Fossil grants 150,000 PRSUs to brand chief
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.
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lowenkron Melissa B
Role
Chief Brand Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 150,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 11,641 | $5.40 | $63K |
Holdings After Transaction:
Performance Stock Units — 220,000 contracts (Direct);
Common Stock — 91,766 shares (Direct)
Footnotes (3)
- F1. Includes 5,258 Restricted Stock Units subject to a vesting schedule.
- 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, 2026, the Issuer granted 150,000 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%.
Key Figures
PRSU grant size: 150,000 units
Tax-withheld shares: 11,641 shares
Tax-withholding price: $5.40 per share
+5 more
8 metrics
PRSU grant size
150,000 units
Performance restricted stock units granted on April 15, 2026
Tax-withheld shares
11,641 shares
Common shares withheld to cover tax liability
Tax-withholding price
$5.40 per share
Value used for 11,641 withheld common shares
Common shares after transaction
91,766 shares
Direct common stock holdings following tax withholding
PRSUs post-grant
220,000 units
Total performance stock units following the new award
RSUs outstanding
5,258 units
Restricted Stock Units subject to a vesting schedule
Potential 20% PRSU uplift
$4.25–$5.99 range
Average fair market value range for 20% increase at vesting
Maximum 50% PRSU uplift
$7.75 or above
Average fair market value threshold for 50% increase at vesting
Key Terms
Performance Stock Units, Restricted Stock Units, Long-Term Incentive Plan, vesting schedule, +1 more
5 terms
Performance Stock Units financial
"Each performance restricted stock unit (PRSU) represents a contingent right to receive one share..."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"Includes 5,258 Restricted Stock Units subject to a vesting schedule."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long-Term Incentive Plan financial
"the Issuer granted 150,000 PRSUs to the reporting person under the Issuers 2024 Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
vesting schedule financial
"Includes 5,258 Restricted Stock Units subject to a vesting schedule."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
average fair market value financial
"based on the average fair market value of a share of the Common Stock over the last thirty consecutive trading days..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Fossil Group (FOSL) report for Melissa B. Lowenkron?
Fossil Group reported a grant of 150,000 performance restricted stock units to Chief Brand Officer Melissa B. Lowenkron and a tax-related withholding of 11,641 common shares, leaving her with 91,766 common shares held directly after the transactions.
How do the 150,000 PRSUs granted to the Fossil (FOSL) executive vest?
The 150,000 performance restricted stock units vest yearly in three equal installments. Each installment converts into common stock on a 1-for-1 basis, with the number of shares potentially increased depending on the average fair market value of Fossil’s stock before each vesting date.
What performance adjustments apply to the Fossil (FOSL) PRSU grant?
Each annual vesting of PRSUs can increase based on average fair market value. If the average is $4.25–$5.99, shares increase 20%; $6.00–$7.74 increases 30%; and $7.75 or above increases 50%, magnifying the number of shares issued at vesting.
Under which plan were the new Fossil (FOSL) PRSUs granted?
The 150,000 performance restricted stock units were granted under Fossil Group’s 2024 Long-Term Incentive Plan. This plan provides equity-based compensation, linking executive rewards to future company performance and stock price levels over a multi-year period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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