e.l.f. Beauty, Inc. — Form 10-Q

e.l.f. Beauty adopted a new 2026 Equity Award Retirement and Death Policy effective June 1, 2026, superseding the prior 2024/2025 policy. The policy governs vesting of RSUs and PSUs for retirement-eligible employees (age 55+, 5+ years service, age+service ≥65) and employees terminating due to death. Key terms: retiring employees receive full RSU vesting on retirement date (if granted 6+ months prior); PSU vesting remains tied to performance metrics through original vesting dates; non-compete restrictions apply post-retirement to PSUs (forfeiture if employee joins competitor). No specific dollar amounts, share counts, or valuation impacts disclosed.