Capri Holdings (NYSE: CPRI) CEO logs 166K RSU grant and 1M-share trust
Rhea-AI Filing Summary
Capri Holdings Ltd (CPRI) reported amended Form 4 activity for Chairman & CEO John D. Idol covering multiple RSU-related transactions on June 15–17, 2026. A previously filed RSU grant was corrected to 166,192 units from 166,113. Across these dates, 251,566 RSUs were settled into ordinary shares, and 124,405 shares were delivered or withheld to satisfy tax liabilities. A grant of 166,192 new RSUs was issued on June 15, 2026, vesting in three equal annual installments from 2027 to 2029. In addition, 1,000,000 ordinary shares are reported as held indirectly via the John D. Idol 2026 grantor retained annuity trust, while the amounts reported exclude 54,600 shares held by the Idol Family Foundation, for which Idol disclaims beneficial ownership.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 127,161 shares
Net Buy
14 txns
Insider
IDOL JOHN D
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units F2, F7, F8, F9 | 52,182 | $0.00 | $0.00 |
| Exercise | Ordinary shares, no par value F2 | 52,182 | $0.00 | $0.00 |
| Tax Withholding | Ordinary shares, no par value F3 | 25,413 | $19.73 | $501K |
| Exercise | Restricted share units F2, F6, F8, F9 | 91,398 | $0.00 | $0.00 |
| Exercise | Ordinary shares, no par value F2 | 91,398 | $0.00 | $0.00 |
| Tax Withholding | Ordinary shares, no par value F3 | 44,511 | $20.76 | $924K |
| Exercise | Restricted share units F4, F8, F9 | 80,452 | $0.00 | $0.00 |
| Exercise | Restricted share units F2, F5, F8, F9 | 27,534 | $0.00 | $0.00 |
| Grant/Award | Restricted share units F10, F1, F8, F9 | 166,192 | $0.00 | $0.00 |
| Exercise | Ordinary shares, no par value F4, F12 | 80,452 | $0.00 | $0.00 |
| Tax Withholding | Ordinary shares, no par value F3, F12 | 41,071 | $21.06 | $865K |
| Exercise | Ordinary shares, no par value F2, F12 | 27,534 | $0.00 | $0.00 |
| Tax Withholding | Ordinary shares, no par value F3, F12 | 13,410 | $21.06 | $282K |
| holding | Ordinary shares, no par value F11, F12 | -- | -- | -- |
Holdings After Transaction:
Restricted share units — 480,884 shares (Direct);
Ordinary shares, no par value — 1,384,806 shares (Direct);
Ordinary shares, no par value — 1,000,000 shares (Indirect, Held by John D. Idol 2026 GRAT)
Footnotes (12)
- F1. The original Form 4, filed on June 17, 2026, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the grant of restricted share units ("RSUs") made on June 15, 2026 as 166,113 RSUs, when in fact 166,192 RSUs were granted.
- F2. Represents settlement of RSUs through the issuance of one ordinary share for each vested RSU.
- F3. Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
- F4. Represents the settlement of a performance-based restricted share unit award granted on June 15, 2023 under the Incentive Plan that was earned based on achievement of the applicable performance conditions over three separate annual measurement periods (fiscal 2024, fiscal 2025 and fiscal 2026) and vested on June 15, 2026, subject to the grantee's continued employment through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible within the meaning of the award agreement. Each earned unit settled into one ordinary share.
- F5. Granted on June 15, 2023 pursuant to the Capri Holdings Limited Omnibus Incentive Plan (as amended and restated, the "Incentive Plan"). The securities underlying the total number of RSUs originally granted vest 25% each year on June 15, 2024, 2025, 2026 and 2027, respectively, subject to the grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible within the meaning of the award agreement.
- F6. Granted on June 16, 2025 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 16, 2026, 2027 and 2028, respectively, subject to the same continued-employment and acceleration provisions described in the June 15, 2023 grant footnote.
- F7. Granted on June 17, 2024 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 25% each year on June 17, 2025, 2026, 2027 and 2028, respectively, subject to the same continued-employment and acceleration provisions described in the June 15, 2023 grant footnote.
- F8. The RSUs do not expire.
- F9. Settlement of this award will be satisfied through the issuance of one ordinary share for each vested unit.
- F10. Granted on June 15, 2026 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 15, 2027, 2028 and 2029, respectively, subject to the grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible within the meaning of the award agreement.
- F11. Reflects ordinary shares held by the John D. Idol 2026 GRAT, a grantor retained annuity trust for the benefit of Mr. Idol's children of which Mr. Idol is the grantor but not the trustee. As grantor, Mr. Idol retains a pecuniary interest in the GRAT and may be deemed to beneficially own the ordinary shares it holds.
- F12. The amounts reported exclude 54,600 ordinary shares held by the Idol Family Foundation. The reporting person may be deemed to beneficially own such shares but does not have a pecuniary interest in them and disclaims beneficial ownership.
Key Figures
Corrected RSU grant: 166,192 RSUs
RSUs settled into shares: 251,566 RSUs
Shares withheld for taxes: 124,405 shares
+5 more
8 metrics
Corrected RSU grant
166,192 RSUs
Grant to John D. Idol on June 15, 2026 under the Incentive Plan
RSUs settled into shares
251,566 RSUs
Total RSUs exercised/converted into ordinary shares on June 15–17, 2026
Shares withheld for taxes
124,405 shares
Ordinary shares delivered or withheld to satisfy tax obligations on vesting
Tax withholding price 1
$21.06 per share
Price used for tax-withholding dispositions on June 15, 2026
Tax withholding price 2
$20.76 per share
Price used for tax-withholding dispositions on June 16, 2026
Tax withholding price 3
$19.73 per share
Price used for tax-withholding dispositions on June 17, 2026
GRAT indirect holdings
1,000,000 ordinary shares
Shares held by the John D. Idol 2026 grantor retained annuity trust
Foundation shares excluded
54,600 ordinary shares
Shares held by Idol Family Foundation, for which Idol disclaims beneficial ownership
Key Terms
restricted share units, performance-based restricted share unit award, Omnibus Incentive Plan, grantor retained annuity trust, +1 more
5 terms
Omnibus Incentive Plan financial
"Granted on June 15, 2023 pursuant to the Capri Holdings Limited Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
grantor retained annuity trust financial
"held by the John D. Idol 2026 GRAT, a grantor retained annuity trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
pecuniary interest financial
"As grantor, Mr. Idol retains a pecuniary interest in the GRAT"
FAQ
Why did Capri Holdings (CPRI) file this amended Form 4 for John D. Idol?
The amendment corrects an administrative error in a prior Form 4, changing a reported RSU grant from 166,113 to 166,192 RSUs granted on June 15, 2026 under Capri Holdings’ Incentive Plan, while leaving the rest of the previously reported transactions unchanged.
What RSU grant did John D. Idol receive from Capri Holdings (CPRI) on June 15, 2026?
On June 15, 2026, John D. Idol received a grant of 166,192 restricted share units under Capri Holdings’ Omnibus Incentive Plan. These RSUs vest in three equal annual installments on June 15, 2027, 2028 and 2029, subject to continued employment or specified acceleration conditions.
What indirect Capri Holdings (CPRI) holdings are reported for John D. Idol?
The filing reports 1,000,000 ordinary shares held indirectly through the John D. Idol 2026 GRAT, a grantor retained annuity trust for his children. As grantor, Idol retains a pecuniary interest and may be deemed to beneficially own these shares, subject to the trust’s structure.
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