Kennedy Ruth Anne Francis 4

What Happened
Kennedy Ruth Anne Francis, a director of Birkenstock Holding plc (BIRK), had 1,623 restricted stock units (RSUs) convert into 1,623 ordinary shares on 2026-04-29 (reported as derivative exercise/conversion, code M). Of those shares, 744 were withheld to satisfy tax withholding obligations at $37.50 per share, totaling $27,900 (reported as disposition, code F). The conversion showed an exercise/conversion price of $0.00, meaning no cash exercise price was paid. Net shares received by Ms. Francis on vesting: 879 shares (1,623 − 744).

Key Details

• Transaction date: 2026-04-29 (reported filed 2026-04-30 — timely filing).
• Conversion: 1,623 shares acquired via RSU settlement (code M) at $0.00.
• Tax withholding: 744 shares withheld (code F) at $37.50 each, total $27,900.
• Net shares retained from the vesting: 879 shares.
• Footnotes: F1 — each RSU converts to one ordinary share; F2 — shares were withheld to pay tax withholding obligations on vesting.
• Shares owned after the transaction: not specified in the supplied data / not reported here.

Context
This was a routine RSU vesting and partial share withholding to cover taxes (a cashless withholding), not an open-market purchase or a voluntary sale that signals trading intent. Such settlement/withholding transactions are common form-of-compensation events for executives and directors and are generally considered administrative rather than market-timing trades.