SHELTON, Conn., Dec. 3,
2021 /PRNewswire/ -- Edgewell Personal Care Company (NYSE:
EPC) today announced that in connection with its
previously-announced acquisition of Billie, Inc. on November 29, 2021, the company has granted
to each of Jason Bravman and
Georgina Gooley, co-founders of
Billie, Inc., stock options covering 90,000 Edgewell shares and
restricted stock units covering 70,657 Edgewell shares, with the
awards vesting twenty-five percent on each of December 1, 2022 and 2023 and fifty percent on
December 1, 2024, subject to
continued employment through the applicable vesting
dates.
Billie is a fast growing, digitally native, direct-to-consumer
brand focused on providing women with high-quality shaving and
premium body care products. The Billie brand complements and
strengthens Edgewell's position in the women's shaving category, by
adding to a portfolio of strong brands such as Schick Intuition,
Hydro Silk and Skintimate.
In addition, Edgewell has established an equity award inducement
program for certain Billie, Inc. employees that will cover 36,055
shares of Edgewell stock, vesting ratably over a three-year period,
subject to continued employment through the applicable vesting
dates. The equity award grants to the Billie, Inc. co-founders and
any grants under the equity award inducement program will be made
outside of a shareholder approved equity plan pursuant to the
inducement award exception contained in NYSE Listing Rule
303A.08.
About Edgewell
Edgewell is a leading pure-play
consumer products company with an attractive, diversified portfolio
of established brand names such as Schick® and Wilkinson Sword®
men's and women's shaving systems and disposable razors; Edge® and
Skintimate® shave preparations; Playtex®, Stayfree®, Carefree® and
o.b.® feminine care products; Banana Boat®, Hawaiian Tropic®,
Bulldog®, Jack Black®, and CREMO® sun and skin care products; and
Wet Ones® moist wipes. The Company has a broad global
footprint and operates in more than 50 markets, including the U.S.,
Canada, Mexico, Germany, Japan, the U.K. and Australia, with approximately 5,800 employees
worldwide.
About Billie, Inc.
Billie provides women with quality
shaving supplies and premium body care products designed to make a
daily routine a little more delightful and a lot more affordable.
Our products include 5-blade razors encased in charcoal shave soap
with a magnetic handle and holder, shaving cream, body wash and
body lotion. Billie donates 1% of all revenue to women's causes
around the world. Billie is currently donating to Every Mother
Counts, an organization that is committed to making pregnancy and
childbirth safe for women everywhere.
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SOURCE Edgewell Personal Care Company