Miller Value Partners, LLC and William H. Miller IV report beneficial ownership of 2,425,185 shares of Fossil Group, Inc. common stock, equal to 4.156% of the class. The filing states these shares are owned by clients of Miller Value Partners and that Mr. Miller is deemed beneficial owner as control person. The Schedule 13G/A amendment is signed May 4, 2026 and includes a Power of Attorney effective July 23, 2024.
Miller Value Partners, LLC and William H. Miller IV report beneficial ownership of 2,425,185 shares of Fossil Group, Inc. common stock, equal to 4.156% of the class. The filing states these shares are owned by clients of Miller Value Partners and that Mr. Miller is deemed beneficial owner as control person. The Schedule 13G/A amendment is signed May 4, 2026 and includes a Power of Attorney effective July 23, 2024.
Fossil Group, Inc. filed Amendment No. 1 to its 2025 annual report to add required Part III information on directors, executive compensation, ownership and auditor fees, and to update the common shares outstanding to 59,076,605 as of April 25, 2026.
The filing details a largely refreshed leadership team, including CEO Franco Fogliato and several new directors, and explains pay-for-performance programs combining salary, annual cash bonuses tied to net sales and adjusted operating income, and equity awards under the 2024 Long-Term Incentive Plan. It also outlines severance and change-in-control protections, stock ownership guidelines, insider trading and ethics policies, and Deloitte & Touche LLP audit fees of $3.5 million for fiscal 2025.
Fossil Group, Inc. filed Amendment No. 1 to its 2025 annual report to add required Part III information on directors, executive compensation, ownership and auditor fees, and to update the common shares outstanding to 59,076,605 as of April 25, 2026.
The filing details a largely refreshed leadership team, including CEO Franco Fogliato and several new directors, and explains pay-for-performance programs combining salary, annual cash bonuses tied to net sales and adjusted operating income, and equity awards under the 2024 Long-Term Incentive Plan. It also outlines severance and change-in-control protections, stock ownership guidelines, insider trading and ethics policies, and Deloitte & Touche LLP audit fees of $3.5 million for fiscal 2025.
Fossil Group, Inc. reported that Chief Commercial Officer Joe Martin has decided to resign to pursue other interests. His last day with the company will be May 8, 2026.
Chief Executive Officer Franco Fogliato has immediately assumed Martin’s responsibilities, having previously led the company’s commercial sales organization. Fossil Group has begun a search for a successor to the Chief Commercial Officer role.
Fossil Group, Inc. reported that Chief Commercial Officer Joe Martin has decided to resign to pursue other interests. His last day with the company will be May 8, 2026.
Chief Executive Officer Franco Fogliato has immediately assumed Martin’s responsibilities, having previously led the company’s commercial sales organization. Fossil Group has begun a search for a successor to the Chief Commercial Officer role.
Fogliato Franco reported acquisition or exercise transactions in this Form 4 filing.
Fossil Group, Inc. CEO Franco Fogliato reported an equity compensation grant in the form of 750,000 Performance Stock Units, each representing a contingent right to receive one share of Fossil common stock. Following this award, he directly holds 930,000 such derivative-based equity units.
The award consists of performance restricted stock units that vest into common shares on a 1-for-1 basis in three equal yearly installments under the company’s 2024 Long-Term Incentive Plan. Each annual vesting can increase the shares delivered by 20%, 30%, or 50%, depending on the average fair market value of Fossil common stock over the last thirty trading days of the prior calendar year, using price thresholds of $4.25–$5.99, $6.00–$7.74, and $7.75 or above, respectively.
Fogliato Franco reported acquisition or exercise transactions in this Form 4 filing.
Fossil Group, Inc. CEO Franco Fogliato reported an equity compensation grant in the form of 750,000 Performance Stock Units, each representing a contingent right to receive one share of Fossil common stock. Following this award, he directly holds 930,000 such derivative-based equity units.
The award consists of performance restricted stock units that vest into common shares on a 1-for-1 basis in three equal yearly installments under the company’s 2024 Long-Term Incentive Plan. Each annual vesting can increase the shares delivered by 20%, 30%, or 50%, depending on the average fair market value of Fossil common stock over the last thirty trading days of the prior calendar year, using price thresholds of $4.25–$5.99, $6.00–$7.74, and $7.75 or above, respectively.
Fossil Group, Inc. CFO Randy J. Greben received a compensation-related grant of performance stock units that can settle in common shares over time based on vesting and performance conditions. On the same date, 33,869 common shares were withheld at $5.40 per share to cover tax obligations, which is not an open‑market sale. After these transactions, he directly holds 165,112 common shares and 295,000 performance and restricted stock units, including 100,000 restricted stock units that remain subject to a vesting schedule.
Fossil Group, Inc. CFO Randy J. Greben received a compensation-related grant of performance stock units that can settle in common shares over time based on vesting and performance conditions. On the same date, 33,869 common shares were withheld at $5.40 per share to cover tax obligations, which is not an open‑market sale. After these transactions, he directly holds 165,112 common shares and 295,000 performance and restricted stock units, including 100,000 restricted stock units that remain subject to a vesting schedule.
Fossil Group, Inc. granted Chief Brand Officer Melissa B. Lowenkron 150,000 performance restricted stock units (PRSUs) on April 15, 2026 under the company’s 2024 Long-Term Incentive Plan. Each PRSU represents a contingent right to receive one share of common stock.
The 150,000 PRSUs will vest over three years in equal yearly installments on a 1-for-1 basis, with potential increases based on the average fair market value of the stock before each vesting date. Separately, 11,641 shares of common stock were withheld at $5.40 per share to cover tax obligations, leaving Lowenkron with 91,766 common shares held directly. This tax withholding is not an open-market sale.
Fossil Group, Inc. granted Chief Brand Officer Melissa B. Lowenkron 150,000 performance restricted stock units (PRSUs) on April 15, 2026 under the company’s 2024 Long-Term Incentive Plan. Each PRSU represents a contingent right to receive one share of common stock.
The 150,000 PRSUs will vest over three years in equal yearly installments on a 1-for-1 basis, with potential increases based on the average fair market value of the stock before each vesting date. Separately, 11,641 shares of common stock were withheld at $5.40 per share to cover tax obligations, leaving Lowenkron with 91,766 common shares held directly. This tax withholding is not an open-market sale.
Fossil Group, Inc. Chief Commercial Officer Joe T. Martin reported an equity compensation grant and related tax withholding. He received performance-based restricted stock units (PRSUs) that convert into common shares over three yearly installments under the company’s 2024 Long-Term Incentive Plan, rather than through an open-market purchase.
The PRSUs vest 1-for-1 into common stock, with extra shares added if the average share price over the prior calendar year is higher. Vesting installments increase by 20% if the average price is between $4.25 and $5.99, by 30% between $6.00 and $7.74, and by 50% at or above $7.75. On the same date, 21,716 common shares were withheld at $5.40 per share to cover tax obligations, leaving Martin with 194,045 directly held common shares, including 86,387 time-based RSUs subject to a vesting schedule.
Fossil Group, Inc. Chief Commercial Officer Joe T. Martin reported an equity compensation grant and related tax withholding. He received performance-based restricted stock units (PRSUs) that convert into common shares over three yearly installments under the company’s 2024 Long-Term Incentive Plan, rather than through an open-market purchase.
The PRSUs vest 1-for-1 into common stock, with extra shares added if the average share price over the prior calendar year is higher. Vesting installments increase by 20% if the average price is between $4.25 and $5.99, by 30% between $6.00 and $7.74, and by 50% at or above $7.75. On the same date, 21,716 common shares were withheld at $5.40 per share to cover tax obligations, leaving Martin with 194,045 directly held common shares, including 86,387 time-based RSUs subject to a vesting schedule.
Fossil Group, Inc. director Wendy Lee Schoppert received an equity grant of 21,929 shares of common stock at a reference value of $4.68 per share. Following this grant, she directly owns 96,294 shares of Fossil common stock. A portion of her holdings consists of 33,043 Restricted Stock Units, which typically vest over time and convert into shares as service conditions are met.
Fossil Group, Inc. director Wendy Lee Schoppert received an equity grant of 21,929 shares of common stock at a reference value of $4.68 per share. Following this grant, she directly owns 96,294 shares of Fossil common stock. A portion of her holdings consists of 33,043 Restricted Stock Units, which typically vest over time and convert into shares as service conditions are met.
Fossil Group, Inc. outlines a multi‑year turnaround after several years of declining sales and a challenged traditional watch market. Fiscal 2025 net sales were $1,004.4 million, down 12.3% from $1,145.0 million in 2024 and $1,412.4 million in 2023, with proprietary brands at $489.5 million and licensed brands at $475.3 million.
Watches remain the core business, representing 82.3% of 2025 net sales, supported by owned brands such as FOSSIL and SKAGEN and major licenses including MICHAEL KORS and ARMANI lines. The company achieved about $100 million in SG&A savings in 2025 through workforce reductions, shifting smaller markets to distributors and closing 49 underperforming stores, leaving 199 stores worldwide.
Fossil restructured its balance sheet in 2025, replacing its prior notes with new first‑ and second‑lien notes and adding a $150 million asset‑based revolver. Total indebtedness was $205.1 million as of January 3, 2026, and interest paid in 2025 was $16.1 million. Management highlights tariff costs that reduced gross margin by about 140 basis points in 2025, heavy reliance on Chinese sourcing, and substantial debt covenants as key risks to profitability and liquidity.
Fossil Group, Inc. outlines a multi‑year turnaround after several years of declining sales and a challenged traditional watch market. Fiscal 2025 net sales were $1,004.4 million, down 12.3% from $1,145.0 million in 2024 and $1,412.4 million in 2023, with proprietary brands at $489.5 million and licensed brands at $475.3 million.
Watches remain the core business, representing 82.3% of 2025 net sales, supported by owned brands such as FOSSIL and SKAGEN and major licenses including MICHAEL KORS and ARMANI lines. The company achieved about $100 million in SG&A savings in 2025 through workforce reductions, shifting smaller markets to distributors and closing 49 underperforming stores, leaving 199 stores worldwide.
Fossil restructured its balance sheet in 2025, replacing its prior notes with new first‑ and second‑lien notes and adding a $150 million asset‑based revolver. Total indebtedness was $205.1 million as of January 3, 2026, and interest paid in 2025 was $16.1 million. Management highlights tariff costs that reduced gross margin by about 140 basis points in 2025, heavy reliance on Chinese sourcing, and substantial debt covenants as key risks to profitability and liquidity.
Fossil Group, Inc. CEO Franco Fogliato reported an acquisition of 72,000 shares of common stock through vesting of performance stock units. These shares relate to a grant of 180,000 performance restricted stock units (PRSUs) awarded on April 15, 2025 under Fossil’s 2024 Long-Term Incentive Plan.
The PRSUs vest annually in three equal installments on a 1-for-1 basis, subject to continued employment and share price performance ranges. On March 3, 2026, the Compensation Committee certified performance high enough to increase the first yearly installment by 20%, resulting in 72,000 shares scheduled to vest on April 15, 2026. Any PRSUs that do not meet performance criteria will be cancelled for no value.
Fossil Group, Inc. CEO Franco Fogliato reported an acquisition of 72,000 shares of common stock through vesting of performance stock units. These shares relate to a grant of 180,000 performance restricted stock units (PRSUs) awarded on April 15, 2025 under Fossil’s 2024 Long-Term Incentive Plan.
The PRSUs vest annually in three equal installments on a 1-for-1 basis, subject to continued employment and share price performance ranges. On March 3, 2026, the Compensation Committee certified performance high enough to increase the first yearly installment by 20%, resulting in 72,000 shares scheduled to vest on April 15, 2026. Any PRSUs that do not meet performance criteria will be cancelled for no value.