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Fossil Group, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4)

1. Fossil hires new executives, granting substantial RSUs as incentives. 2. Antonio Carriero, Joe Martin, and Randy Greben received significant awards. 3. RSUs vest over three years, ensuring long-term commitment from executives. 4. Grants are outside the equity incentive plan, emphasizing their importance. 5. Compensation includes 379,581 total RSUs, aimed at improving company performance.

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Why Bullish?

The appointment of experienced executives with significant equity incentives can enhance strategic direction. Historically, executive stability often correlates with improved company performance and stock prices, as seen with similar firms post-leadership changes.

How important is it?

Leadership changes and equity awards are critical for company direction, impacting investor confidence. New executives bring potential for innovation and revenue growth, significantly influencing stock performance.

Why Long Term?

The RSUs' vesting schedule over three years fosters sustained growth and stability. Long-term positive impacts on stock price are expected as strategic initiatives unfold.

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FOSLKORSLVMH
April 15, 2025 18:24 ET  | Source: Fossil Group, Inc. RICHARDSON, Texas, April 15, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) today announced that it is granting equity awards as a material inducement to the employment of the Company’s newly-hired Chief Digital Information Officer and General Manager EMEA, Antonio Carriero; Chief Commercial Officer, Joe Martin; and Chief Financial Officer, Randy Greben. In connection with the appointments of Carriero effective February 12, 2025, Martin effective February 17, 2025, and Greben effective March 17, 2025, the Company is granting Carriero an employment inducement award consisting of 100,000 time-based restricted stock units (“RSUs”), Martin an employment inducement award consisting of 129,581 RSUs and Greben an employment inducement award consisting of 150,000 RSUs. All three grants have an effective grant date of April 15, 2025 (the “Grant Date”). The RSUs will vest one third on the first, second and third anniversaries, respectively, of the Grant Date, subject to each officer’s continuous employment with the Company on each vesting date. The inducement awards to Carriero, Martin and Greben were granted as a material inducement to their employment and were approved by the Company’s Compensation and Talent Management Committee on March 4, 2025, in accordance with Nasdaq Listing Rule 5635(c)(4). The awards were granted outside the Company’s equity incentive plan. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, small leather goods, belts and sunglasses. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, Diesel, Emporio Armani, kate spade new york, Michael Kors and Tory Burch. We bring each brand story to life through an extensive distribution network across numerous geographies, categories, and channels. Certain press release and SEC filing information concerning the Company is also available at www.fossilgroup.com.  Global Corporate Communications:  James Webb Fossil Group jwebb1@fossil.com Investor Relations:                 Christine Greany                                                                              The Blueshirt Group                              christine@blueshirtgroup.com

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