Conforti Frank 4

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.