Dollar Tree said it entered into a letter agreement on May 9, 2024 with Richard McNeely, its Chief Merchandising Officer – Dollar Tree. The company said the agreement is meant to keep Mr. McNeely employed in support of its strategic initiatives for its Dollar Tree stores.

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   Dollar Tree said it entered into a letter agreement on May 9, 2024 with Richard McNeely, its Chief Merchandising Officer – Dollar Tree. The company said the agreement is meant to keep Mr. McNeely employed in support of its strategic initiatives for its Dollar Tree stores.

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   The company said that if McNeely remains employed through the date the incentive awards are made in 2026, he will receive a 2026 incentive award at the same time, in the same form, and subject to the same performance conditions as the awards expected to be made to other executive vice presidents.

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   The company said Mr. McNeely's 2026 incentive awards will not be subject to early forfeiture if he retires before any vesting period assigned to them. It said the awards have not yet been granted.

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   The company said the value and specific terms of the 2026 incentive awards, and the value of the continued vesting provision in the letter agreement, cannot be determined at this time. Dollar Tree said it attached the letter agreement dated May 9, 2024 as Exhibit 10.1 to the filing.

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