American Eagle Outfitters (AEO) director fully exits reported share position

Rhea-AI Filing Summary

American Eagle Outfitters director Cary D. McMillan reported selling his remaining common shares of AEO. On January 14, 2026, he executed two open-market sales of American Eagle Outfitters common stock, one for 200 shares at $26.20 per share and another for 1,696 shares at $26.216 per share. After these transactions, his directly held beneficial ownership reported for this security decreased to 0 shares.

Insights

Corporate governance and insider trading analyst

American Eagle director sells all reported directly held AEO shares in two trades.

The filing shows director Cary D. McMillan disposed of American Eagle Outfitters common stock in two sales on January 14, 2026. He sold 200 shares at $26.20 and 1,696 shares at $26.216 per share, all reported as directly owned common stock.

These are routine open-market sales coded "S" and there are no derivative securities reported. Following the transactions, his reported directly owned position in this security is 0 shares, which indicates a full exit of his direct holdings as disclosed here.

The overall impact depends on how this size compares to total shares outstanding, which is not detailed in the excerpt. Subsequent company disclosures may provide broader context on board-level ownership trends, but this filing itself only documents these specific sales.

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^*

MCMILLAN CARY D

(Last) (First) (Middle)

225 WEST WACKER DRIVE - SUITE 1600

(Street)

CHICAGO IL 60606

(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)
01/14/2026

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
Common Stock, without par value	01/14/2026		S		200	D	$26.2	1,696	D
Common Stock, without par value	01/14/2026		S		1,696	D	$26.216	0.0000	D

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

Explanation of Responses:

	Robert J. Tannous, Attorney-in-Fact	01/15/2026
	** 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.

FAQ

Who is the insider in this American Eagle Outfitters (AEO) Form 4 filing?

The Form 4 is filed for Cary D. McMillan, who is identified as a director of American Eagle Outfitters Inc.

What transactions in AEO stock did Cary D. McMillan report?

He reported two open-market sales of American Eagle Outfitters common stock on January 14, 2026, both coded as "S" for sale.

How many AEO shares did the director sell and at what prices?

He sold 200 shares at $26.20 per share and 1,696 shares at $26.216 per share of American Eagle Outfitters common stock.

How many AEO shares does Cary D. McMillan own after these transactions?

After the reported transactions, the Form 4 shows 0 shares of American Eagle Outfitters common stock beneficially owned in his direct ownership account.

Are any derivative securities reported for Cary D. McMillan in this AEO Form 4?

No. The section for derivative securities shows no entries, indicating no derivative securities were reported in this filing.

Is the AEO Form 4 filed for more than one reporting person?

No. The filing indicates that it is a Form filed by one reporting person, covering only Cary D. McMillan.