Campbell Kotzman Kelly 4

What Happened

• Campbell Kotzman Kelly, a director of Urban Outfitters, is reported to have converted/exercised 2,100 derivative units on 2026-06-02 (transaction code M) and a corresponding 2,100-unit disposition at $0.00 was recorded the same day. On 2026-06-03 she was reported as receiving/granted 2,100 Restricted Stock Units (RSUs) (transaction code A). The filing shows $0 cash proceeds associated with the reported disposition.

Key Details

• Transaction dates and types: 2026-06-02 (exercise/conversion, M) and 2026-06-03 (grant/award, A).
• Reported prices/proceeds: Exercise/conversion listed as N/A for acquisition; disposal recorded at $0.00 (no cash proceeds).
• Shares after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Each RSU equals a contingent right to one common share.
  • F2/F3: RSUs vest on the earlier of June 3, 2026 (some RSUs) or June 3, 2027 (other RSUs), or the day before the respective annual meeting, provided the reporting person remains a director through that date.
• Filing: Form 4 filed 2026-06-04 for a reportable period of 2026-06-02 — the filing appears timely. No 10b5-1 plan or explicit tax-withholding detail is stated in the form.

Context

• Transaction codes: M = exercise or conversion of a derivative security; A = award/grant of an award (here, RSUs). Derivative activity with $0 proceeds often reflects conversion, net settlement, or internal settlement mechanisms rather than an open-market sale for cash; the filing does not provide further detail or state a sale for cash.
• RSU grants are compensation awards tied to future vesting and are conditional on continued service as noted in the footnotes. Such grants are common for directors and are not direct purchases indicating personal cash investment.