Reddien Tyler Charles 4
Research Summary
AI-generated summary
Capri Holdings (CPRI) EVP/CFO Reddien Receives RSU Award
What Happened
Reddien Tyler Charles (EVP, CFO & COO) was granted 35,596 restricted stock units (RSUs) on June 15, 2026. The award is reported at $0.00 per unit (an equity grant, not a purchase or sale). The RSUs are derivative awards that will settle into ordinary shares if and when they vest; there were no proceeds or sales associated with this filing.
Key Details
- Transaction date and type: 2026-06-15 — Grant/Award of 35,596 RSUs (reported on Form 4 filed 2026-06-17). Price per unit: $0.00.
- Vesting: Units vest 1/3 each year on June 15, 2027, 2028 and 2029, subject to continued employment (with exceptions for death, permanent disability or retirement eligibility).
- Settlement: Each vested RSU converts to one ordinary share (1:1).
- Expiration: The RSUs do not expire.
- Shares owned after transaction: Not disclosed in the filing.
- Filing timeliness: Form 4 was filed 2026-06-17 for the 2026-06-15 grant — appears to be timely (no late filing indicated).
- Footnotes: Award made under the Capri Holdings Amended & Restated Omnibus Incentive Plan; see F1–F3 in filing for vesting, no-expiration and 1:1 settlement details.
Context
RSUs are a common form of executive compensation and represent a future right to receive shares if vesting conditions are met. This grant is not an indication of an open‑market purchase or sale and does not generate immediate trading proceeds; the economic value will depend on Capri Holdings’ share price at vesting.