Research Reports

Key takeaways

John O’Connor, General Counsel, left the Company effective immediately as previously disclosed on March 30, 2026.

Separation Agreement dated April 3, 2026, outlines terms of his departure.

O’Connor to provide consulting services effective March 29, 2026 through September 30, 2026 for transition.

Consulting fees equal to six months of base salary, subject to covenant compliance.

Continued vesting of outstanding equity awards during consulting period.

Stipend to offset six months of COBRA coverage expenses.

Full analysis

The amendment discloses details of General Counsel John O’Connor’s separation following his immediate departure announced on March 30, 2026. The Separation Agreement, dated April 3, 2026, arranges for his consulting services starting retroactively from March 29, 2026, until September 30, 2026, to ensure a smooth handover of responsibilities. Compensation includes six months of base salary as fees, continued equity vesting, and COBRA support, contingent on compliance with covenants. This structured exit minimizes disruption in legal leadership while providing retention incentives through the transition period. The agreement will be filed as an exhibit to the Q2 2026 10-Q.

GSHD · Goosehead Insurance, Inc

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