URBAN OUTFITTERS (URBN) co-president awarded new PSU and RSU grants
Rhea-AI Filing Summary
Conforti Frank reported acquisition or exercise transactions in this Form 4 filing.
URBAN OUTFITTERS INC Co-President & COO Frank Conforti received new equity awards. On March 3, 2026, he was granted 13,291 Performance Based Restricted Stock Units and 13,291 Restricted Stock Units, each representing a contingent right to receive one common share.
For both awards, one‑third of the units are eligible to vest on March 2, 2028, March 1, 2029 and March 7, 2030. The PSUs vest only if employment continues through each date and specified performance measures tied to average operating profit margin for fiscal years 2028, 2029 and 2030 are satisfied.
Following these grants, Conforti also reports indirect ownership of 448 common shares held through a Profit Sharing Fund (401(k)) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Based Restricted Stock Unit | 13,291 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 13,291 | $0.00 | -- |
| 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. One-third of the total number of PSUs granted are eligible to vest on of March 2, 2028, March 1, 2029 and March 7, 2030, 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 2028, 2029 and 2030. 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 RSUs granted are eligible to vest on March 2, 2028, March 1, 2029 and March 7, 2030, contingent on the continued employment of the reporting person through such date.