Hendricks Jenna 4

What Happened

• Jenna Hendricks, Chief People Officer of Capri Holdings (CPRI), had multiple restricted share units (RSUs) and performance-based RSUs settle in mid‑June 2026. A total of 90,638 shares were issued upon vesting/settlement. To cover tax withholding obligations, the company withheld 31,752 shares (total withholding value ≈ $657,343), leaving Hendricks with a net issuance of roughly 58,886 shares.
• The transactions include conversions/exercises of derivatives (reported with code M) and share-withholdings to satisfy tax obligations (reported with code F). These were vesting/settlement events (awards converted to ordinary shares), not open‑market purchases or voluntary sales — a routine award settlement rather than a market-timing trade.

Key Details

• Transaction dates and amounts:
  • 2026-06-15: Converted/settled 16,564 and 5,941 RSUs; 9,160 and 3,286 shares withheld at $21.06 (withheld value $192,910 and $69,203).
  • 2026-06-16: Converted/settled 25,144 RSUs; 13,905 shares withheld at $20.76 (withheld value $288,668).
  • 2026-06-17: Converted/settled 9,766 RSUs; 5,401 shares withheld at $19.73 (withheld value $106,562).
  • Also reported: a grant/award settlement of 33,223 shares (June 15, 2026 award/settlement entries).
• Totals: 90,638 shares issued on settlement; 31,752 shares withheld for taxes; withheld value ≈ $657,343; net shares issued ≈ 58,886.
• Footnotes of note:
  • F2: Shares were withheld to cover tax withholding obligations.
  • F3–F6, F9: Describe different RSU grants/vesting schedules (including a performance‑based award granted June 15, 2023 that vested June 15, 2026).
  • F7/F8: RSUs do not expire and are settled one-for-one into ordinary shares.
• Filing timeliness: Form 4 was filed June 17, 2026 covering vesting activity beginning June 15, 2026; this appears to be a timely filing of standard vesting transactions.
• Shares owned after transaction: not provided in the supplied data — see the form 4 for full holding details.

Context

• These were award settlements/RSU conversions (derivative exercises) followed by company withholding to meet tax obligations — effectively a cashless net settlement. Such transactions reflect compensation vesting and tax obligations, not an insider buying or selling in the open market; they don’t by themselves indicate the insider’s view on the stock.