Capri Holdings Director Stephen Reitman Receives 8,426 RSU Shares

What Happened

• Stephen F. Reitman, a director of Capri Holdings Ltd (CPRI), had 8,426 restricted share units (RSUs) convert into common shares upon vesting on July 29, 2026. Of those, 4,492 shares were withheld by the company to cover tax withholding obligations (reported as a disposition under code F) for a reported value of $71,108. The net shares issued to Reitman were 3,934 shares. This was not a purchase or open-market sale but the settlement of vested RSUs.

Key Details

• Transaction date: 2026-07-29; Form 4 filed 2026-07-31 (timely filing).
• Codes: M = conversion/exercise of derivative (RSU conversion); F = shares withheld to satisfy tax withholding.
• Shares: 8,426 RSUs converted to 8,426 ordinary shares; 4,492 shares withheld for taxes; net issued to insider = 3,934 shares.
• Dollar detail: Withheld shares valued at $15.83 each, totaling $71,108 (per filing). Implied value of net shares at $15.83 ≈ $62,273 (not an official sale value).
• Footnotes of note: RSUs converted one-for-one into ordinary shares on vesting, RSUs do not expire, and settlement is via issuance of one share per vested RSU.
• Shares owned after the transaction: Not reported in the provided filing details.

Context

• This was a routine RSU vesting and share-withholding for taxes (a common cashless settlement), not an open-market purchase or voluntary sale. For retail investors, such vesting events are typically compensation-related and do not alone indicate the insider’s market timing or sentiment.