URBAN OUTFITTERS (URBN) COO logs RSU, PSU vesting and tax share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
URBAN OUTFITTERS INC Co-President & COO Frank Conforti reported multiple equity award transactions involving restricted stock units and common shares. On March 5, 2026, performance-based and time-based restricted stock units covering 10,200 shares each were exercised or converted into common shares at a price of $0.00 per share.
To cover tax liabilities related to these awards, Conforti disposed of 3,153 and 3,927 common shares, both at $65.62 per share, through tax-withholding dispositions. He also has indirect ownership of 448 common shares through a Profit Sharing Fund (401(k)) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,400 shares exercised/converted
Mixed
7 txns
Insider
Conforti Frank
Role
Co-President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Unit | 10,200 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 10,200 | $0.00 | -- |
| Exercise | Common Shares | 10,200 | $0.00 | -- |
| Tax Withholding | Common Shares | 3,153 | $65.62 | $207K |
| Exercise | Common Shares | 10,200 | $0.00 | -- |
| Tax Withholding | Common Shares | 3,927 | $65.62 | $258K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Performance Based Restricted Stock Unit — 10,201 shares (Direct);
Restricted Stock Unit — 10,201 shares (Direct);
Common Shares — 59,153 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 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.
FAQ
What insider transactions did URBN executive Frank Conforti report on this Form 4?
Frank Conforti reported equity award activity, including exercises of performance-based and time-based restricted stock units into common shares, plus share dispositions to cover tax liabilities. These transactions reflect compensation-related movements rather than open-market purchases or sales.
What types of equity awards were involved in Frank Conforti’s URBN transactions?
The transactions involved Performance Based Restricted Stock Units (PSUs) and Restricted Stock Units (RSUs), each representing a contingent right to receive one URBAN OUTFITTERS common share. Both award types were exercised or converted into common shares at a price of $0.00 per share.
How do the URBN PSUs and RSUs for Frank Conforti vest over time?
One-third of the PSUs and RSUs are eligible to vest on March 6, 2025, March 5, 2026, and March 4, 2027. PSU vesting also depends on URBAN OUTFITTERS’ average operating profit margin for fiscal years 2025, 2026, and 2027, plus continued employment.