COO, and Retail Services COO

On October 30, 2026, Advantage Solutions Inc. entered into second amended and restated employment agreements with several of its top executives. The agreements, which became effective on that date, modify the terms regarding severance benefits and equity awards in the event of a change in control.

The company amended the employment agreement for Chief Executive Officer David Peacock. Under the new terms, if Mr. Peacock experiences a Change in Control Qualifying Termination, he is entitled to a lump sum payment equal to two times his target annual bonus and 100% accelerated vesting of all outstanding time-based equity awards.

Chief Financial Officer Christopher Growe also signed a second amended and restated agreement. In the event of a Change in Control Qualifying Termination, Mr. Growe is entitled to continued base salary payments for 18 months, employer-paid COBRA coverage for 18 months, a lump sum payment equal to 1.5 times his target annual bonus, and 100% accelerated vesting of his equity awards. He also received an 18-month post-termination exercise period for his outstanding stock options.

Chief Operating Officer of Branded Services Jeffrey Harsh signed an amended and restated employment letter agreement. This agreement provides for 18 months of continued base salary, 18 months of employer-paid COBRA coverage, a lump sum payment equal to 1.5 times his target annual bonus, and accelerated vesting of equity awards. Mr. Harsh also received an 18-month post-termination exercise period for his stock options.

Chief Operating Officer of Retailer Services and Activation Michael Taylor signed an amended and restated employment letter agreement. The agreement extends his employer-paid COBRA coverage from nine months to 12 months. In the event of a Change in Control Qualifying Termination, Mr. Taylor is entitled to a payment equal to 1.5 times his base salary and target annual bonus, payable over 18 months, a pro-rated annual bonus for the year of termination, outplacement services, 18 months of COBRA coverage, and accelerated vesting of equity awards with an 18-month post-termination exercise period.

For all agreements, a "Change in Control Qualifying Termination" is defined as a termination without cause or for good reason that occurs within 24 months of a change in control, or a termination that occurs within six months prior to a change in control and is connected to the potential transaction.