Urban Outfitters (URBN) COO vests PSUs/RSUs, uses shares to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
URBAN OUTFITTERS INC Co-President & COO Frank Conforti reported compensation-related equity activity. On March 11, 2026, performance-based restricted stock units and restricted stock units converted into a total of 13,120 common shares. To cover tax obligations, 6,024 common shares were withheld at $64.93 per share. After these transactions, he directly holds 81,089 common shares and indirectly holds 448 common shares through a 401(k) profit sharing plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,120 shares exercised/converted
Mixed
7 txns
Insider
Conforti Frank
Role
Co-President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Unit | 6,560 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 6,560 | $0.00 | -- |
| Exercise | Common Shares | 6,560 | $0.00 | -- |
| Tax Withholding | Common Shares | 3,012 | $64.93 | $196K |
| Exercise | Common Shares | 6,560 | $0.00 | -- |
| Tax Withholding | Common Shares | 3,012 | $64.93 | $196K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Performance Based Restricted Stock Unit — 13,120 shares (Direct);
Restricted Stock Unit — 13,120 shares (Direct);
Common Shares — 80,553 shares (Direct);
Common Shares — 448 shares (Indirect, By Profit Sharing Fund (401(k)) Plan)
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. One-third of the total number of PSUs granted are eligible to vest on each of March 11, 2026, March 10, 2027 and March 8, 2028, 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 2026, 2027 and 2028. One-third of the total number of RSUs granted are eligible to vest on each of March 11, 2026, March 10, 2027 and March 8, 2028, contingent on the continued employment of the reporting person through such date.
FAQ
What did URBN executive Frank Conforti report in this Form 4 filing?
Frank Conforti reported the vesting and conversion of equity awards into common shares and related tax withholding. Performance-based and time-based restricted stock units converted into common shares, with a portion of those shares withheld to satisfy tax obligations, reflecting routine compensation activity.
What are performance-based restricted stock units (PSUs) in the URBN filing?
Each PSU gives a contingent right to receive one Urban Outfitters common share. One-third of the PSUs may vest on March 11, 2026, March 10, 2027, and March 8, 2028, contingent on continued employment and meeting average operating profit margin performance goals for fiscal years 2026–2028.
How do the URBN restricted stock units (RSUs) for Conforti vest over time?
Each RSU represents a contingent right to one common share of Urban Outfitters. One-third of the RSUs are eligible to vest on March 11, 2026, March 10, 2027, and March 8, 2028, provided Conforti remains employed through each vesting date, independent of performance metrics.