AEO Form 4: 342 dividend-equivalent units reported; holdings 46,861

Rhea-AI Filing Summary

American Eagle Outfitters (AEO): Form 4 insider update. A company director reported the acquisition of 342 share units on 10/29/2025 at a price of $0.0000, recorded as dividend equivalent rights on previously awarded share units. Following this entry, the director now beneficially owns 46,861 derivative share units, held directly.

Each share unit is economically equivalent to one share of common stock and becomes payable upon the director’s termination of service. This filing reflects routine, non-cash accruals tied to dividends rather than an open-market purchase or sale.

Insights

Equity compensation analyst

Routine non-cash dividend accrual; no market trade.

The filing records 342 share units added on 10/29/2025 at $0.0000, described as dividend equivalent rights on prior awards. These instruments mirror common stock value one-for-one and are typically used to keep award value aligned with dividends.

The units vest for payout upon termination of board service, so there is no immediate cash impact. After this entry, total derivative share units stand at 46,861, directly held. Actual market effects, if any, would depend on future service changes and delivery mechanics disclosed in subsequent company materials.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sable David M.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Units	342	$0.00	--

Holdings After Transaction: Share Units — 46,861 shares (Direct)

Footnotes (1)

1. Each share unit has the economic equivalent of one share of common stock. The share units become payable upon the reporting person's termination of service as a director. Shares represent dividend equivalent rights accrued on previously awarded share units. Total includes share units acquired pursuant to accrued dividend equivalent rights.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sable David M.

(Last) (First) (Middle)

77 HOT METAL STREET

(Street)

PITTSBURGH PA 15203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN EAGLE OUTFITTERS INC [ AEO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share Units	(1)	10/29/2025		A		342(2)		(1)	(1)	Common Stock, without par value	342	$0.0000	46,861(3)	D

Explanation of Responses:

1. Each share unit has the economic equivalent of one share of common stock. The share units become payable upon the reporting person's termination of service as a director.

2. Shares represent dividend equivalent rights accrued on previously awarded share units.

3. Total includes share units acquired pursuant to accrued dividend equivalent rights.

	Robert J. Tannous, Attorney-in-Fact	10/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did AEO disclose in this Form 4?

A director acquired 342 share units on 10/29/2025 at $0.0000, recorded as dividend equivalent rights on prior awards.

How many derivative share units does the AEO director now hold?

The director beneficially owns 46,861 derivative share units, held directly.

What are AEO share units in this context?

Each share unit has the economic equivalent of one share of common stock and becomes payable upon the director’s termination of service.

Was this an open-market purchase or sale of AEO stock?

No. The 342 units reflect dividend equivalent rights, a routine non-cash accrual, not a market trade.

Who is the issuer in this Form 4 filing?

The issuer is American Eagle Outfitters, Inc. (AEO).