Capri (CPRI) Director Jane Thompson Receives 11,055 RSU Grant; RSUs Converted

What Happened

• Jane A. Thompson, a director of Capri Holdings Ltd (CPRI), had insider equity activity reported on July 29, 2026. The Form 4 shows a new grant of 11,055 restricted share units (RSUs) and conversion/exercise activity involving 8,426 derivative units into ordinary shares. To cover tax withholding on the conversion, 3,961 shares were withheld at $15.83 per share, totaling $62,703. The net shares delivered from the reported conversion were 4,465 (8,426 converted minus 3,961 withheld).

Key Details

• Transaction date: 2026-07-29; Form 4 filed 2026-07-31 (timely).
• Grant: 11,055 RSUs granted under the Capri Holdings Fifth Amended and Restated Omnibus Incentive Plan (code A).
• Conversion/exercise: 8,426 derivative units recorded as converted/exercised (code M); 8,426 also recorded as disposed in the filing consistent with settlement mechanics.
• Tax withholding: 3,961 shares withheld (code F) at $15.83/share = $62,703.
• Shares owned after transaction: not specified in the filing.
• Footnotes: RSUs convert one-for-one into ordinary shares on vesting, do not expire, and will be settled as one share per vested RSU. Grant vesting schedule: earliest of 1 year after grant (July 29, 2027) or the Company’s next annual meeting; pro‑rata vesting on termination before first anniversary; full vesting on death or disability.

Context

• The filing shows both a new RSU grant (award) and conversion/settlement activity. The withheld-share entry is a standard tax-withholding settlement and is common when RSUs vest or are settled; it does not by itself indicate bullish or bearish intent. The conversion/settlement mechanics recorded on the Form 4 suggest net settlement rather than an open‑market sale.