Capri (CPRI) Director Judy Gibbons Exercises RSUs, Receives New RSU Grant

What Happened

• Judy Gibbons, a director of Capri Holdings Ltd (CPRI), had RSUs vest on July 29, 2026. 8,426 RSUs converted to ordinary shares; the company withheld 3,961 shares to cover tax withholding obligations (withheld shares valued at $62,703, $15.83/share), leaving a net issuance of 4,465 shares to Gibbons. On the same date she was also granted 11,055 new RSUs under the company’s omnibus incentive plan (no cash value until they vest).

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (appears timely).
• Vested/converted: 8,426 RSUs → 8,426 ordinary shares.
• Tax withholding: 3,961 shares withheld at $15.83/share, total $62,703 (disposition code F).
• Net shares issued to insider: 8,426 − 3,961 = 4,465 shares.
• New grant: 11,055 RSUs (award code A); settlement is one ordinary share per vested RSU.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: RSUs convert one-for-one on vesting, do not expire, and will vest per the grant terms (earliest of one-year anniversary or the company’s next annual meeting; pro rata vesting on termination prior to one year; full vesting on death/disability).

Context

• These are RSU vesting and grant events, not open-market purchases or sales. The withholding of shares to meet tax obligations is a routine administrative action and not an economic sale by the insider. The newly granted 11,055 RSUs carry potential future value only upon vesting under the stated schedule.