Hayne Azeez 4

What Happened

• Hayne Azeez, Chief Administrative Officer of Urban Outfitters (URBN), converted/settled multiple performance- and restricted-stock unit awards on March 9, 2026. The filing shows four tranches of 4,167 units (4 x 4,167 = 16,668 units) reported as exercised/converted.
• To cover tax obligations, 1,288 shares were withheld (disposed) at $64.48 for $83,050 and 1,533 shares were withheld at $64.48 for $98,848 — a total of 2,821 shares withheld worth $181,898. These were tax-withholding dispositions (code F), not open-market sales.

Key Details

• Transaction date: 2026-03-09; Form 4 filed 2026-03-11 (appears timely).
• Reported events: multiple exercises/conversions of derivative awards (code M) and tax withholding/share dispositions (code F).
• Withheld: 2,821 shares at $64.48 for ~$181,898 to satisfy tax liabilities.
• Units shown: four 4,167-unit entries (totaling 16,668 units) converted/settled according to the filing.
• Footnotes: PSUs and RSUs (F1, F2) convert into common shares; vesting schedules noted (one‑third vests each March 8 in 2024, 2025, 2026 per F5/F6). Some shares are held in trusts related to Mr. Azeez (F3, F4).
• Shares owned after the transactions are not stated in the excerpt provided.

Context

• This was a vesting/settlement of equity awards with net share withholding for taxes (a routine corporate action), not an open-market sale signaling a deliberate cash-out.
• For retail investors, award conversions and tax-withholdings are common and often reflect scheduled vesting rather than active trading decisions by the insider.