Global Business Travel Group Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 12, 2026 (
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| ITEM 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 12, 2026, Global Business Travel Group, Inc. (the “Company”) announced that the employment of Mr. John David Thompson, the Company’s EVP, Chief Technology Officer, will terminate on May 31, 2026 (the “Departure Date”). Upon Mr. Thompson’s departure, his responsibilities will be allocated to other members of the senior leadership team.
In connection with Mr. Thompson’s departure, the Compensation Committee of the Company’s Board of Directors approved on May 6, 2026, and Mr. Thompson and the Company entered into on May 7, 2026, a separation and release agreement that includes a general release of claims (the “Executive Release of Claims”). Subject to Mr. Thompson’s employment through the Departure Date, his timely re-execution and non-revocation of the Executive Release of Claims following the Departure Date and his ongoing compliance with his existing non-competition, non-solicitation, confidentiality, and related restrictive covenants, (i) Mr. Thompson is eligible to receive severance benefits under the Severance Protection Agreement, dated November 29, 2021, by and between GBT US LLC, a wholly owned subsidiary of the Company, and Mr. Thompson, (ii) Mr. Thompson’s outstanding restricted stock units and performance stock units granted under the Company’s 2022 Equity Incentive Plan will remain outstanding and be treated as if he remained employed through and terminated effective as of November 30, 2026 (or such later date as may be mutually agreed by the Company and Mr. Thompson), and (iii) Mr. Thompson’s stock options granted under the Company’s 2022 Equity Incentive Plan and Management Incentive Plan will be treated in accordance with the terms of such plans, except that the stock options granted to Mr. Thompson on or prior to December 2, 2021 will remain outstanding and exercisable through the later of (i) the last day of the post-termination exercise period applicable to such stock option in connection with a termination without cause (as set forth in such plans) or (ii) November 30, 2026 (or such later date as may be mutually agreed by the Company and Mr. Thompson), unless earlier settled or forfeited in accordance with their terms.
| ITEM 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 10.1^ | Severance Protection Agreement, dated November 29, 2021, by and between GBT US LLC and John David Thompson. | |
| 10.2^ | Executive Release of Claims, dated as of May 7, 2026, by and between GBT US LLC and John David Thompson. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
^ Certain portions of these Exhibits have been omitted in accordance with Regulation S-K Item 601.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Global Business Travel Group, Inc. | ||
| Date: May 12, 2026 | By: | /s/ Eric J. Bock |
| Name: | Eric J. Bock | |
| Title: | Chief Legal Officer, Global Head of M&A and Compliance and Corporate Secretary | |
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