Joshua Schulman, Michael Kors Holdings Limited's CEO - Michael Kors, just received 262,467 restricted shares from the company. The restricted shares don't become available to Schulman until such time as they become vested. Schulman now owns at least 262,497 restricted shares of the company.
Some additional info was provided as follows:
Granted on September 1, 2021 pursuant to the Capri Holdings Limited Second Amended and Restsated Incentive Plan (the "Incentive Plan"). The securities underlying the total number of RSUs originally granted will vest 20% each year on September 1, 2022, 2023, 2024, 2025 and 2026, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee is retirement eligible.
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.
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