ORLANDO, Fla., June 5, 2020 /PRNewswire/
-- Tupperware Brands Corporation (NYSE: TUP) (the
"Company") today announced that the Compensation & Management
Development Committee of the Company's Board of Directors (the
"Committee") approved an inducement equity award for recently hired
new executive Beatriz Díaz de la Fuente, Chief Human Resources
Officer (CHRO).
The award was approved in order to induce Ms. Díaz de la Fuente
to enter into employment with the Company on June 1, 2020 and was granted outside of the
Company's stockholder approved equity incentive plan, in reliance
on the employment inducement award exception under NYSE Listing
Rule 303A.08. The Company is issuing this press release pursuant to
the requirements of that rule.
Ms. Díaz de la Fuente received a grant of restricted stock with
a grant date of June 1, 2020 and a
fair market value calculated using the closing share price on the
date of grant of $350,000. The grant
will vest in full on the third anniversary of grant.
About Tupperware Brands Corporation
Tupperware Brands Corporation is a leading global manufacturer
and marketer of innovative, premium products through social
selling. Product brands span several categories including
design-centric food preparation, storage and serving solutions for
the kitchen and home through the Tupperware brand and beauty and
personal care products through the Avroy Shlain, Fuller Cosmetics,
NaturCare, Nutrimetics and Nuvo brands. For more information, visit
tupperwarebrands.com.
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SOURCE Tupperware Brands Corporation