Abercrombie (NYSE: ANF) EVP exercises RSUs, delivers shares to cover tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abercrombie & Fitch EVP and Chief Digital & Tech Officer Samir Desai exercised 3,918 restricted stock units into Class A common shares on March 11. Of these, 1,936 shares at $87.28 per share were withheld to cover tax obligations, not sold on the market. Following these compensation-related transactions, he directly holds 62,711 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,918 shares exercised/converted
Mixed
3 txns
Insider
Desai Samir
Role
EVP;Chief Digital&Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,918 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,918 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,936 | $87.28 | $169K |
Holdings After Transaction:
Restricted Stock Unit — 7,837 shares (Direct);
Class A Common Stock — 64,647 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 executive Samir Desai report on this Form 4?
Samir Desai reported exercising 3,918 restricted stock units into Abercrombie & Fitch Class A common shares. On the same date, 1,936 of those shares were delivered back at $87.28 per share to satisfy tax liabilities tied to the vesting.
Were Samir Desai’s ANF Form 4 transactions open-market purchases or sales?
The Form 4 shows no open-market purchases or sales. Instead, it reports an option-like RSU exercise coded “M” and a tax-withholding disposition coded “F,” meaning shares were delivered to cover tax liability rather than sold in the open market.
What does the 3,918 restricted stock unit exercise mean for ANF’s Samir Desai?
Each restricted stock unit represents a contingent right to one Abercrombie & Fitch common share. On March 11, 3,918 RSUs converted into the same number of Class A shares as part of his compensation, consistent with the vesting schedule described in the footnotes.
How do Samir Desai’s ANF restricted stock units vest over time?
The footnotes state that restricted stock units vest one-third per year beginning on the first anniversary of the grant date. As they vest, each unit converts into one share of Abercrombie & Fitch common stock, subject to applicable tax withholding obligations.
What is the significance of the F-coded tax-withholding transaction in ANF’s Form 4?
The F code indicates shares were used to pay tax liabilities related to the RSU vesting. For Samir Desai, 1,936 Class A shares at $87.28 per share were delivered for this purpose, a mechanistic tax event rather than a discretionary stock sale.