AEO (AEO) CEO Schottenstein exercises stock units and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Eagle Outfitters’ Executive Chairman & CEO Jay L. Schottenstein exercised equity awards and had shares withheld for taxes. On April 2, 2026, he converted 3,307 dividend equivalent rights and two blocks of restricted stock units totaling 76,054 units into 79,361 shares of common stock at a conversion price of $0.00 per share. To cover tax obligations, 31,610 shares of common stock were disposed of at $16.84 per share through tax withholding, a non–open-market transaction. Following these transactions, he held 2,272,971 shares of common stock directly, with additional indirect holdings reported through Schottenstein SEI, LLC, SEI, Inc. and various family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
79,361 shares exercised/converted
Mixed
8 txns
Insider
SCHOTTENSTEIN JAY L
Role
Exec Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 3,307 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 50,066 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 25,988 | $0.00 | -- |
| Exercise | Common Stock, without par value | 79,361 | $0.00 | -- |
| Tax Withholding | Common Stock, without par value | 31,610 | $16.84 | $532K |
| holding | Common Stock, without par value | -- | -- | -- |
| holding | Common Stock, without par value | -- | -- | -- |
| holding | Common Stock, without par value | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 5,047 shares (Direct);
Restricted Stock Unit — 100,132 shares (Direct);
Common Stock, without par value — 2,304,581 shares (Direct);
Common Stock, without par value — 2,611,235 shares (Indirect, By Schottenstein SEI, LLC)
Footnotes (1)
- Shares owned by trusts as to which Mr. Schottenstein or his spouse serve as trustee of various family trusts. 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. Each restricted stock unit represents a contingent right to receive one share of American Eagle Outfitters common stock. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
Awards exercised into shares: 79,361 shares
Tax-withholding shares: 31,610 shares
Tax-withholding price: $16.84 per share
+5 more
8 metrics
Awards exercised into shares
79,361 shares
Common stock from dividend equivalent rights and RSUs on April 2, 2026
Tax-withholding shares
31,610 shares
Shares withheld at $16.84 to cover tax obligations
Tax-withholding price
$16.84 per share
Value used for F-code tax-withholding disposition
Direct common stock holdings
2,272,971 shares
Direct AEO common stock held after transactions
Indirect holdings via Schottenstein SEI, LLC
2,611,235 shares
Indirect AEO common stock reported as held by Schottenstein SEI, LLC
Indirect holdings via SEI, Inc.
2,971,202 shares
Indirect AEO common stock reported as held by SEI, Inc.
Indirect holdings via trusts
6,386,995 shares
Indirect AEO common stock held by various family trusts
Derivative exercise price
$0.00 per unit
Conversion price for RSUs and dividend equivalent rights
Key Terms
Dividend Equivalent Rights, Restricted Stock Unit, tax-withholding disposition, contingent right, +1 more
5 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on previously awarded restricted stock units"
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 Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
vest in three equal annual installments financial
"The restricted stock units vest in three equal annual installments"
