Virgin Galactic Holdings (NYSE: SPCE) amended employment agreements for two executives on April 21, 2026, according to a regulatory filing.

The company modified agreements for Chief Financial Officer Douglas Ahrens and Chief People Officer Aparna Chitale. The amendments affect severance terms and benefits under specific termination scenarios.

Under the changes, both executives will receive any earned but unpaid annual bonus from the year prior to termination in qualifying termination situations. A qualifying termination refers to dismissal by the company without cause or resignation by the executive for good reason, as defined in their employment agreements.

For terminations occurring within 24 months of a change in control, Ahrens' cash severance multiplier increased from 1.0 to 1.5. Both executives will receive company-subsidized healthcare coverage extended from 12 to 18 months under such circumstances.

The amendments were entered into by Virgin Galactic Holdings and Galactic Co., LLC. Complete details of the modifications are included in exhibits filed with the company's Form 8-K regulatory submission.