Mahesh Madhavan, a director of Michael Kors Holdings Limited, just received 1,063 restricted shares from the company. The restricted shares don't become available to Madhavan until such time as they become vested. Madhavan now owns at least 1,063 restricted shares of the company.
Some additional info was provided as follows:
Granted pursuant to the Capri Holdings Limited Third Amended and Restated Omnibus Incentive Plan. The RSUs vest on the Company's annual shareholder meeting that occurs in 2023, and will be settled upon vesting unless the reporting person elects to defer settlement to a later date. If the reporting person's service with the Company terminates prior to the first anniversary of the date of grant, the RSUs will vest pro-rata based on the numb
er of days from the date of grant through and including the date of the reporting person's termination of service. The RSUs will also vest in full in the event of the reporting person's death or disability.
The RSUs do not expire.
Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Michael Kors Holdings Limited makes a similar move, sign up!
