AEO (AEO) CEO converts RSUs into 45,767 shares, 18,229 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN EAGLE OUTFITTERS INC Executive Chairman & CEO Jay L. Schottenstein exercised equity awards into common stock and had shares withheld for taxes. On March 30, 2026, he converted 3,751 dividend equivalent rights and 42,016 restricted stock units into 45,767 shares of common stock at a stated exercise price of $0.00 per share.
Of these shares, 18,229 shares were disposed of at $16.09 per share to satisfy tax obligations, leaving him with 2,225,220 shares of common stock held directly. He also reports indirect holdings of 2,611,235 shares through Schottenstein SEI, LLC, 2,971,202 shares through SEI, Inc., and 6,386,995 shares held by trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,767 shares exercised/converted
Mixed
7 txns
Insider
SCHOTTENSTEIN JAY L
Role
Exec Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 3,751 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 42,016 | $0.00 | -- |
| Exercise | Common Stock, without par value | 45,767 | $0.00 | -- |
| Tax Withholding | Common Stock, without par value | 18,229 | $16.09 | $293K |
| holding | Common Stock, without par value | -- | -- | -- |
| holding | Common Stock, without par value | -- | -- | -- |
| holding | Common Stock, without par value | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 8,354 shares (Direct);
Restricted Stock Unit — 0 shares (Direct);
Common Stock, without par value — 2,243,449 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
Shares acquired via conversions: 45,767 shares
Dividend equivalent rights converted: 3,751 rights
Restricted stock units converted: 42,016 RSUs
+5 more
8 metrics
Shares acquired via conversions
45,767 shares
Common stock from equity award conversions on March 30, 2026
Dividend equivalent rights converted
3,751 rights
Each equal to one share of AEO common stock
Restricted stock units converted
42,016 RSUs
Each RSU represents one share of AEO common stock
Shares withheld for taxes
18,229 shares
Tax-withholding disposition at $16.09 per share
Price for tax-withholding shares
$16.09 per share
Used to satisfy exercise price or tax liability
Direct holdings after transactions
2,225,220 shares
Common stock held directly by Jay L. Schottenstein
Indirect holdings via Schottenstein SEI, LLC
2,611,235 shares
Common stock held indirectly
Trust-held shares
6,386,995 shares
Owned by trusts with Mr. Schottenstein or spouse as trustee
Key Terms
Dividend Equivalent Rights, Restricted Stock Unit, tax-withholding disposition, contingent right, +2 more
6 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 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..."
trusts financial
"Shares owned by trusts as to which Mr. Schottenstein or his spouse serve as trustee..."
A trust is a legal arrangement where one party (the trustee) holds and manages assets—like cash, stocks, property, or a pool of investments—on behalf of others (the beneficiaries). For investors it matters because trusts can package assets into a single, managed vehicle that may offer professional oversight, specific tax or estate benefits, and tradeable shares or units that change how you access, control, and receive income from those assets; think of it as a secure box managed for your financial benefit.
