Capri Holdings (CPRI) Director Madhavan Mahesh Receives RSU Award

What Happened

• Madhavan Mahesh, a director of Capri Holdings Ltd (CPRI), had derivative units converted and disposed and also received a new restricted share unit (RSU) grant on July 29, 2026. The filing shows conversion/exercise (code M) of 8,426 derivative units resulting in 8,426 ordinary shares, and a simultaneous reported disposition of those 8,426 shares at $0.00 (no cash proceeds reported). On the same date he was granted 11,055 RSUs (code A) at $0.00. No cash values or total dollar amounts are reported for these transactions.

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (timely filing).
• Converted/exercised (M): 8,426 shares acquired and 8,426 shares disposed at $0.00 (reported as derivative activity).
• Grant/award (A): 11,055 RSUs granted at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes: RSUs convert 1-for-1 into ordinary shares upon vesting, do not expire, and will be settled by issuing one ordinary share per vested RSU. The RSUs were granted under the Capri Holdings Fifth Amended and Restated Omnibus Incentive Plan and vest on the earlier of (1) one year after grant (July 29, 2027) or (2) the company’s next annual shareholder meeting in the calendar year after grant; pro‑rata vesting applies if service ends before the first anniversary; full vesting on death or disability.

Context

• The filing records a conversion/disposition of derivative units and a new RSU grant; the RSU award will not convert into tradable shares until it vests (earliest July 29, 2027 under the stated terms). The reported $0.00 disposition and grant reflect how the transaction was reported (the filing does not explain whether the zero-dollar disposition was for tax withholding, net settlement, or another administrative reason). Awards and exercises can be part of routine compensation and do not by themselves indicate management’s market view.