CPRI Insider Filing: 4,854 RSUs Vested; 2,588 Shares Withheld for Taxes
Rhea-AI Filing Summary
Stephen F. Reitman, a director of Capri Holdings Limited (CPRI), reported transactions dated 08/07/2025. The filing shows 4,854 restricted share units (RSUs) converted into ordinary shares upon vesting and 2,588 shares were withheld to cover tax withholding at a price of $20.77 per share. Following the withholding, the filing lists 17,981 ordinary shares beneficially owned by the reporting person. The report also shows 8,426 outstanding RSUs granted under the Capri Holdings Fourth Amended and Restated Omnibus Incentive Plan. Those RSUs vest on the earlier of the one-year anniversary of the grant (August 7, 2026) or the Company’s next annual shareholder meeting and will settle one ordinary share per vested RSU.
Positive
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Insights
TL;DR: Routine RSU vesting and tax withholding by a director; no material change to control shown.
The Form 4 discloses conversion of 4,854 RSUs into ordinary shares and withholding of 2,588 shares to satisfy tax obligations at $20.77 per share. The filing reports 17,981 ordinary shares beneficially owned after the transactions and 8,426 remaining RSUs that will vest under the stated schedule. This is a standard compensation-related filing that documents settlement mechanics and outstanding equity awards rather than market purchases or sales.
TL;DR: Disclosure describes award settlement and vesting terms; governance implications are administrative and routine.
The filing clearly states that RSUs convert one-for-one into ordinary shares on vesting and that withheld shares covered tax withholding. It also includes the vesting triggers and pro-rata vesting on termination, plus full vesting on death or disability. These details align with standard equity compensation plans and provide transparency on insider equity accrual and dilution mechanics for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units | 4,854 | $0.00 | -- |
| Grant/Award | Restricted share units | 8,426 | $0.00 | -- |
| Exercise | Ordinary shares, no par value | 4,854 | $0.00 | -- |
| Tax Withholding | Ordinary shares, no par value | 2,588 | $20.77 | $54K |
Footnotes (1)
- Restricted share units ("RSUs") converted into ordinary shares of the Company on a one-for-one basis upon vesting. Represents shares withheld by the Company to cover tax withholding obligations upon vesting. The RSUs do not expire. Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU. Granted pursuant to the Capri Holdings Limited Fourth Amended and Restated Omnibus Incentive Plan. The RSUs vest on the earliest of: (1) the one year anniversary of the date of grant (August 7, 2026), or (2) the Company's annual shareholder meeting that occurs in the calendar year following the date of grant, and will be settled upon vesting unless the reporting person elects to defer settlement to a later date. If the reporting person's service with the Company terminates prior to the first anniversary of the date of grant, the RSUs will vest pro-rata based on the number of days from the date of grant through and including the date of the reporting person's termination of service. The RSUs will also vest in full in the event of the reporting person's death or disability.
