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Whirlpool Corporation filed a current report describing the finalized separation terms for James Peters, its former Executive Vice President, Chief Financial and Administrative Officer and President, Whirlpool Asia. His employment ended on March 30, 2026 under a Waiver and Release Agreement.
Under this agreement, Mr. Peters will receive $3,046,500 in severance, paid in two installments, with the second scheduled for March 2027. He remains eligible for a prorated 2026 annual incentive based on Company performance and for vesting of 20,000 restricted stock units on March 1, 2028. These benefits depend on his waiver of claims, adherence to two-year restrictive covenants, and an ongoing cooperation obligation.
The Vanguard Group amended its Schedule 13G/A to report zero beneficial ownership of Whirlpool Corp common stock. The filing explains that on January 12, 2026 The Vanguard Group, Inc. implemented an internal realignment and certain subsidiaries/business divisions will report disaggregated holdings in reliance on SEC Release No. 34-39538 (January 12, 1998). The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
Whirlpool Corporation reported that Executive Vice President James Peters has decided to resign from the company effective March 30, 2026. He had previously stepped down as Chief Financial Officer and President, Whirlpool Asia effective December 31, 2025 as part of the company’s ongoing talent planning process.
Whirlpool also reminded investors that it routinely shares important information in the Investors section of its website, including a Hot Topics Q&A area that may be used for material disclosures under Regulation FD, in addition to its press releases and other public communications.