[Form 4] Capri Holdings Limited Insider Trading Activity
Jane A. Thompson, a director of Capri Holdings Limited (CPRI), had 4,854 restricted share units (RSUs) convert into ordinary shares, and the company withheld 2,282 shares to satisfy tax withholding, leaving her with 26,424 ordinary shares beneficially owned following the reported transactions. The filing also records a grant of 8,426 RSUs under the Capri Holdings Fourth Amended and Restated Omnibus Incentive Plan.
The RSUs settle on a one-for-one basis into ordinary shares, do not expire, and vest on the earlier of the one-year anniversary of the grant (August 7, 2026) or the companys annual shareholder meeting in the calendar year following the grant, with pro-rata vesting on termination and full vesting upon death or disability.
- 4,854 RSUs converted into ordinary shares, increasing the reporting persons gross share position
- Grant of 8,426 RSUs under the Capri Holdings Fourth Amended and Restated Omnibus Incentive Plan
- RSUs do not expire and settle one-for-one, providing clear, equity-based alignment with shareholders
- 2,282 shares withheld by the company to satisfy tax withholding upon vesting, reducing net issued shares to the reporting person
- Beneficial ownership after transactions is 26,424 shares, reflecting withholding and conversions
Insights
TL;DR: Routine equity-compensation activity: RSU vesting generated 4,854 shares, partially offset by 2,282 shares withheld for taxes; no material ownership shift.
The reported transactions reflect standard compensation mechanics rather than a market-moving insider trade. The conversion of 4,854 RSUs into ordinary shares increased the directors gross holdings while the withholding of 2,282 shares reduced net issuance to cover tax obligations. Resulting beneficial ownership is 26,424 shares. Without total share count or percentage ownership disclosed here, this activity appears immaterial to enterprise valuation but is relevant for ownership and dilution tracking.
TL;DR: Disclosure documents typical director RSU grant and vesting terms under the companys omnibus plan; provisions and withholding are standard.
The filing cites the Capri Holdings Fourth Amended and Restated Omnibus Incentive Plan for the 8,426 RSU grant. Key plan features disclosed here include one-for-one settlement into ordinary shares, no expiration of RSUs, vesting at the earlier of one-year anniversary or the next annual meeting, pro-rata vesting on termination, and full vesting on death or disability. The withholding of 2,282 shares to cover taxes is an expected administrative outcome of RSU vesting rather than an unusual corporate-governance event.