Abercrombie & Fitch (ANF) CEO exercises 48,484 RSUs, 21,382 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abercrombie & Fitch Chief Executive Officer Fran Horowitz exercised restricted stock units that converted into 48,484 shares of Class A common stock. Each unit represents one share of common stock and the award vests one-third per year from the grant date. To cover tax obligations related to this vesting, 21,382 shares were withheld and disposed of at $86.27 per share. After these transactions, Horowitz directly holds 335,605 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
48,484 shares exercised/converted
Mixed
3 txns
Insider
Horowitz Fran
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 48,484 | $0.00 | -- |
| Exercise | Class A Common Stock | 48,484 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 21,382 | $86.27 | $1.84M |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Class A Common Stock — 356,987 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 transactions did ANF CEO Fran Horowitz report on this Form 4?
Fran Horowitz exercised restricted stock units into 48,484 Class A shares. The filing also shows 21,382 of those shares were withheld and disposed of to satisfy tax obligations, with the remaining shares increasing her direct ownership position.
What was the tax withholding component in the ANF CEO’s Form 4 filing?
The filing shows 21,382 ANF shares were disposed of for tax withholding. These shares were valued at $86.27 per share and were delivered to satisfy tax liabilities arising from the vesting and conversion of restricted stock units into common shares.
What type of equity award did the ANF CEO exercise in this Form 4?
The CEO exercised restricted stock units (RSUs) into Class A common stock. Each RSU represents a contingent right to receive one share, and the award is structured to vest one-third per year beginning on the first anniversary of the grant date.
Does the ANF CEO’s Form 4 indicate any open-market buying or selling?
The transactions reflect RSU exercise and tax withholding, not open-market trades. The Form 4 codes show an exercise or conversion of derivative securities and a disposition solely to satisfy tax liabilities, rather than discretionary purchases or sales on the open market.