Capri (CPRI) Director Marilyn Crouther Receives RSU Award & Converts RSUs

What Happened

• Marilyn C. Crouther, a director of Capri Holdings Ltd (CPRI), had 8,426 derivative units convert into ordinary shares and was granted 11,055 restricted share units (RSUs) on July 29, 2026. The conversion and the grant are reported at $0.00 per share (no cash consideration reported).
• The converted 8,426 shares are reported as disposed at $0.00 in the same filing (reported as a derivative transaction), which indicates a non‑market settlement (commonly net share settlement or withholding rather than an open‑market sale). This filing reports awards and conversions rather than a purchase or a market sale.

Key Details

• Transaction date: July 29, 2026; filing date: July 31, 2026 (timely Form 4 filing).
• Reported items:
  • Conversion/exercise (derivative) of 8,426 units → 8,426 shares acquired (reported N/A price) and 8,426 shares disposed at $0.00.
  • Grant/award of 11,055 RSUs recorded as acquired at $0.00.
• Shares owned after the transactions: not disclosed in the provided filing details.
• Footnotes / plan terms:
  • F1–F3: RSUs convert one‑for‑one into ordinary shares upon vesting; settlement is one share per vested RSU.
  • F2: RSUs do not expire.
  • F4: Grant made under Capri’s omnibus incentive plan. These RSUs vest on the earlier of the one‑year anniversary (July 29, 2027) or the company’s annual shareholder meeting in the calendar year after grant; pro‑rata vesting if service ends before one year; full vesting on death or disability.
• No 10b5‑1 plan or explicit tax withholding language was supplied in the filing text provided.

Context

• These transactions involve RSU mechanics (derivative conversion and a new RSU grant), not an open‑market buy or a typical cash sale. When converted RSU shares are reported as disposed at $0.00, that typically reflects net settlement or share withholding to satisfy tax obligations rather than a market sale for cash.
• RSU grants and vesting are compensation events; they don’t necessarily signal insider buying or selling conviction in the same way open‑market purchases or sales do.