Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 16, 2022, the Board of Directors of JELD-WEN Holding, Inc. (the "Company"), upon the recommendation of the Compensation Committee of the Board, adopted the JELD-WEN Deferred Compensation Plan (the "Plan"). The Plan is an unfunded, unsecured nonqualified deferred compensation plan that allows participants to defer cash and stock compensation in a manner intended to comply with Section 409A of the Internal Revenue Code of 1986. Members of the Board, officers and other highly compensated employees are eligible to participate in the Plan. Participation is voluntary.

Employee participants may elect to defer up to: 80% of their base salary; 100% of any performance-based or other cash bonuses; and 100% of service- or performance-based stock unit awards. Board members may elect to defer up to 100% of their director fees and stock unit awards. Cash amounts credited to a participant's account will be notionally invested in one or more investment funds chosen by the participant.

Distributions under the Plan will generally be paid in a lump sum or in up to ten annual installments, as elected by the participant, upon the participant's separation from service. Participants may also elect in-service distributions of their deferrals of base salary, bonuses and director fees to occur on a fixed date, either in a lump sum or in up to five annual installments; however, if a participant separates from service prior to the fixed date, the in-service distribution election will become void and payment will be made on account of the separation from service as described above. In the event of the participant's death or disability, distribution will be made in a lump sum payment (to the participant's beneficiary in the case of death).

All distributions with respect to cash deferrals are paid in cash. Cash payments under the Plan are expected to be made from the general assets of the Company, although the Company may establish a trust as a reserve for the benefits payable under the Plan. Deferred stock units will settle in shares of the Company's Common Stock, issued pursuant to the Company's stock incentive plans in effect from time to time.

In its discretion the Company may credit one or more additional contributions to participant accounts-including credits meant to restore the benefits participants lose in tax-qualified retirement plans due to tax law limitations, and other discretionary credits.

Participants will be fully vested at all times in their cash elective deferrals and any Company discretionary restoration credits. Participants vest in stock unit deferrals according to the vesting schedule of the original stock unit award under the relevant stock incentive plan. Discretionary credits from the Company other than restoration credits will vest according to a vesting schedule established by the Plan administrator, but will vest in full upon the earlier of the participant attaining 65 years of age or the participant's death or disability.

The foregoing summary of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan, a copy of which is filed herewith as Exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.


Exhibit No.                                           Description

        10.1+            The JELD-WEN Deferred Compensation Plan, effective April 1, 2022
         104           Cover Page Interactive Data file (formatted as Inline XBRL).
          +            Indicates management contract or compensatory plan.

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