American Eagle (NYSE: AEO) insider granted dividend equivalent rights

Rhea-AI Filing Summary

Keefer James H JR reported acquisition or exercise transactions in this Form 4 filing.

American Eagle Outfitters executive James H. Keefer Jr., SVP, Controller & CAO, received a routine equity-related compensation grant. On the transaction date, he was awarded 136 dividend equivalent rights tied to previously granted restricted stock units.

Each dividend equivalent right is the economic equivalent of one share of American Eagle Outfitters common stock and will vest in step with the related RSUs. Following this award, Keefer directly holds 534 dividend equivalent rights, reflecting accrued value from past RSU grants rather than any open-market trading.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Keefer James H JR

Role SVP, Controller & CAO

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	136	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 534 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend equivalent rights granted: 136 rights Total dividend equivalent rights after grant: 534 rights Derivative transactions in filing: 1 transaction

3 metrics

Dividend equivalent rights granted 136 rights Award to SVP on 2026-04-24

Total dividend equivalent rights after grant 534 rights Holdings following the reported transaction

Derivative transactions in filing 1 transaction Single compensation-related derivative award reported

Key Terms

Dividend Equivalent Rights, restricted stock units (RSUs), 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 (RSUs) financial

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

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

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^*

Keefer James H JR

(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)
	SVP, Controller & CAO

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		136		(1)	(1)	Common Stock, without par value	136	$0.0000	534	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 American Eagle (AEO) insider James H. Keefer Jr. receive in this Form 4?

James H. Keefer Jr., an American Eagle Outfitters executive, received 136 dividend equivalent rights. These rights are tied to previously granted restricted stock units and represent compensation rather than an open-market stock purchase or sale, aligning his incentives with common shareholders over time.

What are dividend equivalent rights reported for AEO in this filing?

The dividend equivalent rights are awards that mirror dividends on 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, effectively tracking dividend value until those RSUs vest.

How many dividend equivalent rights does the AEO executive hold after this transaction?

After this grant, the American Eagle Outfitters executive holds 534 dividend equivalent rights in total. This figure includes the newly awarded 136 rights and reflects accumulated value from earlier RSU grants, showing his ongoing equity-linked compensation position with the company.

Was there any open-market buying or selling of AEO stock in this Form 4?

No open-market buying or selling occurred in this Form 4. The transaction records an acquisition of dividend equivalent rights as compensation, not a market trade. The reporting executive did not purchase or sell American Eagle Outfitters common stock on the open market in this filing.

How do these dividend equivalent rights relate to RSUs at American Eagle (AEO)?

The dividend equivalent rights accrue on previously awarded restricted stock units at American Eagle. They vest proportionately with those RSUs and each is economically equal to one common share, allowing the executive to receive dividend-like value once the underlying RSUs vest.