Conforti Frank 4
Research Summary
AI-generated summary
Urban Outfitters (URBN) Co‑President Frank Conforti Sells 9,391 Shares
What Happened
- Frank Conforti, Co‑President and COO of Urban Outfitters, reported an open‑market sale of 9,391 shares on May 22, 2026. The weighted average sale price was $73.19 per share, producing gross proceeds of about $687,290. This transaction is a sale (S) and is typically considered a routine disposition rather than a bullish signal.
Key Details
- Transaction date: May 22, 2026 (reported on Form 4 filed May 26, 2026)
- Price: Weighted average $73.19; actual prices ranged from $73.05 to $73.33 (see footnote)
- Shares sold: 9,391; Approximate proceeds: $687,290
- Shares owned after transaction: Not specified in the excerpt of the filing
- Footnote: The filing notes the Column 4 price is a weighted average and that the seller will provide, upon request, the number of shares sold at each separate price within the $73.05–$73.33 range
- 10b5‑1 / tax withholding / other plan: The filing does not indicate a 10b5‑1 plan or other special arrangements
- Timeliness: The Form 4 was filed four days after the trade (May 26 for a May 22 transaction); Form 4s are generally required within two business days, so this filing appears to have been submitted late
Context
- Sales by executives can be routine (diversification, tax planning, liquidity) and do not necessarily indicate a change in view on the company. For retail investors, purchases generally carry more informational weight than routine sales; this filing documents a standard open‑market sale with no additional dispositive context disclosed.