Urban Outfitters (URBN) director awarded 2,100 RSUs, holds 499K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
URBAN OUTFITTERS INC director Harry S. Cherken Jr. received a grant of 2,100 Director Restricted Stock Units, each representing a right to one common share. The RSUs vest on the earlier of June 3, 2027 or the day before the 2027 shareholder meeting, contingent on continued board service. He also exercised 2,100 RSUs into 2,100 common shares and now holds 499,315 common shares directly, plus 4,400 common shares held indirectly by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,100 shares exercised/converted
Mixed
4 txns
Insider
CHERKEN HARRY S JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Restricted Stock Units | 2,100 | $0.00 | -- |
| Exercise | Director Restricted Stock Units | 2,100 | $0.00 | -- |
| Exercise | Common Shares | 2,100 | $0.00 | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Director Restricted Stock Units — 2,100 shares (Direct, null);
Common Shares — 499,315 shares (Direct, null);
Common Shares — 4,400 shares (Indirect, By Trust)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one of the issuer's common shares. The RSUs vest on the earlier of June 3, 2026 or the date preceding the day of the 2026 annual meeting of the issuer's shareholders, provided that the reporting person is a director of the issuer through such date. The RSUs vest on the earlier of June 3, 2027 or the date preceding the day of the 2027 annual meeting of the issuer's shareholders, provided that the reporting person is a director of the issuer through such date.
Key Figures
RSUs granted: 2,100 units
RSUs exercised: 2,100 units
Direct common shares after: 499,315 shares
+2 more
5 metrics
RSUs granted
2,100 units
Director Restricted Stock Units granted to Harry S. Cherken Jr.
RSUs exercised
2,100 units
Director RSUs converted into common shares
Direct common shares after
499,315 shares
Direct URBN common stock holdings after transactions
Indirect common shares
4,400 shares
URBN common stock held indirectly by trust
RSU vesting date
June 3, 2027
Latest vesting condition for RSUs, or earlier pre‑meeting date
Key Terms
Restricted Stock Unit, derivative security, indirect, vesting
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect financial
""direct_or_indirect": "I","nature_of_ownership": "By Trust""
vesting financial
"The RSUs vest on the earlier of June 3, 2027 or the date preceding"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did URBN director Harry S. Cherken Jr. receive in this Form 4 filing?
He received a grant of 2,100 Director Restricted Stock Units (RSUs), each representing a right to one common share. These RSUs are part of his equity compensation as a director of URBAN OUTFITTERS INC (URBN) and carry specific vesting conditions.
When do the new RSUs for URBN director Harry Cherken vest?
The RSUs vest on the earlier of June 3, 2027 or the date preceding the 2027 annual shareholder meeting. Vesting requires that Harry S. Cherken Jr. remains a director of URBAN OUTFITTERS INC through that date, aligning his compensation with board service.
What exercise activity is reported for URBN director Harry Cherken in this Form 4?
He exercised 2,100 Director Restricted Stock Units into 2,100 common shares. The transaction is coded as an exercise of a derivative security, converting the RSUs into common stock at a reported price per share of $0.0000 in the filing.