Fogliato Franco 4
4 · Fossil Group, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Fossil (FOSL) CEO Franco Fogliato Receives 750,000 PRSUs
What Happened
Franco Fogliato, CEO and Director of Fossil Group, Inc. (FOSL), was granted a derivative equity award reported as 750,000 shares on April 15, 2026. The award was reported at $0.00 per share (an equity grant, not a purchase), so no cash changed hands on grant. The filing identifies these as performance-restricted stock units (PRSUs)/RSUs that convert to common stock only upon vesting.
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely filing).
- Reported grant: 750,000 derivative shares at $0.00 (code A — award/grant).
- Footnote details: the filing describes PRSUs — each PRSU is a contingent right to one share. A footnote states the issuer granted 500,000 PRSUs under the 2024 Long-Term Incentive Plan that vest 1-for-1 in three equal annual installments and may increase by 20%–50% depending on average year‑end share price.
- Shares owned after transaction: not specified in the provided filing details.
- No sale or cash exercise occurred; this is an award subject to vesting and performance conditions.
Context
PRSUs are contingent awards that convert to actual shares only if vesting and any performance conditions are met. This grant does not represent immediate ownership of tradable shares or an open-market purchase/sale; instead it gives the CEO potential future shares if vesting and performance criteria are satisfied.
Insider Transaction Report
- Award
Performance Stock Units
[F1][F2]2026-04-15+750,000→ 930,000 total→ Common Stock (750,000 underlying)
Footnotes (2)
- [F1]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).
- [F2]On April 15, 2026, the Issuer granted 500,000 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 $4.25 to $5.99, 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 $6.00 and $7.74, 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 $7.75 or above, the number of shares issued upon an annual vesting of PRSUs will be increased by 50%.