Abercrombie EVP exercises 11,754 RSUs, pays taxes
Abercrombie & Fitch Co. executive Samir Desai exercised restricted stock units into common shares as part of his compensation.
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
Exercise
3 txns
Insider
Desai Samir
Role
EVP;Chief Digital&Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 11,754 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 11,754 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 5,829 | $86.27 | $503K |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Class A Common Stock — 60,729 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F2. Restricted stock units vest one-third per year beginning on the first anniversary of the date of grant.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.