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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 780 | $0.00 | -- |
| Exercise | Class A Common Stock | 780 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 227 | $87.51 | $20K |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. Restricted stock units vest 50% on March 22, 2025 and 50% on March 22, 2026.
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.
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.