URBAN OUTFITTERS (URBN) CAO details equity vesting, tax share dispositions
Rhea-AI Filing Summary
URBAN OUTFITTERS INC Chief Administrative Officer Azeez Hayne reported equity award activity involving performance-based restricted stock units, restricted stock units, and common shares on March 5, 2026.
He exercised or converted derivative awards into common shares in several transactions coded "M" at a price of $0.00 per share, including two separate acquisitions of 4,327 common shares each. Two additional transactions coded "F" disposed of 1,389 and 1,337 common shares at $65.62 per share to cover tax liabilities associated with these vestings.
Following these transactions, he continued to hold common shares both directly and indirectly. Indirect holdings include 8,827 and 55,815 common shares held by trusts of which he is a trustee or partial residuary beneficiary, as described in the footnotes. Each PSU and RSU represents a contingent right to receive one common share, with one-third of each grant eligible to vest in 2025, 2026, and 2027 based on continued employment and, for PSUs, performance conditions tied to average operating profit margin.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Unit | 4,327 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 4,327 | $0.00 | -- |
| Exercise | Common Shares | 4,327 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,389 | $65.62 | $91K |
| Exercise | Common Shares | 4,327 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,337 | $65.62 | $88K |
| holding | Commom Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one of the issuer's common shares. These shares are held by a trust of which Mr. Hayne is a trustee. These shares are held by a trust of which Mr. Hayne is a partial residuary beneficiary. One-third of the total number of PSUs granted are eligible to vest on each of March 6, 2025, March 5, 2026 and March 4, 2027, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2025, 2026 and 2027. One-third of the total number of RSUs granted are eligible to vest on each of March 6, 2025, March 5, 2026 and March 4, 2027, contingent on the continued employment of the reporting person through such date.
