Abercrombie (NYSE: ANF) EVP exercises 1,800 RSUs; 803 shares used for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abercrombie & Fitch EVP Human Resources Jay Rust exercised restricted stock units that converted into 1,800 shares of Class A common stock at an exercise price of $0.00 per share. As part of this event, 803 shares were withheld at $87.28 per share to cover tax obligations, which is not an open-market sale.
After these transactions, Rust directly holds 9,231 shares of Class A common stock. The footnotes explain that each restricted stock unit represents the right to receive one share of common stock and that such units vest one-third per year beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,800 shares exercised/converted
Mixed
3 txns
Insider
Rust Jay
Role
EVP Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,800 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,800 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 803 | $87.28 | $70K |
Holdings After Transaction:
Restricted Stock Unit — 3,601 shares (Direct);
Class A Common Stock — 10,034 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. Restricted stock units vest one-third per year beginning on the first anniversary of the date of grant.
FAQ
What insider transaction did ANF executive Jay Rust report on this Form 4?
EVP Human Resources Jay Rust reported exercising restricted stock units into 1,800 shares of Abercrombie & Fitch Class A common stock. The filing also shows a related tax-withholding disposition of 803 shares, handled in stock rather than cash, as part of the same event.
How do Jay Rust’s restricted stock units in ANF vest according to the filing?
The footnotes explain that each restricted stock unit equals a right to one Abercrombie & Fitch share. These RSUs vest one-third per year, beginning on the first anniversary of the grant date, creating a multi-year vesting schedule that gradually delivers common shares.
What types of transactions are disclosed for ANF executive Jay Rust in this Form 4?
The ANF Form 4 for Jay Rust reports a derivative exercise/conversion of 1,800 restricted stock units into common shares and a separate tax-withholding disposition of 803 shares. Both are treated as compensation-related events, not discretionary trading in the open market.