Capri (CPRI) CPO Jenna Hendricks Receives RSUs; Shares Withheld for Taxes

What Happened
Jenna Hendricks, Chief People Officer of Capri Holdings (CPRI), had multiple restricted share units (RSUs) vest/settle in mid‑June 2026 and received a separate RSU grant on June 15, 2026 (amended to 33,238 RSUs). As the vested RSUs were settled into ordinary shares, the company withheld shares to cover tax withholding obligations (a cashless withholding). The filing shows withheld/disposed shares on June 15–17, 2026 totaling 31,752 shares, with reported proceeds of about $657,343 (breakdowns below). This Form 4 is an amendment correcting the June 15 grant from 33,223 RSUs to 33,238 RSUs.

Key Details

• Transaction dates and prices:
  • 2026-06-15: 9,160 shares withheld @ $21.06 = $192,910; 3,286 shares withheld @ $21.06 = $69,203
  • 2026-06-16: 13,905 shares withheld @ $20.76 = $288,668
  • 2026-06-17: 5,401 shares withheld @ $19.73 = $106,562
  • Total withheld (disposed) shares: 31,752; total proceeds ≈ $657,343
• Awards/settlements:
  • RSU settlement/convert (reported as code M) on 6/15, 6/16 and 6/17 converting vested units into shares (various amounts reported as acquired).
  • Grant (code A) on 6/15/2026: 33,238 RSUs (amended; original filing misreported 33,223) — footnote F1.
• Shares owned after transaction: not specified in this amendment.
• Notable footnotes: F1 (amendment correcting RSU count); F2–F5, F6–F7 describe vesting schedules and that RSUs settle 1:1 into ordinary shares; F3 indicates shares were withheld to satisfy tax obligations; F4 references a performance‑based RSU award that vested 6/15/2026.
• Filing timeliness: Amended Form 4 filed 2026-08-19 for transactions around 2026-06-15 — this filing was late relative to the transaction dates.

Context

• What the codes mean here: M = exercise/conversion (RSU settlement into shares), F = shares withheld/sold to cover taxes, A = grant/award.
• These transactions are routine equity compensation events: RSUs vested/converted to shares and the company withheld shares rather than an open‑market sale for tax withholding (cashless withholding). One award settled was a performance‑based RSU grant from June 15, 2023 that vested on June 15, 2026 (per footnote F4).
• Because this is an amended filing correcting the grant amount, investors should note the correction but not infer a change in economic substance beyond the corrected RSU count.