Capri (CPRI) Director Robin Freestone Converts RSUs; Shares Withheld

What Happened

• Robin Anthony David Freestone, a director of Capri Holdings Ltd (CPRI), had restricted stock units (RSUs) vest/convert into ordinary shares on July 29, 2026. The filing reports conversion/exercise activity for 8,426 RSUs into shares and the company withheld 3,961 shares to cover tax withholding obligations (proceeds reported as $62,703). The filing also shows a new grant of 11,055 RSUs to Freestone on the same date.
• These were not open-market purchases or voluntary sales by the insider; the conversions are non-cash settlement events (RSUs converting into shares) and the withheld shares are routine tax-withholding dispositions.

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (appears to be within the normal 2-business-day filing window).
• Converted/Exercised: 8,426 RSUs converted into ordinary shares (reported as derivative exercise/conversion; $0 exercise price).
• Tax withholding: 3,961 shares withheld at $15.83 per share to satisfy tax obligations, amounting to $62,703.
• New grant: 11,055 RSUs granted on July 29, 2026.
• Shares owned after transaction: not specified in the provided filing excerpts.
• Relevant footnotes: RSUs convert one-for-one into ordinary shares on vesting (F1, F4); withheld shares represent tax withholding (F2); the RSUs do not expire (F3). New RSUs granted under the Capri Omnibus Plan vest on the earlier of the one-year anniversary (July 29, 2027) or the next annual shareholder meeting; pro‑rata vesting on termination and full vesting on death/disability (F5).

Context

• This is a standard RSU vesting/tax-withholding event, not a market sale or purchase decision by the director. Withholding shares to satisfy taxes is common and does not necessarily indicate a change in insider sentiment.
• The filing shows both the derivative conversion (RSUs to shares) and the subsequent withholding disposition; nothing in the filing indicates a discretionary open‑market sale.