Bernard Mariette forfeits unvested stock

Quiksilver President Bernard Mariette at the ICR XChange conference in Dana Point in January.

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According to a filing with the SEC, Bernard Mariette has forfeited 245,000 shares of unvested restricted stock that was due to vest in the coming years.

Quiksilver announced this week that Bernard, the architect of the Rossignol acquisition, was leaving the company and may try to put together a deal to buy the ski brand. Bernard worked at Quiksilver 15 years, mostly in its European operation.

The SEC document states Bernard on Monday disposed of:

 

  •  190,000 shares that were due to vest in 2011

 

  •  20,000 shares due to vest in 2012

 

  •  35,000 shares due to vest in 2010.

Because the stock was not vested, there was no monetary value attached to the forfeiture.

Here’s a link to the document if you want to see it yourself.

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