Capri accelerates RSU vesting, prepays $2M to chief people officer ahead of Tapestry merger

Capri Holdings Ltd

Jenna Hendricks (SVP, CPO) gets 20,333 RSUs accelerated to Dec 22, 2023; originally vesting June 2024.
Company prepays $500K special bonus and $1.5M severance; subject to clawback if merger fails or covered termination.
Repayment required if merger terminated or Hendricks leaves for cause/good reason before closing; amounts reduce if severance due under employment agreement.
After closing, prepaid severance lapses; Hendricks eligible for remaining CIC benefits upon qualifying termination.

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