Conforti Frank 4

4 · URBAN OUTFITTERS INC · Filed Mar 11, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

Urban Outfitters (URBN) Co‑President Frank Conforti Exercises Awards

What Happened

Frank Conforti, Co‑President & COO of Urban Outfitters (URBN), had performance- and restricted‑stock units convert to common shares on 2026-03-09. The filing shows conversions of award-derived shares (M code) and tax-withholding disposals (F code). In total, 21,668 award shares were converted and 9,948 shares were withheld/sold to cover taxes at $64.48 per share, producing $320,724 each time (total proceeds $641,448). Several entries record a $0 exercise price, consistent with RSU/PSU conversions rather than option purchases.

Key Details

Transaction date: 2026-03-09; Form 4 filed 2026-03-11 (appears timely).
Tax-withholding sales: 9,948 shares sold at $64.48 for $641,448 total.
Award conversions: 21,668 shares converted (multiple RSU/PSU entries); net shares delivered to Conforti ≈ 11,720 (21,668 converted − 9,948 withheld).
Footnotes: F1–F2 indicate PSUs/RSUs each convert to one common share; F3–F4 describe a vesting schedule (one‑third eligible on each March 8, 2024/2025/2026 subject to service and performance).
Shares owned after the transaction are not provided in the excerpt.

Context

This was not an open‑market purchase or discretionary sale for investment purposes but a routine conversion/vesting of restricted and performance awards with shares withheld/sold to satisfy tax obligations (a common cashless/tax withholding procedure). The $0 exercise entries reflect that RSUs/PSUs typically have no exercise price.

Form 4

Period: 2026-03-09

Co-President & COO

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-03-09+10,834→ 73,107 total
Tax Payment
Common Shares
2026-03-09$64.48/sh−4,974$320,724→ 68,133 total
Exercise/Conversion
Common Shares
[F2]
2026-03-09+10,834→ 78,967 total
Tax Payment
Common Shares
2026-03-09$64.48/sh−4,974$320,724→ 73,993 total
Exercise/Conversion
Performance Based Restricted Stock Unit
[F1][F3]
2026-03-09−10,834→ 0 total
→ Common Shares (10,834 underlying)
Exercise/Conversion
Restricted Stock Unit
[F2][F4]
2026-03-09−10,834→ 0 total
→ Common Shares (10,834 underlying)

Holdings

Footnotes (4)

[F1]Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares.
[F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one of the issuer's common shares.
[F3]One-third of the total number of PSUs granted are eligible to vest on each of March 8, 2024, 2025 and 2026, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2024, 2025 and 2026.
[F4]One-third of the total number of RSUs granted are eligible to vest on each of March 8, 2024, 2025 and 2026, contingent on the continued employment of the reporting person through such date.

Signature

/s/ Frank Conforti|2026-03-11

1 file