Signet (SIG) officer receives RSUs from dividend equivalents; 5,342.91 held

Rhea-AI Filing Summary

K. Leslie Cho, Chief People Officer of Signet Jewelers (SIG), acquired restricted stock units (RSUs) through dividend equivalent rights on existing RSU awards. The Form 4 reports an acquisition coded as A of 20.04 RSUs at no cash price, resulting in 5,342.91 RSUs beneficially owned following the transaction. The RSUs credited were generated by dividend equivalent rights tied to RSUs granted on April 2, 2025, and those dividend-derived RSUs will vest on the same schedule as the underlying RSUs. The filing notes that the 5,342.91 RSUs remain subject to vesting and forfeiture provisions.

Positive

• Insider ownership increased via credited RSUs, increasing alignment between executive and shareholder interests
• RSUs vest on the same schedule as the underlying awards, preserving intended retention incentives

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine insider equity accrual increased the officer's RSU holdings modestly; it reflects compensation mechanics, not a market-driven purchase.

The reported transaction shows acquisition of RSUs via dividend equivalent rights rather than an open-market purchase. The acquisition amount is small in absolute terms (20.04 RSUs recorded in the transaction line) while the aggregate beneficial holding is 5,342.91 RSUs subject to vesting. This is primarily a compensation accounting event: dividend equivalents credited to existing RSU grants vest on the same schedule as the underlying awards and carry the same forfeiture conditions. For investors, this is an administrative insider holding change with limited immediate liquidity or control implications.

Corporate Governance Expert

TL;DR: The disclosure documents a standard compensation-related equity accrual for an officer; governance implications are minimal.

The Form 4 indicates the officer received RSUs through dividend equivalent rights tied to RSUs granted April 2, 2025, with vesting aligned to the underlying awards. The filing confirms the transferred RSUs are subject to vesting and forfeiture, consistent with typical executive equity plans. The disclosure complies with Section 16 reporting by showing the change in beneficial ownership and the nature of the award. There is no indication of exercised options, open-market transactions, or changes to control from the report.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cho Karen Leslie

(Last) (First) (Middle)

CLARENDON HOUSE

2 CHURCH STREET

(Street)

HAMILTON D0 HM11

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIGNET JEWELERS LTD [ SIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares, par value $0.18	08/22/2025		A		20.04(1)	A	$0	5,342.91(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units (RSUs) that were acquired through the application of dividend equivalent rights accrued on the RSUs granted on April 2, 2025. RSUs acquired pursuant to the dividend equivalent rights will vest on the same dates as the underlying RSUs to which they relate.

2. Includes 5,342.91 restricted stock units which are subject to certain vesting and forfeiture provisions.

Remarks:

	J. Matthew Shady, Attorney in Fact	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Signet Jewelers (SIG) reporting person Karen Leslie Cho disclose?

The Form 4 discloses an acquisition of RSUs via dividend equivalent rights, coded as an acquisition (A), at a $0 price.

How many RSUs does Karen Leslie Cho beneficially own after the transaction?

The filing reports 5,342.91 restricted stock units beneficially owned following the reported transaction; these are subject to vesting.

Why were the RSUs issued to Karen Leslie Cho?

They were issued as dividend equivalent rights accrued on RSUs granted on April 2, 2025, and will vest on the same dates as the underlying RSUs.

Was cash paid for the RSUs reported on the Form 4?

No. The transaction line shows a $0 price for the RSUs acquired through dividend equivalents.

Do the newly credited RSUs have any restrictions?

Yes. The filing explicitly states the 5,342.91 RSUs are subject to vesting and forfeiture provisions.