Urban Outfitters (URBN) Co-President gains shares via RSU and PSU vesting
Rhea-AI Filing Summary
Urban Outfitters Co-President & CCO Margaret Hayne exercised equity awards tied to company performance and service. On March 9, 2026, she converted 10,834 Performance Based Restricted Stock Units and 10,834 Restricted Stock Units into a total of 21,668 common shares at an exercise price of $0.00 per share.
To cover tax obligations, 9,948 common shares were disposed of at $64.48 per share through share withholding, which is not an open-market sale. After these transactions, Hayne held 1,200,000+ common shares directly and also reported sizable indirect holdings through a spouse, trusts, retirement plans and a foundation.
The footnotes explain that PSUs vest in three annual tranches through March 8, 2026, contingent on continued employment and average operating profit margin performance for fiscal years 2024–2026, while RSUs vest over the same three-year schedule based solely on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Unit | 10,834 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 10,834 | $0.00 | -- |
| Exercise | Common Shares | 10,834 | $0.00 | -- |
| Tax Withholding | Common Shares | 4,974 | $64.48 | $321K |
| Exercise | Common Shares | 10,834 | $0.00 | -- |
| Tax Withholding | Common Shares | 4,974 | $64.48 | $321K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| 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. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
