ICON PLC

8. Restructuring

In thenine months ended September 30, 2026, restructuring and related costs of$49.1 million were recorded in the Condensed Consolidated Statements of Operations consisting of (1) a workforce reduction costs of$32.5 million included in restructuring with, (2) a further $9.2 million of accelerated amortization of right-of-use assets and related contract costs to optimize the Company's office footprint which isrecorded within selling, general and administrative expenses in addition to related accelerated depreciation of $7.4 million recorded within depreciation and amortization of intangible assets.

In thenine months ended September 30, 2025 a$82.3 million restructuring charge was recorded, which reflected a workforce reduction of$75.6 million andan office consolidation program to optimize the Company's office footprint of$6.7 million, being the impairment of operating right-off-use assets and related property plant and equipment of$5.6 million and onerous contract costs of $1.1 million.

*The costs for the three months ended and nine months ended September 30, 2026 include an $8.2 million charge relating to accelerated amortization of operating right-of-use assets and a $1.0 million charge on related contract costs recorded within selling, general and administrative expenses, in addition to an accelerated depreciation charge on related property plant and equipment of $7.4 million which was recorded within depreciation and amortization of intangible assets in Condensed Consolidated Statements of Operations.

At September 30, 2026, a total liability of $13.8 million (December 31, 2025: $12.5 million) was recorded on the Condensed Consolidated Balance Sheets relating to restructuring activities.

**The charge, net for thenine months ended September 30, 2026 reflects the workforce reduction of$32.5 million (December 31, 2025:$74.6 million) andrestructuring related contract costs of$1.0 million (December 31, 2025:$0.8 million).

The closing provision as of September 30, 2026 of$13.8 million (December 31, 2025: $12.5 million) reflects:

(1)$11.0 million (December 31, 2025: $9.1 million) of personnel related liabilities as a result of the workforce reduction; all of which have been classified as current within Other Liabilities, and

(2)$2.8 million (December 31, 2025: $3.4 million) of facilities related liabilitiesof which $0.9 million (December 31, 2025: $1.3 million) is included within Other Liabilities and $1.9 million (December 31, 2025: $2.1 million) is included within Non-Current Other Liabilities.