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New CEO awarded 200,000 restricted stock units.
April 24, 2012
By: TOM BRANNA
In conjunction with its recent hiring of Sherilyn S. (Sheri) McCoy as chief executive officer and in accordance with the terms of her previously disclosed offer letter agreement, McCoy was granted a sign-on award of 200,000 restricted stock units (RSUs) for Avon common stock. These RSUs were granted outside the terms of the company’s 2010 Stock Incentive Plan in reliance on the exemption under NYSE Listed Company Manual Rule 303A.08, which requires this public announcement.
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