Capri Holdings (CPRI) CFO & COO awarded 27,824 RSUs vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddien Tyler Charles reported acquisition or exercise transactions in this Form 4 filing.
Capri Holdings Ltd reported that its CFO & COO, Tyler Charles Reddien, received a grant of 27,824 restricted share units (RSUs) on April 1, 2026 as part of equity compensation.
The RSUs were granted under the Capri Holdings Limited Amended and Restated Omnibus Incentive Plan and will vest in three equal annual installments: one-third on April 1, 2027, one-third on April 1, 2028, and one-third on April 1, 2029, subject to his continued employment or certain limited exceptions such as death, permanent disability, or retirement eligibility under the plan. The award has no expiration, and each vested RSU will be settled in one ordinary share, meaning up to 27,824 ordinary shares could ultimately be issued if all units vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reddien Tyler Charles
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted share units | 27,824 | $0.00 | -- |
Holdings After Transaction:
Restricted share units — 27,824 shares (Direct)
Footnotes (1)
- Granted on April 1, 2026 pursuant to the Capri Holdings Limited Amended and Restated Omnibus Incentive Plan (the "Incentive Plan"). The securities underlying the total number of restricted share units ("RSUs") originally granted will vest 1/3 each year on April 1, 2027, April 1, 2028 and April 1, 2029, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan. The RSUs do not expire. Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
Key Figures
RSUs granted: 27,824 units
Vesting tranche size: 9,275 units
Transaction price per unit: $0.0000
+2 more
5 metrics
RSUs granted
27,824 units
Grant to CFO & COO on April 1, 2026
Vesting tranche size
9,275 units
One-third of RSUs vesting each on April 1, 2027, 2028, 2029
Transaction price per unit
$0.0000
Equity grant under Incentive Plan, no purchase price
Underlying ordinary shares
27,824 shares
One ordinary share delivered for each vested RSU
Shares held after grant
27,824 RSUs
Total restricted share units following this transaction
Key Terms
Restricted share units, Amended and Restated Omnibus Incentive Plan, RSUs, vesting, +1 more
5 terms
Amended and Restated Omnibus Incentive Plan financial
"Granted on April 1, 2026 pursuant to the Capri Holdings Limited Amended and Restated Omnibus Incentive Plan"
RSUs financial
"The securities underlying the total number of restricted share units ("RSUs") originally granted will vest 1/3 each year"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting financial
"will vest 1/3 each year on April 1, 2027, April 1, 2028 and April 1, 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
settlement financial
"Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU."
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What did Capri Holdings (CPRI) disclose about Tyler Reddien’s recent equity award?
Capri Holdings disclosed that CFO & COO Tyler Charles Reddien received a grant of 27,824 restricted share units on April 1, 2026. The RSUs were awarded under the company’s Amended and Restated Omnibus Incentive Plan as part of his equity-based compensation package.
How do the new RSUs for Capri Holdings (CPRI) CFO vest over time?
The 27,824 RSUs granted to Capri Holdings’ CFO & COO vest in three equal annual installments. One-third vests on April 1, 2027, another third on April 1, 2028, and the final third on April 1, 2029, if employment conditions are satisfied.
Under what conditions could the Capri Holdings (CPRI) CFO’s RSUs vest early or differently?
The RSUs generally require continued employment through each vesting date, but there are exceptions. If the grantee dies, becomes permanently disabled, or is retirement eligible under the Incentive Plan, vesting can still occur as described by the plan’s specific provisions.
How will the Capri Holdings (CPRI) RSU award to the CFO be settled at vesting?
Each restricted share unit will be settled in one ordinary share of Capri Holdings when it vests. If all 27,824 RSUs vest as scheduled, the company will issue 27,824 ordinary shares to satisfy this equity award to the CFO & COO.
Does the Capri Holdings (CPRI) CFO’s RSU grant have an expiration date?
The filing states that the RSUs do not expire. Instead of expiring, they are governed by the vesting schedule and conditions in the Incentive Plan, meaning the key factors are continued employment and qualifying events, rather than a traditional option-style expiration.