Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-12

Fossil Group (FOSL)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,729,504
Franco Fogliato total, FY2025
1st
CEO pay percentile vs peers
CEO-to-median pay ratio
94.37%
Say-on-pay support, latest vote
Companies that benchmark against FOSL
4 companies name FOSL as a compensation peer

Each company listed discloses FOSL in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FOSL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Franco Fogliato$1,100,000$0$174,600$0$1,441,440$0$13,464$2,729,504
Chief Executive Officer and Director
Jeffrey Boyer63,626750,0000031,75501,148,2661,993,647
Former Interim Chief Executive Officer and former Chief Operations Officer
Joe Martin475,480300,000198,4440431,2500188,8651,594,039
Former Chief Commercial Officer
Randy Greben437,884125,000213,4000431,2500199,0811,406,615
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Franco Fogliato$2,729,504$4,572,040−1,842,536
Jeffrey Boyer1,993,6471,359,664+633,983
Joe Martin1,594,039
Randy Greben1,406,615

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey BoyerPSU27,140
Joe MartinPRSU75,00072,750
Randy GrebenPRSU70,00067,900
Joe MartinPRSU5,000
Franco FogliatoPRSU12,000
Randy GrebenPRSU4,666
Franco FogliatoPRSU180,000174,600
Randy GrebenRSU2025-04-15150,000145,500
Joe MartinRSU2025-04-15129,581125,694
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Joe Martin$125,694$0$00.0%
Randy Greben145,500000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Franco FogliatoRSU750,000$2,820,000
Randy GrebenRSU150,000564,000
Joe MartinPSU75,000282,000
Jeffrey BoyerRSU13,57151,027
Jeffrey BoyerPSU13,57051,023
Joe MartinRSU129,851488,240
Randy GrebenPSU70,000263,200
Jeffrey BoyerPSU13,57151,027
Franco FogliatoPSU180,000676,800
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation programs are designed to attract, motivate and retain executive officers, while aligning the interests of our executives with the interests of our stockholders.

CEO STI target (% of salary)130%
CEO LTI target (% of salary)
Independent consultantKorn Ferry
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-12-1923,219,9481,195,930188,67094.37%Passed
20242024-06-2124,490,366832,66778,98196.41%Passed
20232023-05-2432,057,400864,71381,24897.37%Passed
20222022-05-1840,573,108171,79436,17799.49%Passed
20212021-05-1939,705,818109,81873,60799.54%Passed
20202020-05-2034,000,552435,85183,19298.5%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-12-1994.37%a
20242024-06-2196.41%b
20232023-05-2497.37%c

a. Approved under the standard stated in the filing — “An abstention will have the effect of a vote against Proposals 2 and 3 and will have no effect with respect to Proposal 1.”.

b. Approved under the standard stated in the filing — “An abstention will have the effect of a vote against Proposals 2, 3, 4 and 5 and will have no effect with respect to Proposal 1.”.

c. Approved under the standard stated in the filing — “​ What is the effect of an abstention? A stockholder who abstains on some or all matters is considered present for purposes of determining if a quorum is present at the Annual Meeting, but an abstention is not counted as a vote cast.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Pamela B. CorrieIndependent · Audit (Chair) · Not standing for re-election$385,000$110,077$0$0$495,077
Eugene I. DavisIndependent · Nominating and Corporate Governance (Chair) · Strategic Planning and Finance (Chair) · Departed during FY485,00000485,000
Marc ReyIndependent · Compensation and Talent Management370,000110,07700480,077
Susie CoulterIndependent · Nominating and Corporate Governance (Chair)370,000110,07700480,077
Kevin MansellIndependent · Board Chair · Compensation and Talent Management (Chair) · Not standing for re-election195,000110,07700305,077
Gail B. TiffordIndependent · Nominating and Corporate Governance · Not standing for re-election155,000110,07700265,077
Wendy L. SchoppertIndependent · Audit · Compensation and Talent Management96,681113,82500210,506
Pamela J. EdwardsIndependent · Audit96,681113,82500210,506
Mark R. BelgyaIndependent · Audit (Chair) · Compensation and Talent Management · Departed during FY175,00000175,000
Sebastian J. DiGrandeIndependent · Partial-year service · Newly elected00000
Franco FogliatoEmployee director00000
Chandhu NairIndependent · Partial-year service · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer$140,000
Annual equity retainer$130,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$2,328,362
Equity awards (grant-date value)$778,035
All other compensation$0
Total cost of the board$3,106,397

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

OXM Oxford Industries, Inc.ZUMZ Zumiez, Inc.SHOO Steven Madden, Ltd.WWW Wolverine World Wide, Inc.CAL Caleres, Inc.GIII G-III Apparel Group, Ltd.GCO Genesco, Inc.MOV Movado Group, Inc.PLCE The Children's Place, Inc.GES Guess, Inc.LE Lands' End, Inc.
10a

Peer reciprocity

Of the companies Fossil Group names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Oxford Industries, Inc. (OXM)39 Zumiez, Inc. (ZUMZ) Steven Madden, Ltd. (SHOO)40 Wolverine World Wide, Inc. (WWW)41 Caleres, Inc. (CAL) G-III Apparel Group, Ltd. (GIII) Genesco, Inc. (GCO) Movado Group, Inc. (MOV) The Children's Place, Inc. (PLCE) Guess, Inc. (GES) Lands' End, Inc. (LE)42

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Fossil Group.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Wolverine World Wide, Inc.2025Christopher Hufnagel$1,192,308$5,800,023$0$2,663,854$10,854,729
2Steven Madden, Ltd.2025Edward Rosenfeld1,135,8946,999,979008,164,373
3Lands' End, Inc.2025Andrew McLean1,100,0002,841,49101,416,2505,914,780
4Oxford Industries, Inc.2025Thomas Chubb III900,0003,942,2050388,4405,529,136
5Caleres, Inc.2025John Schmidt1,150,0002,500,016004,143,930
6Fossil Group2025Franco Fogliato1,100,000174,60001,441,4402,729,504
Zumiez, Inc.not in coverage universe
G-III Apparel Group, Ltd.not in coverage universe
Genesco, Inc.not in coverage universe
Movado Group, Inc.not in coverage universe
The Children's Place, Inc.not in coverage universe
Guess, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Fossil Group100.8%not disclosedNoKorn Ferry
Caleres, Inc.not disclosedCash LTI 55 · RSU 45NoMeridian Compensation Partners LLC
G-III Apparel Group, Ltd.not disclosednot disclosednot disclosednot disclosed
Genesco, Inc.not disclosednot disclosednot disclosednot disclosed
Guess, Inc.not disclosednot disclosednot disclosednot disclosed
Lands' End, Inc.103%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Movado Group, Inc.not disclosednot disclosednot disclosednot disclosed
Oxford Industries, Inc.43%not disclosedYes — Total Shareholder Return (TSR) relative to comparator groupMeridian Compensation Partners, LLC
Steven Madden, Ltd.not disclosedPSU 52 · RSU 48NoArthur J. Gallagher & Co.'s Human Resources & Compensation Consulting Practice
The Children's Place, Inc.not disclosednot disclosednot disclosednot disclosed
Wolverine World Wide, Inc.172.4%PSU 70 · RSU 30Yes — Absolute TSRFrederic W. Cook & Co. (FW Cook)
Zumiez, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Franco FogliatoDEF 14A2026-08-120001193125-26-347185Section “2024 SUMMARY COMPENSATION TABLE” · page 27. As printed: 2,729,504. Filing ↗machine: t55 · r6 · c14 · span 939738–939747
2Section 01, Jeffrey BoyerDEF 14A2026-08-120001193125-26-347185Section “2024 SUMMARY COMPENSATION TABLE” · page 27. As printed: 1,993,647. Filing ↗machine: t55 · r12 · c14 · span 981047–981056
3Section 01, Joe MartinDEF 14A2026-08-120001193125-26-347185Section “2024 SUMMARY COMPENSATION TABLE” · page 27. As printed: 1,594,039. Filing ↗machine: t55 · r10 · c14 · span 967310–967319
4Section 01, Randy GrebenDEF 14A2026-08-120001193125-26-347185Section “2024 SUMMARY COMPENSATION TABLE” · page 27. As printed: 1,406,615. Filing ↗machine: t55 · r8 · c14 · span 953589–953598
5Section 03, Jeffrey Boyer PSUDEF 14A2026-08-120001193125-26-347185Section “NARRAT IVE DISCLOSURE TO SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: span 1359157–1359163
6Section 03, Joe Martin PRSUDEF 14A2026-08-120001193125-26-347185Section “NARRAT IVE DISCLOSURE TO SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t63 · r11 · c4 · span 1229808–1229814
7Section 03, Randy Greben PRSUDEF 14A2026-08-120001193125-26-347185Section “NARRAT IVE DISCLOSURE TO SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t63 · r8 · c4 · span 1216024–1216030
8Section 03, Joe Martin PRSUDEF 14A2026-08-120001193125-26-347185Section “NARRAT IVE DISCLOSURE TO SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: span 1382501–1382506
9Section 03, Franco Fogliato PRSUDEF 14A2026-08-120001193125-26-347185Section “NARRAT IVE DISCLOSURE TO SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: span 1382447–1382453
10Section 03, Randy Greben PRSUDEF 14A2026-08-120001193125-26-347185Section “NARRAT IVE DISCLOSURE TO SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: span 1382473–1382478
11Section 03, Franco Fogliato PRSUDEF 14A2026-08-120001193125-26-347185Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t55 · r6 · c8 · span 937248–937255
12Section 03, Randy Greben RSUDEF 14A2026-08-120001193125-26-347185Section “NARRAT IVE DISCLOSURE TO SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t65 · r5 · c4 · span 1276818–1276825
13Section 03, Joe Martin RSUDEF 14A2026-08-120001193125-26-347185Section “NARRAT IVE DISCLOSURE TO SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t65 · r8 · c4 · span 1290613–1290620
14Section 07, pay ratio10-K/A2026-04-300001193125-26-197497Section “CEO Pay Ratio”. As printed: —. Filing ↗
15Section 08, Pamela B. CorrieDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 495,077. Filing ↗machine: t38 · r7 · c11 · span 545843–545850
16Section 08, Eugene I. DavisDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 485,000. Filing ↗machine: r13 · c3 · span 571294–571301
17Section 08, Marc ReyDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 480,077. Filing ↗machine: t38 · r22 · c11 · span 617072–617079
18Section 08, Susie CoulterDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 480,077. Filing ↗machine: t38 · r10 · c11 · span 560010–560017
19Section 08, Kevin MansellDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 305,077. Filing ↗machine: t38 · r19 · c11 · span 602913–602920
20Section 08, Gail B. TiffordDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 265,077. Filing ↗machine: t38 · r28 · c11 · span 645585–645592
21Section 08, Wendy L. SchoppertDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 210,506. Filing ↗machine: t38 · r25 · c11 · span 631434–631441
22Section 08, Pamela J. EdwardsDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 210,506. Filing ↗machine: t38 · r16 · c11 · span 588761–588768
23Section 08, Mark R. BelgyaDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 175,000. Filing ↗machine: r4 · c3 · span 528582–528589
24Section 08, Sebastian J. DiGrandeDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Franco FogliatoDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 0. Filing ↗
26Section 08, Chandhu NairDEF 14A2026-08-120001193125-26-347185Section “Director Compensation”. As printed: 0. Filing ↗
27Section 06, 2025 voteForm 8-K2025-12-230001193125-25-330292Item 5.07 · say-on-pay result. As reported: 94.37% (votes for as printed: 23,219,948). Filing ↗
28Section 06, 2024 voteForm 8-K2024-06-250000883569-24-000049Item 5.07 · say-on-pay result. As reported: 96.41% (votes for as printed: 24,490,366). Filing ↗
29Section 06, 2023 voteForm 8-K2023-05-260001104659-23-065263Item 5.07 · say-on-pay result. As reported: 97.37% (votes for as printed: 32,057,400). Filing ↗
30Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
31Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
32Section 09b board cost (computed)ComputedcomputedCash 2,328,362 + equity 778,035 + all other 0 = 3,106,397, summed across the director compensation table rows.machine: formula: Σ = 3,106,397
33Wolverine World Wide, Inc., Section 10b CEO totalDEF 14A2026-03-250001140361-26-011157CEO total compensation as printed in Wolverine World Wide, Inc.'s own proxy. As printed: 10,854,729. Filing ↗machine: r2 · c25 · span 1190459–1190470
34Steven Madden, Ltd., Section 10b CEO totalDEF 14A2026-04-060001493152-26-015299CEO total compensation as printed in Steven Madden, Ltd.'s own proxy. As printed: 8,164,373. Filing ↗machine: t91 · r2 · c31 · span 714081–714090
35Lands' End, Inc., Section 10b CEO totalDEF 14A2026-03-270001104659-26-036100CEO total compensation as printed in Lands' End, Inc.'s own proxy. As printed: 5,914,780. Filing ↗machine: t19 · r1 · c47 · span 511069–511078
36Oxford Industries, Inc., Section 10b CEO totalDEF 14A2026-05-130000075288-26-000032CEO total compensation as printed in Oxford Industries, Inc.'s own proxy. As printed: 5,529,136. Filing ↗machine: t36 · r3 · c12 · span 668880–668889
37Caleres, Inc., Section 10b CEO totalDEF 14A2026-04-160001193125-26-158809CEO total compensation as printed in Caleres, Inc.'s own proxy. As printed: 4,143,930. Filing ↗machine: r2 · c43 · span 1055224–1055233
38Fossil Group (subject), Section 10b CEO totalDEF 14A2026-08-120001193125-26-347185CEO total compensation as printed in Fossil Group's own proxy. As printed: 2,729,504. Filing ↗machine: t55 · r6 · c14 · span 939738–939747
39Section 10a, Oxford Industries, Inc. reciprocityDEF 14A0000075288-26-000032Oxford Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Fossil Group. Filing ↗
40Section 10a, Steven Madden, Ltd. reciprocityDEF 14A0001493152-26-015299Steven Madden, Ltd. names Fossil Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, Wolverine World Wide, Inc. reciprocityDEF 14A0001140361-26-011157Wolverine World Wide, Inc.'s most recent proxy was read; its disclosed peer group does not include Fossil Group. Filing ↗
42Section 10a, Lands' End, Inc. reciprocityDEF 14A0001104659-26-036100Lands' End, Inc.'s most recent proxy was read; its disclosed peer group does not include Fossil Group. Filing ↗