Abercrombie & Fitch (NYSE: ANF) EVP vests RSUs with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abercrombie & Fitch EVP of Human Resources Jay Rust reported routine equity compensation activity involving restricted stock units. On the reported date, Rust exercised 1,037 restricted stock units, receiving 1,037 shares of Class A common stock as part of his compensation.
To satisfy tax obligations related to this vesting, 463 shares of Class A common stock were withheld at a price of $84.08 per share. After these transactions, Rust directly held 9,805 shares of Class A common stock, reflecting a modest, compensation-driven change in his ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,037 shares exercised/converted
Mixed
3 txns
Insider
Rust Jay
Role
EVP Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,037 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,037 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 463 | $84.08 | $39K |
Holdings After Transaction:
Restricted Stock Unit — 1,037 shares (Direct);
Class A Common Stock — 10,268 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 Jay Rust report on this Form 4?
Jay Rust reported exercising 1,037 restricted stock units into Class A common shares. As part of this equity compensation event, a portion of the resulting shares was automatically withheld to cover taxes, making the activity largely administrative rather than an open-market trade.
Was Jay Rust’s ANF Form 4 transaction an open-market stock sale or purchase?
The transaction was not an open-market sale or purchase. It reflects the exercise of 1,037 restricted stock units and automatic withholding of 463 shares for taxes, which is a standard mechanism for settling tax liabilities on equity compensation awards.
What does each ANF restricted stock unit represent in Jay Rust’s Form 4 filing?
Each restricted stock unit represents a contingent right to receive one share of Abercrombie & Fitch common stock. These units generally vest over time, with this award vesting one-third per year starting on the first anniversary of the grant date, according to the filing’s footnotes.