American Eagle (NYSE: AEO) EVP granted 192 dividend equivalent rights tied to RSUs

Rhea-AI Filing Summary

Baldwin Marisa reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN EAGLE OUTFITTERS INC executive Marisa Baldwin reported a compensation-related stock award. She received 192 dividend equivalent rights on April 24, 2026, tied to previously granted restricted stock units. Each right is the economic equivalent of one share of American Eagle Outfitters common stock and vests proportionately with the related RSUs.

Following this award, she holds 715 dividend equivalent rights directly. This filing reflects routine equity compensation, not an open-market purchase or sale of shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Baldwin Marisa

Role EVP - CHRO

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	192	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 715 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend equivalent rights granted: 192 rights Total dividend equivalent rights after grant: 715 rights Grant price per right: $0.00 per right +1 more

4 metrics

Dividend equivalent rights granted 192 rights Grant on April 24, 2026

Total dividend equivalent rights after grant 715 rights Holdings following April 24, 2026 award

Grant price per right $0.00 per right Compensation award, not market purchase

Underlying common stock equivalence 1 share per right Each right equals one AEO common share economically

Key Terms

Dividend Equivalent Rights, restricted stock units, economic equivalent

3 terms

Dividend Equivalent Rights financial

"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs)"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

restricted stock units financial

"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs)"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share of American Eagle Outfitters common stock."

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^*

Baldwin Marisa

(Last) (First) (Middle)

77 HOT METAL STREET

(Street)

PITTSBURGH PENNSYLVANIA 15203

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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

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

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

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
Dividend Equivalent Rights	(1)	04/24/2026		A		192		(1)	(1)	Common Stock, without par value	192	$0.0000	715	D

Explanation of Responses:

1. The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of American Eagle Outfitters common stock.

	Robert J. Tannous, Attorney-in-Fact	04/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did AEO executive Marisa Baldwin report in this Form 4 filing?

Marisa Baldwin reported receiving 192 dividend equivalent rights as part of her equity compensation. These rights are tied to previously granted restricted stock units and increase her total dividend equivalent rights holdings to 715, reflecting a routine award rather than market trading activity.

What are dividend equivalent rights in the AEO Form 4 for Marisa Baldwin?

Dividend equivalent rights give the holder economic value equal to AEO common stock dividends. In this filing, they accrued on previously awarded restricted stock units and vest proportionately with those RSUs, with each right economically equivalent to one share of American Eagle Outfitters common stock.

How many AEO dividend equivalent rights does Marisa Baldwin hold after this transaction?

After receiving 192 new dividend equivalent rights, Marisa Baldwin holds a total of 715 dividend equivalent rights. All are reported as directly owned and relate to previously granted restricted stock units that will vest over time according to their existing vesting schedule.

Was the AEO Form 4 transaction an open-market buy or sell of common stock?

No, the transaction was not an open-market buy or sell. It was coded as a grant or award of 192 dividend equivalent rights with a price of $0.00 per right, tied to existing restricted stock units as part of routine executive compensation.

How do the dividend equivalent rights in this AEO filing vest over time?

The dividend equivalent rights vest proportionately with the restricted stock units to which they relate. As each portion of the RSUs vests, the corresponding dividend equivalent rights vest as well, maintaining alignment between the underlying equity awards and associated economic dividend value.