Martin Joe T 4
4 · Fossil Group, Inc. · Filed Apr 17, 2025
Insider Transaction Report
Form 4
Martin Joe T
Chief Commercial Officer
Transactions
- Award
Common Stock
2025-04-15+129,581→ 129,581 total - Award
Performance Stock Units
2025-04-15+112,500→ 112,500 total→ Common Stock (112,500 underlying)
Footnotes (3)
- [F1]Restricted Stock Units that shall become vested and convertible into shares of Common Stock as to 1/3 on 4/15/26; as to 1/3 on 4/15/27; and as to 1/3 on 4/15/28, cumulatively.
- [F2]Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of Fossil Group, Inc. (the Issuer) common stock (the Common Stock).
- [F3]On April 15, 2025, the Issuer granted 75,000 PRSUs to the reporting person under the Issuers 2024 Long-Term Incentive Plan. These PRSUs will vest into shares of Common Stock of the Issuer on a 1-for-1 basis yearly, in three equal installments. Each yearly vest is subject to an increase in the number of shares to be issued based on the average fair market value of a share of the Common Stock over the last thirty consecutive trading days of the most recent calendar year prior to the vesting date. If the average fair market value is between $3.50 to $4.99, the number of shares to be issued upon an annual vesting of PRSUs will be increased by 20%. If the average fair market value is between $5.00 and $6.49, the number of shares to be issued upon an annual vesting of PRSUs will be increased by 30%. If the average fair market value is $6.50 or above, the number of shares issued upon an annual vesting of PRSUs will be increased by 50%.