secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL SIGNAL CORP /DE/ (FSS)
CIK:        0000277509
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0000277509-22-000037
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/277509/000027750922000037/0000277509-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/277509/000027750922000037/fss-20220912.htm
  HTML page:      https://secwatch.observer/filing/0000277509-22-000037

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