Capri Holdings director converts RSUs, tax-withholding of 2,282 shares
Rhea-AI Filing Summary
Robin Freestone, a director of Capri Holdings (CPRI), reported equity activity tied to restricted share units (RSUs) dated 08/07/2025. 4,854 RSUs vested and converted one-for-one into ordinary shares, and the company withheld 2,282 shares to cover tax obligations at a price of $20.77. Following these entries the reporting person directly beneficially owned 21,393 ordinary shares.
The filing also shows 8,426 RSUs granted under the Capri Holdings Fourth Amended and Restated Omnibus Incentive Plan that remain outstanding, with settlement at one ordinary share per vested RSU and no expiration for the RSUs.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine director RSU vesting and tax withholding; disclosure is clear and presents no immediate governance red flags.
The reported transactions reflect standard equity compensation mechanics: vested RSUs converted to ordinary shares and a portion withheld to satisfy tax obligations. The form identifies the relationship of the reporting person as a director and shows direct beneficial ownership before and after the transactions. This is a routine disclosure that improves transparency around insider holdings but does not, by itself, indicate material governance concerns.
TL;DR: Compensation-related vesting consistent with plan terms; withholding indicates tax settlement on vesting.
The filing confirms 4,854 RSUs vested and were settled one-for-one into ordinary shares, and 2,282 shares were withheld at $20.77 to cover taxes. It also documents an outstanding award of 8,426 RSUs granted under the company omnibus plan with specified vesting conditions. These entries describe standard award settlement and withholding mechanics and are unlikely to have a material financial effect on the company beyond routine share issuance related to employee compensation programs.
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 | 2,282 | $20.77 | $47K |
Footnotes (1)
- Restricted share units ("RSUs") converted into ordinary shres of the Company on a one-for-one basis upon vesting. Represents shares withheld by the Company to cover tax withholding 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.
