Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when WHR files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsWhirlpool finalizes $3M severance for departing Executive VP Alessandro Perucchetti
Filed April 3, 2026 · Period ending March 31, 2026 · ~1 min read
Key Changes
-
medium
Former Executive VP Alessandro Perucchetti's employment officially ended March 31, 2026, with $3 million severance paid in two installments (first within 30 days, second in March 2027).
Item 5.02 verify on EDGAR → -
low
Perucchetti remains eligible for a prorated 2026 bonus based on company performance, to be determined by the Board in February 2027, potentially increasing total exit compensation.
Item 5.02 verify on EDGAR → -
low
Severance is contingent on Perucchetti waiving all claims, complying with two-year restrictive covenants (non-compete/non-solicitation), and providing ongoing cooperation.
Item 5.02 verify on EDGAR →
Summary
Whirlpool formalized the departure of Alessandro Perucchetti, who stepped down from his Executive Vice President role on January 1, 2026. His employment officially terminated March 31, 2026, under a waiver and release agreement that provides $3 million in severance split across two payments.
The agreement includes standard executive separation protections: Perucchetti must waive all claims against the company and comply with two-year restrictive covenants preventing him from competing or soliciting employees. For retail investors, this represents a routine executive transition cost with modest financial impact. The $3 million severance is typical for an executive of this level at a Fortune 500 company.
Perucchetti's eligibility for a prorated 2026 bonus means his final compensation depends on Whirlpool's performance this year, aligning his interests with shareholders through his departure. Watch for the February 2027 proxy statement, which will disclose the final bonus amount and provide context on whether this departure was part of broader restructuring or an isolated event.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
He will be eligible to receive a prorated annual incentive award under the 2026 Executive Performance Excellence Plan based on his target award percentage and 2026 Company performance as determined by the Human Resources Committee of the Board of Directors in February 2027.
In addition to severance, Perucchetti remains eligible for a prorated 2026 annual bonus based on company performance, to be determined by the Board's Human Resources Committee in February 2027. This means his total compensation could exceed the stated severance amount depending on 2026 results.
Event · Item 9.01 — Financial Statements and Exhibits
Whirlpool executed a waiver and release agreement with Alessandro Perucchetti on March 31, 2026.
Added in current filing · verify on EDGAR →
Waiver and Release Agreement Executed March 31, 2026 by and between the Company and Alessandro Perucchetti
Whirlpool entered into a waiver and release agreement with Alessandro Perucchetti on March 31, 2026. Such agreements typically accompany executive departures or settlements and involve mutual releases of claims. The filing does not disclose the terms, consideration, or context of this agreement.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify