IDOL JOHN D 4

What Happened

• John D. Idol, Chairman & CEO of Capri Holdings (CPRI), had restricted stock units (RSUs) convert into ordinary shares between June 15–17, 2026. A total of 251,566 shares were issued to him at $0 exercise price (derivative conversions/settlements).
• To satisfy tax-withholding obligations, the company withheld and disposed of 124,405 of those shares at per-share prices ranging from $19.73 to $21.06, resulting in cash proceeds of approximately $2,572,816. The filing also reports a grant/settlement of 166,113 shares tied to performance-based RSUs that vested.

Key Details

• Transaction dates and prices: June 15–17, 2026; withheld-share prices reported at $21.06, $20.76 and $19.73 per share.
• Shares issued (vested/converted): 251,566 shares (total of listed M/A entries).
• Shares withheld/disposed for taxes: 124,405 shares; cash value ≈ $2.57M.
• Notable footnotes: F3 = performance-based RSUs granted June 15, 2023 that vested June 15, 2026; F2 = shares withheld to cover tax obligations; F10/F11 = some shares are held in a GRAT and the Idol Family Foundation (beneficial-ownership notes).
• Filing timeliness: Reported period June 15, 2026 and filed June 17, 2026 — filed within the normal Form 4 reporting window.

Context

• Code meanings: M = exercise/conversion of a derivative (here, conversion/settlement of RSUs into ordinary shares); F = shares withheld/disposed to cover tax withholdings; A = grant/award (performance RSU settlement).
• This activity reflects RSU vesting and routine tax withholding (a common administrative event), not an open-market sale for investment purposes. It should not be read as a directional buy/sell signal by itself.
• For retail investors: vested-unit settlements and tax-withholding are standard for executives receiving equity compensation; purchases (open-market buys) generally carry more weight when inferring insider sentiment.