Abercrombie & Fitch (ANF) controller exercises RSUs, 85 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abercrombie & Fitch GVP Corporate Controller Joseph Frericks exercised restricted stock units and settled related taxes in shares. He converted 291 restricted stock units into 291 shares of Class A common stock at a stated price of $0.00 per share. A separate transaction shows 85 shares of Class A common stock withheld at $84.08 per share to cover tax obligations tied to this equity award, leaving him with 8,802 directly held shares. Footnotes explain that each restricted stock unit represents a contingent right to receive one share of common stock and that such units vest 25% per year beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
291 shares exercised/converted
Mixed
3 txns
Insider
Frericks Joseph
Role
GVP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 291 | $0.00 | -- |
| Exercise | Class A Common Stock | 291 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 85 | $84.08 | $7K |
Holdings After Transaction:
Restricted Stock Unit — 581 shares (Direct);
Class A Common Stock — 8,887 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. Restricted stock unit vests 25% per year beginning on the first anniversary of the date of grant.
FAQ
What insider transaction did ANF executive Joseph Frericks report on this Form 4?
Joseph Frericks reported exercising 291 restricted stock units into Class A common stock. In a related move, 85 shares were withheld at $84.08 per share to satisfy tax obligations arising from this equity award, reflecting a routine compensation-related transaction rather than an open-market trade.
What does the F transaction code mean in Joseph Frericks’ ANF Form 4 filing?
The F code indicates shares were disposed of to pay exercise price or tax liability. In this case, 85 shares of Class A common stock were withheld at $84.08 per share to cover tax obligations associated with the restricted stock unit equity award, not sold on the open market.
How do the ANF restricted stock units reported by Joseph Frericks vest over time?
Footnotes state that the restricted stock units vest 25% per year beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Abercrombie & Fitch common stock as the vesting schedule is satisfied over four years.
Is Joseph Frericks’ ANF Form 4 primarily a buy, sell, or compensation event?
The Form 4 reflects a compensation-related equity event, not open-market buying or selling. Frericks exercised 291 restricted stock units into common shares, then had 85 shares withheld to cover tax liabilities, a routine pattern for equity-based executive compensation awards.