[Form 4/A] ABERCROMBIE & FITCH CO /DE/ Amended Insider Trading Activity
Gregory J. Henchel, EVP, General Counsel and Secretary of Abercrombie & Fitch Co. (ANF), reported a disposition of Class A common stock totaling 8,714 shares at a price of $76.37 per share, leaving him with 45,847 shares beneficially owned following the transaction. The filing is an amendment that corrects an administrative error by adjusting 698 shares that had been over-withheld to cover tax obligations.
- Amendment corrects an administrative error by adjusting 698 over-withheld shares for tax obligations
- Transparent disclosure of the post-transaction beneficial ownership (45,847 shares) by an officer
- Officer disposed of 8,714 Class A shares, sold at $76.37 per share, reducing insider holdings
- Administrative error occurred resulting in prior over-withholding of shares to cover taxes
Insights
TL;DR: Routine insider sale and a corrective amendment for over-withheld taxes; no evidence of governance concerns.
The disclosure shows an officer sale of 8,714 Class A shares and an amended Form 4 that adjusts 698 shares previously withheld for taxes due to an administrative error. The amendment improves record accuracy and transparency. The residual beneficial ownership of 45,847 shares remains disclosed, allowing stakeholders to track executive holdings precisely. This appears to be an administrative correction rather than a governance event with material implications.
TL;DR: Insider sale reduces holdings modestly; amendment fixes tax-withholding overstatement, unlikely to be market-moving.
The reported sale at $76.37 per share for 8,714 shares is a clearly quantified disposal by a named officer. The subsequent amendment reducing previously withheld shares by 698 improves the accuracy of reported ownership. For valuation or liquidity analysis, the transaction size relative to total outstanding shares is not provided here, limiting assessment of market impact. Based solely on the filing, this is a routine reporting and correction event.