Abercrombie EVP exercises 1,800 RSUs, 803 for taxes
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,800 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,800 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 803 | $87.28 | $70K |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F2. Restricted stock units vest one-third per year beginning on the first anniversary of the date of grant.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ANF executive Jay Rust report on this Form 4?
How do Jay Rust’s restricted stock units in ANF vest according to the filing?
What types of transactions are disclosed for ANF executive Jay Rust in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.