[Form 4] American Eagle Outfitters Insider Trading Activity

Rhea-AI Filing Summary

Meritage Homes Corporation (NYSE: MTH) filed an 8-K announcing it has executed the Eleventh Amendment to its Amended & Restated Credit Agreement dated June 13, 2014. The sole material change is a maturity extension on the revolving credit facility from 12 June 2029 to 9 July 2030. No other modifications—such as facility size, covenants, pricing or security—are disclosed in the filing.

The extension provides the homebuilder with an additional 13 months of committed capital, supporting liquidity through multiple housing cycles and giving management more flexibility for land acquisition, development and working-capital needs. All other terms of the facility remain governed by the existing Credit Agreement. The amendment is filed as Exhibit 10.1.

• Form type: 8-K, Item 1.01 / 2.03 (Material Definitive Agreement / Direct Financial Obligation)
• Signing officer: EVP & CFO Hilla Sferruzza (dated 9 July 2025)
• No earnings data, financial tables or covenant metrics were provided.

Positive

• Extended credit facility maturity to July 2030, lowering near-term refinancing risk and supporting liquidity planning.

Negative

• None.

Insights

Credit Markets Analyst

TL;DR – One-year revolver extension improves liquidity; limited impact otherwise.

The amendment simply pushes out final maturity to July 2030, maintaining a multi-bank backstop during a volatile housing cycle. While the step is prudent treasury management, it does not alter leverage, pricing or covenants, so cash-flow and credit metrics are unaffected. The longer tenor marginally reduces refinancing risk and could support credit ratings, but investors should await the full amendment for fee and rate details.

Equity Portfolio Manager

TL;DR – Routine debt-tenor extension, modestly positive for balance-sheet visibility.

For equity holders, the extended facility underpins Meritage’s land-buying capacity without near-term rollover risk. However, with no change in limit or cost disclosed, the event is largely neutral to valuation. Key drivers—orders, margins and cash returns—remain unchanged.

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^*

Henke Beth M

(Last) (First) (Middle)

77 HOT METAL STREET

(Street)

PITTSBURGH PA 15203

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2025

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

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
Restricted Stock Unit	(1)	07/07/2025		A		6,054		(2)	07/07/2028	Common Stock, without par value	6,054	$0.0000	6,054	D
Stock Option - Right to Buy	$9.91	07/07/2025		A		27,190		(3)	07/07/2032	Common Stock, without par value	27,190	$0.0000	27,190	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of American Eagle Outfitters common stock.

2. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the date of grant.

3. Option vests 1/3 per year beginning on the first anniversary of the date of grant.

	Robert J. Tannous, Attorney-in-Fact	07/09/2025
	** 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

What did Meritage Homes (MTH) announce in its July 9 2025 8-K?

The company executed its Eleventh Amendment to the Credit Agreement, extending the facility’s maturity from June 12 2029 to July 9 2030.

Does the amendment change the size or pricing of MTH’s revolving credit facility?

The filing mentions only a maturity extension; it does not disclose any changes to size, pricing, or covenants.

Why is extending the credit facility maturity important for Meritage Homes?

It secures committed capital for an additional 13 months, reducing refinancing risk and enhancing financial flexibility during housing-market cycles.

Where can investors find the full text of the Eleventh Amendment?

The amendment is filed as Exhibit 10.1 to the 8-K and is incorporated by reference.

Who signed the 8-K on behalf of Meritage Homes?

Executive Vice President & Chief Financial Officer Hilla Sferruzza signed the report on July 9 2025.