Egan Mary 4

What Happened

• Mary Egan, a director of Urban Outfitters, reported conversion/exercise of 2,100 derivative units on 2026-06-02 and a same-day disposition of 2,100 derivative units at $0.00; she was then reported as receiving (grant of) 2,100 restricted stock units (RSUs) on 2026-06-03. All reported transactions show $0 cash value (derivative transactions/awards), not open-market purchases or sales.

Key Details

• Transaction dates and types:
  • 2026-06-02: Exercise/conversion of derivative (Form 4 code M) — 2,100 units acquired (no price listed) and a same-day disposition of 2,100 units at $0.00 (derivative).
  • 2026-06-03: Grant/award (code A) — 2,100 RSUs granted at $0.00.
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes of the filing:
  • F1: Each RSU represents a contingent right to receive one common share.
  • F2: Some RSUs vest the earlier of June 3, 2026 or the day before the 2026 annual meeting, contingent on continued service as a director.
  • F3: Some RSUs vest the earlier of June 3, 2027 or the day before the 2027 annual meeting, contingent on continued service as a director.
• Filing timeliness: Reported on 2026-06-04 for transactions on 2026-06-02 and 06-03 — filed within the typical two-business-day window (timely).

Context

• RSUs are derivative awards that give a right to receive shares later if vesting conditions are met; they are not immediate open-market purchases or sales. The code M entries indicate conversion/settlement of derivative units; the code A entry is a new RSU grant. These actions reflect award/settlement mechanics and do not necessarily signal buy/sell intent in the market.