URBN CEO reports 75,434-share stock gifts
URBAN OUTFITTERS INC filed a Form 4 showing that senior executives reported bona fide gifts of company stock rather than market trades.
Rhea-AI Filing Summary
URBAN OUTFITTERS INC filed a Form 4 showing that senior executives reported bona fide gifts of company stock rather than market trades. CEO and Chairman Richard A. Hayne reported two gift dispositions totaling 75,434 common shares, in transfers of 13,334 shares and 62,100 shares at a reported price of $0.0000 per share.
These are non-cash, non-market gifts and are not open-market sales or purchases. The filing also lists multiple indirect holdings of common shares through a spouse, profit sharing funds, family trusts, and a foundation, with Hayne disclaiming beneficial ownership of several positions except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
75,434 shares gifted
Gift
8 txns
Insider
HAYNE RICHARD A, Hayne Margaret
Role
CEO & Chairman of the Board | Co-President & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Shares | 62,100 | $0.00 | $0.00 |
| Gift | Common Shares | 13,334 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 17,358,451 shares (Direct);
Common Shares — 23,480 shares (Indirect, By Profit Sharing Fund (401(k) Plan));
Common Shares — 185,573 shares (Indirect, By Trust);
Common Shares — 35,140 shares (Indirect, By Hayne Foundation);
Common Shares — 1,208,409 shares (Indirect, By Spouse);
Common Shares — 11,299 shares (Indirect, By Spouse through Profit Sharing Fund (401(k) Plan));
Common Shares — 4,531,127 shares (Indirect, By Spouse as Trustee)
Footnotes (4)
- F1. These shares are owned indirectly by Richard A. Hayne and indirectly by his spouse, Margaret Hayne. Richard A. Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- F2. These shares are held by two trusts of which members of Richard A. Hayne's immediate family are among the beneficiaries. Mr. Hayne serves as trustee of each trust and disclaims beneficial ownership of the issuer's common shares held by the trusts, except to the extent of his pecuniary interest therein.
- F3. These shares are owned indirectly by Richard A. Hayne and directly by his spouse, Margaret Hayne. Richard A. Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- F4. These shares are owned by four trusts, of which members of Margaret Hayne's immediate family are among the beneficiaries.
Key Figures
Gifted shares (entry 1): 13,334 shares
Gifted shares (entry 2): 62,100 shares
Total gifted shares: 75,434 shares
+5 more
8 metrics
Gifted shares (entry 1)
13,334 shares
Bona fide gift of common shares at $0.0000 per share
Gifted shares (entry 2)
62,100 shares
Bona fide gift of common shares at $0.0000 per share
Total gifted shares
75,434 shares
Aggregate giftShares from transaction summary
Indirect holding by spouse as trustee
4,531,127 shares
Common shares held by spouse as trustee, indirect ownership
Indirect holding by spouse
1,208,409 shares
Common shares owned by spouse, indirect to Richard A. Hayne
Indirect holding by trust
185,573 shares
Common shares held by trust with family beneficiaries
Indirect holding by Profit Sharing Fund
23,480 shares
Common shares held by Profit Sharing Fund (401(k) Plan)
Indirect holding by spouse’s 401(k) fund
11,299 shares
Common shares via spouse Profit Sharing Fund (401(k) Plan)
Key Terms
bona fide gift, Profit Sharing Fund (401(k) Plan), disclaims beneficial ownership, pecuniary interest, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Profit Sharing Fund (401(k) Plan) financial
"nature_of_ownership": "By Profit Sharing Fund (401(k) Plan)""
disclaims beneficial ownership financial
"disclaims beneficial ownership of these shares, except to the extent"
pecuniary interest financial
"except to the extent of any pecuniary interest therein"
indirectly by his spouse financial
"These shares are owned indirectly by Richard A. Hayne and directly by his spouse"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock transactions were reported for URBN in this Form 4?
The Form 4 reports bona fide gifts of URBAN OUTFITTERS INC common shares. Richard A. Hayne reported two gift transfers of 13,334 and 62,100 shares, totaling 75,434 shares, all recorded at a price of $0.0000 per share.
Were the URBN insider transactions open-market sales or non-cash gifts?
The reported URBN insider transactions are non-cash gifts, not open-market sales. Both entries use transaction code G, described as a bona fide gift, with 13,334 and 62,100 common shares transferred at a stated price of $0.0000 per share.
Which URBN executives are named in this Form 4 filing?
The filing names Richard A. Hayne, CEO and Chairman of the Board, and Margaret Hayne, Co-President and Chief Creative Officer. The reported transactions and indirect holdings primarily relate to Richard A. Hayne and entities or accounts associated with him and his spouse.
Do the URBN footnotes indicate any beneficial ownership disclaimers?
Yes. Footnotes state that certain shares are owned by a spouse or family trusts and that Richard A. Hayne disclaims beneficial ownership of those URBN shares, except to the extent of any pecuniary interest, clarifying the nature of his economic stake in those positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
