Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On August 18, 2022, JELD-WEN Holding, Inc. (the "Company") entered into a Departure and Release Agreement with David Guernsey, EVP, Strategic Programs. Mr. Guernsey will transition his responsibilities over the next 30 days and his last day with the Company will be on September 16, 2022. Mr. Guernsey will be available on a consultation basis for one year after his departure, and in exchange, the restricted stock units and performance stock units granted to him on February 11, 2020 will vest in accordance with the terms of such restricted stock units and performance stock units (based on actual performance), as applicable, on February 11, 2023 as if he were still employed by the Company.

In connection with his departure, Mr. Guernsey will receive the separation payments and benefits provided under his employment agreement for a qualifying termination. Additionally, he will receive a lump sum cash payment equivalent to 12 months of COBRA coverage and outplacement services. Mr. Guernsey will continue to be subject to certain restrictive covenants, including non-competition and non-solicitation covenants.

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