Capri (CPRI) CEO John D. Idol Receives RSU Award; Shares Withheld

What Happened

• John D. Idol, Chairman & CEO (also a director), received a grant of 166,192 restricted stock units (RSUs) on June 15, 2026.
• Between June 15–17, 2026, prior RSU awards and a performance-based award vested and were settled into common shares (reported as exercise/conversion of derivatives). A total of 251,566 vested units were converted into shares (reported as acquired at $0). To satisfy tax-withholding obligations, 124,405 shares were withheld/disposed across the dates at prices between $19.73 and $21.06, generating about $2,572,816 in proceeds.
• This Form 4 is an AMENDMENT correcting an administrative error: the June 15, 2026 RSU grant was 166,192 RSUs (originally reported as 166,113).

Key Details

• Transaction dates: June 15, 16 and 17, 2026. Withholding sale prices: $21.06 (June 15), $20.76 (June 16), $19.73 (June 17).
• Shares withheld/disposed for taxes: 124,405 shares; total reported proceeds ≈ $2,572,816.
• New RSU grant: 166,192 RSUs (vest 1/3 each year starting June 15, 2027 per footnote).
• Several vested awards settled into one ordinary share per RSU (performance award from 6/15/2023 also vested and settled).
• Filing status: Amended Form 4 filed 2026-08-19 to correct RSU count for the June 15 grant (the amendment notes it corrects an administrative error). The amendment indicates the original Form 4 was previously filed (timeliness flagged by the later amendment filing date).
• Shares owned after these transactions: not stated in the provided excerpt.
• Relevant footnotes: F1 (amendment correction); F2–F4 (settlement of RSUs and tax withholding); F10–F9 describe vesting schedules and settlement terms.

Context

• These transactions are primarily vesting and settlement activity, not open-market purchases or voluntary sales. The withheld/disposed shares represent tax withholding (transaction code F) — a routine, cashless-type settlement — rather than an active sale for investment reasons.
• Transaction codes: A = Award/Grant (new RSUs); M = exercise/conversion of derivative (settlement of RSUs into shares); F = shares withheld/disposed to satisfy tax obligations.
• No implication about company outlook should be inferred from routine vesting/tax-withholding actions.