Abercrombie & Fitch (ANF) controller exercises RSUs, holds 9,355 shares
Rhea-AI Filing Summary
Abercrombie & Fitch executive Joseph Frericks exercised restricted stock units into common shares as part of his compensation. On March 23, 2026, 780 restricted stock units converted into 780 shares of Class A common stock at a stated price of $0.00 per share. Of these, 227 shares were automatically disposed of at $87.51 per share to satisfy tax obligations, which is a standard tax-withholding mechanism rather than an open-market sale. Following these transactions, Frericks directly holds 9,355 shares of Class A common stock.
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FAQ
What insider transaction did ANF executive Joseph Frericks report on this Form 4?
Joseph Frericks reported exercising 780 restricted stock units into Class A common shares. These units converted at a stated price of $0.00 per share, reflecting a compensation-related equity vesting rather than an open-market purchase of Abercrombie & Fitch (ANF) stock.
How many Abercrombie & Fitch (ANF) shares were used for tax withholding in this Form 4?
The filing shows 227 shares of Class A common stock were disposed of at $87.51 per share. These shares were withheld to cover tax obligations arising from the restricted stock unit conversion, a routine non-market transaction often seen with equity compensation vesting.
How many ANF shares does Joseph Frericks hold after the reported transactions?
After the March 23, 2026 transactions, Joseph Frericks directly holds 9,355 shares of Abercrombie & Fitch Class A common stock. This figure reflects his position following the restricted stock unit exercise and the related tax-withholding share disposition noted in the Form 4.
What type of securities were involved in Joseph Frericks’ ANF Form 4 filing?
The filing involves restricted stock units that convert into Class A common stock of Abercrombie & Fitch. Each restricted stock unit represents a contingent right to receive one common share, with vesting occurring in scheduled tranches as part of Frericks’ equity compensation package.
How do the ANF restricted stock units for Joseph Frericks vest over time?
The restricted stock units vest in two equal installments. According to the footnotes, 50% of the units vest on March 22, 2025, and the remaining 50% vest on March 22, 2026, creating a multi-year incentive structure for the Abercrombie & Fitch executive.
Was the ANF Form 4 transaction an open-market buy or sell of shares?
The reported transactions were not open-market trades. They reflect the exercise of restricted stock units into shares and a related tax-withholding disposition. No open-market purchase or sale decision was reported, indicating these actions are primarily compensation and tax-related events.