Ross Stores, Inc. (ROST)

William W. Sheehan II — Employment Agreement | Initial term through March 31, 2029, subject to renewal.; Base salary of $775,000 per year.; Annual incentive cash bonus with a target of 75% of salary.; Restricted stock award with a notional value of $1,200,000, vesting 100% on September 14, 2029.; Includes provisions for severance benefits, including in the event of termination in conjunction with a change of control.; Includes non-solicitation of Company employees and business counterparties, non-disparagement, protection of Company confidential information, potential recoupment of performance-based compensation if financial results are restated, and arbitration of disputes.; Reimbursement of certain estate planning costs, participation in benefit plans, and paid vacation days on substantially similar terms to other senior executive officers.

Adam Orvos — Retirement | Planned retirement from role as Chief Financial Officer and employment with the Company.; Retirement effective September 30, 2025.

William W. Sheehan II — Appointment | Appointed as Deputy Chief Financial Officer.; Effective February 16, 2025.; Expected to succeed Adam Orvos as Chief Financial Officer on or about October 1, 2025.; Continues to serve as Group Senior Vice President, Finance (held since March 2021).; Previously served as Senior Vice President, Finance since 2017.; Joined the Company in 2006.; Age 56.