Dividend Equivalent. From the Date of Award through the Settlement Date, Director shall be credited with additional RSUs equivalent to the dividends (“Dividend Equivalent”) the Director would have received if the Director had been the owner of a number of shares of Common Stock equal to the number of RSUs credited to the Director on such dividend payment date. Any such Dividend Equivalent shall be converted into additional RSUs based on the fair market value of Common Stock on the dividend payment date.
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Sources: Restricted Stock Unit Agreement (Caleres Inc), Restricted Stock Unit Agreement (Brown Shoe Co Inc)
Dividend Equivalent. From the Date of Award through the Settlement Date, Director shall be credited with additional RSUs equivalent to the dividends (“"Dividend Equivalent”") the Director would have received if the Director had been the owner of a number of shares of Common Stock equal to the number of RSUs credited to the Director on such dividend payment date. Any such Dividend Equivalent shall be converted into additional RSUs based on the fair market value Fair Market Value of Common Stock on the dividend payment date.
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