Abercrombie & Fitch (NYSE: ANF) EVP exercises 1,244 RSUs, 549 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abercrombie & Fitch Co. executive vice president and general counsel Gregory J. Henchel exercised 1,244 restricted stock units, receiving the same number of Class A common shares. These units represent a right to one share each and vest one-third per year starting on the first grant anniversary.
To cover tax obligations related to the vesting, 549 Class A shares were withheld at $84.08 per share, rather than sold on the open market. After these routine compensation-related transactions, Henchel directly holds 49,932 Class A common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,244 shares exercised/converted
Mixed
3 txns
Insider
HENCHEL GREGORY J
Role
EVP, Gen Cnsl & Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,244 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,244 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 549 | $84.08 | $46K |
Holdings After Transaction:
Restricted Stock Unit — 1,245 shares (Direct);
Class A Common Stock — 50,481 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 one-third per year beginning on the first anniversary of the date of grant.
FAQ
What insider transaction did ANF executive Gregory Henchel report on this Form 4?
Gregory J. Henchel reported exercising 1,244 restricted stock units into 1,244 Class A common shares. As part of the same event, 549 shares were withheld to satisfy tax obligations, leaving him with 49,932 Class A shares held directly after the transactions.
What do the restricted stock units in Gregory Henchel’s ANF Form 4 represent?
Each restricted stock unit represents a contingent right to receive one share of Abercrombie & Fitch common stock. These units vest in three equal annual installments, beginning on the first anniversary of the original grant date, turning into deliverable Class A shares upon vesting.
How are Gregory Henchel’s ANF restricted stock units scheduled to vest?
The restricted stock units are structured to vest one-third per year. Vesting begins on the first anniversary of the grant date, so the award converts into Class A shares in three equal annual installments, subject to the underlying terms and continued eligibility requirements.