Federal Signal finalizes separation with former GC DuPré; equity vesting accelerated

FEDERAL SIGNAL CORP /DE/

Separation agreement effective Sept 12, 2022 provides accelerated pro-rata vesting of 1,031 and 2,608 restricted stock units from 2020 and 2021 grants.
Unvested PSUs (5,909 from 2020; 2,333 from 2021) vest pro-rata but earned only if performance targets met through end of respective three-year periods.
Vested stock option expiration extended to earlier of Sept 2, 2027 or original expiry; 1,327 options from 2020 and 820 from 2021 vest pro-rata.
DuPré executed a general release of claims and agreed to 1-year non-compete and non-solicitation covenants; waived all severance benefits under company plans.
Retirement effective April 26, 2022 (officer roles) and Sept 2, 2022 (employment); no severance or separation pay due.

item 5.02 item 9.01

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Departed

Daniel A. DuPré

Vice President, General Counsel and Secretary

FSS · FEDERAL SIGNAL CORP /DE/

Effective: 2022-04-26
Filed: September 13, 2022, 7:59 PM ET

Mr. DuPré’s retirement from the position of Vice President, General Counsel and Secretary was effective April 26, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel A. DuPré retired as Vice President, General Counsel and Secretary at FEDERAL SIGNAL CORP /DE/.

Action: retired
Role: Vice President, General Counsel and Secretary

Exact text from the filing

Mr. DuPré’s retirement from the position of Vice President, General Counsel and Secretary was effective April 26, 2022.

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FEDERAL SIGNAL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000277509-22-000037

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