- Fossil Group (FOSL, Financial) has announced inducement grants of restricted stock units (RSUs) to three newly appointed executives.
- A total of 379,581 RSUs will vest in three equal installments over three years, contingent on continuous employment.
- The grants were approved in compliance with Nasdaq Listing Rule 5635(c)(4), outside the company's equity incentive plan.
Fossil Group, Inc. (FOSL) has declared the issuance of equity awards as inducement grants for three newly appointed senior executives. The grants include restricted stock units (RSUs) for Antonio Carriero, who has been appointed as Chief Digital Information Officer and General Manager EMEA, Joe Martin, the new Chief Commercial Officer, and Randy Greben, the incoming Chief Financial Officer. These RSUs are intended to incentivize and enhance commitment among the new leadership team.
Effective from April 15, 2025, these RSUs will vest in three equal tranches on the first, second, and third anniversaries of the grant date, subject to the continuous employment of the executives. The specific allocation includes 100,000 RSUs to Antonio Carriero, 129,581 RSUs to Joe Martin, and 150,000 RSUs to Randy Greben. This strategic move aims to strengthen Fossil's leadership with long-term retention incentives.
The Compensation and Talent Management Committee approved these inducement awards on March 4, 2025, following Nasdaq Listing Rule 5635(c)(4). Notably, these awards are granted outside the company's regular equity incentive plan, underscoring their status as special employment inducements.
Fossil Group, a comprehensive lifestyle accessories company headquartered in Richardson, Texas, specializes in the design, marketing, and distribution of a variety of products, including watches and jewelry, across a diverse portfolio of owned and licensed brands.
