Federal Signal says General Counsel Daniel DuPré's separation agreement sets equity award terms
Federal Signal disclosed a Separation Agreement with Daniel A. DuPré, its former Vice President, General Counsel and Secretary, who retired and last worked for the company on September 2, 2022. The agreement accelerates pro-rata vesting of restricted stock, performance-based RSUs and stock options, and extends option expiration dates to the earlier of September 2, 2027 or original expiration.
- Agreement effective September 12, 2022; DuPré's last day of employment was September 2, 2022
- Accelerated vesting of 2,608 and 1,031 restricted stock units (2020 and 2021 grants) and 5,909 and 2,333 performance-based RSUs, subject to performance
- Accelerated vesting of 1,327 and 820 stock options; option expiration extended to the earlier of September 2, 2027 or original expiration date
- DuPré released claims against the company and agreed to non-compete and non-solicitation provisions