URBAN OUTFITTERS (URBN) CEO exercises stock units, lifts holdings to 285,022 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
URBAN OUTFITTERS INC Global CEO of UO & FP Groups, Sheila B. Harrington, exercised vested performance-based and time-based stock units into 23,334 common shares on March 9, 2026. A total of 10,786 shares were automatically withheld at $64.48 per share to cover tax obligations, leaving her with 285,022 common shares held directly after the transactions, plus 570 common shares held indirectly through a profit sharing 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,334 shares exercised/converted
Mixed
7 txns
Insider
HARRINGTON SHEILA B.
Role
Global CEO, UO & FP Groups
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Unit | 11,667 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 11,667 | $0.00 | -- |
| Exercise | Common Shares | 11,667 | $0.00 | -- |
| Tax Withholding | Common Shares | 5,393 | $64.48 | $348K |
| Exercise | Common Shares | 11,667 | $0.00 | -- |
| Tax Withholding | Common Shares | 5,393 | $64.48 | $348K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Performance Based Restricted Stock Unit — 0 shares (Direct);
Restricted Stock Unit — 0 shares (Direct);
Common Shares — 284,141 shares (Direct);
Common Shares — 570 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 8, 2024, 2025 and 2026, 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 2024, 2025 and 2026. One-third of the total number of RSUs granted are eligible to vest on each of March 8, 2024, 2025 and 2026, contingent on the continued employment of the reporting person through such date.
FAQ
What did URBN executive Sheila Harrington report in this Form 4 transaction?
Sheila Harrington reported exercising stock units into 23,334 URBN common shares. These came from performance-based and time-based restricted stock units that vested, converting into regular shares under previously granted equity awards.
What types of equity awards did Sheila Harrington exercise at URBN?
She exercised Performance Based Restricted Stock Units (PSUs) and Restricted Stock Units (RSUs), each unit representing a contingent right to receive one URBN common share once vesting and performance conditions were satisfied, as described in the footnotes.
What performance conditions applied to Sheila Harrington’s URBN PSUs?
The PSUs vest in three equal parts on March 8, 2024, 2025 and 2026, contingent on her continued employment and URBN meeting specified average operating profit margin targets for fiscal years 2024, 2025 and 2026, according to the Form 4 footnotes.
How do Sheila Harrington’s URBN RSUs vest over time?
Her RSUs are eligible to vest in three equal tranches on March 8, 2024, 2025 and 2026. Vesting of these RSUs depends only on continued employment through each vesting date, without additional performance conditions stated in the footnotes.