AEO legal chief exercises RSUs, shares withheld
AMERICAN EAGLE OUTFITTERS INC EVP & Chief Legal Officer Beth M. Henke exercised equity awards that converted into common stock and triggered routine tax withholding.
Rhea-AI Filing Summary
AMERICAN EAGLE OUTFITTERS INC EVP & Chief Legal Officer Beth M. Henke exercised equity awards that converted into common stock and triggered routine tax withholding. She exercised 96 Dividend Equivalent Rights and 4,042 Restricted Stock Units into a total of 4,138 shares of common stock.
To cover tax liabilities, 1,262 common shares were disposed of at $16.09 per share through a tax-withholding transaction, which is not an open-market sale. After these transactions, Henke directly held 17,175 shares of American Eagle Outfitters common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 96 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 4,042 | $0.00 | $0.00 |
| Exercise | Common Stock, without par value | 4,138 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, without par value | 1,262 | $16.09 | $20K |
Footnotes (2)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of American Eagle Outfitters common stock.
Key Figures
Key Terms
Dividend Equivalent Rights financial
Restricted Stock Unit financial
tax-withholding disposition financial
derivative exercise/conversion financial
FAQ
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What did AEO EVP Beth M. Henke report in this Form 4?
What are Dividend Equivalent Rights and RSUs in the AEO Form 4?
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