Fossil Group, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4)
Fossil Group (NASDAQ: FOSL) announced equity awards as inducement grants for three newly appointed executives. The company is granting restricted stock units (RSUs) to:
- Antonio Carriero (Chief Digital Information Officer and GM EMEA): 100,000 RSUs
- Joe Martin (Chief Commercial Officer): 129,581 RSUs
- Randy Greben (Chief Financial Officer): 150,000 RSUs
The RSUs, effective April 15, 2025, will vest in three equal installments on the first, second, and third anniversaries of the grant date, contingent on continuous employment. These inducement awards were approved by the Compensation and Talent Management Committee on March 4, 2025, in compliance with Nasdaq Listing Rule 5635(c)(4), and were granted outside the company's equity incentive plan.
Fossil Group (NASDAQ: FOSL) ha annunciato l'assegnazione di premi azionari come incentivi per tre dirigenti appena nominati. La società concede unità azionarie vincolate (RSU) a:
- Antonio Carriero (Chief Digital Information Officer e GM EMEA): 100.000 RSU
- Joe Martin (Chief Commercial Officer): 129.581 RSU
- Randy Greben (Chief Financial Officer): 150.000 RSU
Le RSU, con decorrenza dal 15 aprile 2025, matureranno in tre tranche uguali al primo, secondo e terzo anniversario della data di assegnazione, a condizione di permanenza in servizio continuativa. Questi premi incentivanti sono stati approvati dal Comitato per la Remunerazione e la Gestione dei Talenti il 4 marzo 2025, in conformità con la Regola di quotazione Nasdaq 5635(c)(4), e sono stati concessi al di fuori del piano di incentivi azionari della società.
Fossil Group (NASDAQ: FOSL) anunció concesiones de acciones como incentivos para tres ejecutivos recién nombrados. La compañía está otorgando unidades de acciones restringidas (RSU) a:
- Antonio Carriero (Director de Información Digital y GM EMEA): 100,000 RSU
- Joe Martin (Director Comercial): 129,581 RSU
- Randy Greben (Director Financiero): 150,000 RSU
Las RSU, vigentes a partir del 15 de abril de 2025, se consolidarán en tres pagos iguales en el primer, segundo y tercer aniversario de la fecha de concesión, condicionadas a la continuidad laboral. Estas concesiones de incentivos fueron aprobadas por el Comité de Compensación y Gestión del Talento el 4 de marzo de 2025, en cumplimiento con la regla de cotización Nasdaq 5635(c)(4), y se otorgaron fuera del plan de incentivos accionarios de la empresa.
Fossil Group (NASDAQ: FOSL)은 새로 임명된 세 명의 임원을 위한 유인책으로 주식 보상 계획을 발표했습니다. 회사는 다음 임원들에게 제한 주식 단위(RSU)를 부여합니다:
- Antonio Carriero (최고 디지털 정보 책임자 및 EMEA 총괄): 100,000 RSU
- Joe Martin (최고 상업 책임자): 129,581 RSU
- Randy Greben (최고 재무 책임자): 150,000 RSU
이 RSU는 2025년 4월 15일부터 효력이 발생하며, 부여일로부터 1년, 2년, 3년째 되는 해에 각각 3등분하여 지급되며, 계속 근무 조건이 충족되어야 합니다. 이 인센티브 보상은 2025년 3월 4일 보상 및 인재 관리 위원회의 승인을 받았으며, 나스닥 상장 규칙 5635(c)(4)를 준수하여 회사의 주식 인센티브 계획 외부에서 부여되었습니다.
Fossil Group (NASDAQ : FOSL) a annoncé des attributions d’actions en tant qu’incitations pour trois nouveaux cadres nommés. La société attribue des unités d’actions restreintes (RSU) à :
- Antonio Carriero (Directeur de l’Information Digitale et Directeur Général EMEA) : 100 000 RSU
- Joe Martin (Directeur Commercial) : 129 581 RSU
- Randy Greben (Directeur Financier) : 150 000 RSU
Les RSU, effectives à partir du 15 avril 2025, seront acquises en trois versements égaux lors du premier, deuxième et troisième anniversaire de la date d’attribution, sous réserve d’une continuité d’emploi. Ces attributions incitatives ont été approuvées par le Comité de Rémunération et de Gestion des Talents le 4 mars 2025, conformément à la règle Nasdaq 5635(c)(4), et ont été accordées en dehors du plan d’incitation en actions de l’entreprise.
Fossil Group (NASDAQ: FOSL) gab Aktienzuteilungen als Anreizprämien für drei neu ernannte Führungskräfte bekannt. Das Unternehmen gewährt eingeschränkte Aktienanteile (RSUs) an:
- Antonio Carriero (Chief Digital Information Officer und GM EMEA): 100.000 RSUs
- Joe Martin (Chief Commercial Officer): 129.581 RSUs
- Randy Greben (Chief Financial Officer): 150.000 RSUs
Die RSUs, wirksam ab dem 15. April 2025, werden in drei gleichen Raten am ersten, zweiten und dritten Jahrestag des Gewährungsdatums fällig, vorausgesetzt, die Beschäftigung wird durchgehend fortgesetzt. Diese Anreizprämien wurden am 4. März 2025 vom Vergütungs- und Talentmanagementausschuss genehmigt, in Übereinstimmung mit der Nasdaq-Notierungsregel 5635(c)(4), und außerhalb des Aktienanreizplans des Unternehmens gewährt.
- Strategic executive team expansion with three key C-level appointments
- Structured retention incentives through multi-year vesting schedule
- Potential future shareholder dilution from 379,581 new RSUs
RICHARDSON, Texas, April 15, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) today announced that it is granting equity awards as a material inducement to the employment of the Company’s newly-hired Chief Digital Information Officer and General Manager EMEA, Antonio Carriero; Chief Commercial Officer, Joe Martin; and Chief Financial Officer, Randy Greben.
In connection with the appointments of Carriero effective February 12, 2025, Martin effective February 17, 2025, and Greben effective March 17, 2025, the Company is granting Carriero an employment inducement award consisting of 100,000 time-based restricted stock units (“RSUs”), Martin an employment inducement award consisting of 129,581 RSUs and Greben an employment inducement award consisting of 150,000 RSUs.
All three grants have an effective grant date of April 15, 2025 (the “Grant Date”). The RSUs will vest one third on the first, second and third anniversaries, respectively, of the Grant Date, subject to each officer’s continuous employment with the Company on each vesting date.
The inducement awards to Carriero, Martin and Greben were granted as a material inducement to their employment and were approved by the Company’s Compensation and Talent Management Committee on March 4, 2025, in accordance with Nasdaq Listing Rule 5635(c)(4). The awards were granted outside the Company’s equity incentive plan.
About Fossil Group, Inc.
Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, small leather goods, belts and sunglasses. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, Diesel, Emporio Armani, kate spade new york, Michael Kors and Tory Burch. We bring each brand story to life through an extensive distribution network across numerous geographies, categories, and channels. Certain press release and SEC filing information concerning the Company is also available at www.fossilgroup.com.
Global Corporate Communications:
James Webb
Fossil Group
jwebb1@fossil.com
Investor Relations:
Christine Greany
The Blueshirt Group
christine@blueshirtgroup.com
FAQ
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