Arnault Alexandre 4

What Happened

• Alexandre Arnault, a director of Birkenstock Holding plc (BIRK), had 1,623 restricted stock units (RSUs) convert into ordinary shares on 2026-04-29 (reported on Form 4 filed 2026-04-30).
• Of the 1,623 shares that vested, 690 shares were withheld to satisfy tax withholding at $37.50 per share (690 × $37.50 = $25,875). The RSU conversion itself is reported at $0.00 (no cash purchase price); net shares received = 1,623 − 690 = 933 shares.
• This was not an open-market sale by the insider; it was an RSU vesting with share withholding to cover taxes (a routine, non-dispositive event).

Key Details

• Transaction date: 2026-04-29; Form 4 filed: 2026-04-30 (timely filing).
• Codes: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld to pay tax withholding.
• Shares converted: 1,623 RSUs → 1,623 ordinary shares (reported at $0.00 acquisition price).
• Shares withheld/disposed for taxes: 690 shares at $37.50/share = $25,875.
• Net shares received by insider: 933 shares (933 × $37.50 = $34,987.50 implied market value using the filing price).
• Footnotes: F1 clarifies each RSU equals a right to one ordinary share on settlement; F2 notes the 690 shares were withheld to meet tax obligations on vesting.
• Shares owned after the transaction: not specified in the filing.

Context

• This was a cashless-style settlement of RSUs (shares withheld to cover taxes), not an open-market sale or a new purchase — a common administrative step when equity awards vest.
• Such withholding transactions are routine and generally reflect tax obligations rather than a deliberate decision to sell shares; they should be interpreted differently from discretionary insider purchases or market sales.