Birkenstock (BIRK) director settles RSUs and withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Birkenstock Holding plc director Ruth Anne Francis Kennedy reported routine equity compensation activity involving Restricted Stock Units (RSUs). On April 29, 2026, 1,623 RSUs were exercised into the same number of Ordinary Shares at a stated price of $0.00 per share.
On the same date, 744 Ordinary Shares were withheld at $37.50 per share to cover tax withholding obligations tied to the RSU vesting, as described in the footnotes. These withheld shares were a tax-withholding disposition, not an open‑market sale.
After these transactions, Kennedy directly held 6,484 Ordinary Shares. The filing shows compensation-related RSU settlement with associated tax withholding, rather than discretionary buying or selling of shares on the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,623 shares exercised/converted
Mixed
3 txns
Insider
Kennedy Ruth Anne Francis
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,623 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,623 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 744 | $37.50 | $28K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Ordinary Shares — 7,228 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share upon settlement. Represents shares withheld to pay tax withholding obligations due on the date of vesting of RSUs.
Key Figures
RSUs exercised: 1,623 units
Shares withheld for taxes: 744 shares
Tax withholding price: $37.50 per share
+2 more
5 metrics
RSUs exercised
1,623 units
Restricted Stock Units converted to Ordinary Shares on April 29, 2026
Shares withheld for taxes
744 shares
Ordinary Shares withheld at $37.50 to cover tax obligations
Tax withholding price
$37.50 per share
Value used for shares withheld to pay tax on RSU vesting
Shares held after transaction
6,484 shares
Director’s direct Ordinary Share holdings following Form 4 transactions
Exercise price of RSUs
$0.00 per unit
Stated exercise/conversion price for 1,623 RSUs into Ordinary Shares
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security, Ordinary Shares
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share upon settlement."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares withheld to pay tax withholding obligations due on the date of vesting of RSUs."
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Birkenstock (BIRK) director Ruth Anne Francis Kennedy report?
She reported routine RSU settlement and tax withholding. 1,623 Restricted Stock Units converted into the same number of Ordinary Shares, and 744 shares were withheld to satisfy tax obligations related to the vesting event.
How does the Form 4 describe the Birkenstock (BIRK) RSU instruments involved?
Each Restricted Stock Unit is described as representing a contingent right to receive one Ordinary Share upon settlement. When the RSUs vested on the reported date, they converted into an equal number of Birkenstock Ordinary Shares for the director.