Abercrombie & Fitch (NYSE: ANF) EVP converts 11,754 RSUs, 5,829 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abercrombie & Fitch Co. executive Samir Desai exercised restricted stock units into common shares as part of his compensation. On this date, 11,754 restricted stock units converted into 11,754 shares of Class A common stock. To cover tax obligations on this vesting event, 5,829 of those shares were withheld at a price of $86.27 per share, a non-market transaction. Following these transactions, Desai directly holds 60,729 shares of Abercrombie & Fitch Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,754 shares exercised/converted
Mixed
3 txns
Insider
Desai Samir
Role
EVP;Chief Digital&Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 11,754 | $0.00 | -- |
| Exercise | Class A Common Stock | 11,754 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,829 | $86.27 | $503K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Class A Common Stock — 66,558 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. Restricted stock units vest one-third per year beginning on the first anniversary of the date of grant.
FAQ
What insider transaction did ANF executive Samir Desai report on this Form 4?
Samir Desai reported exercising restricted stock units that converted into 11,754 shares of Abercrombie & Fitch Class A common stock. This reflects a compensation-related vesting event rather than an open-market purchase, with part of the shares then withheld to satisfy tax obligations.
What does the M and F transaction coding mean in Samir Desai’s ANF Form 4?
The M code marks the exercise or conversion of derivative securities, here restricted stock units turning into common shares. The F code indicates shares withheld to pay exercise price or tax liabilities, meaning the withheld 5,829 ANF shares were used to satisfy taxes, not sold on the open market.