PAGE JANICE E 4

What Happened Janice E. Page, a director of American Eagle Outfitters (AEO), was granted 18 share units on 2026-01-23. The units were awarded at $0.00 (i.e., no cash purchase) and are reported as a derivative grant rather than an open-market trade. This was an award/grant (transaction code A) of 18 units with a reported total dollar value of $0.

Key Details

• Transaction date and price: 2026-01-23; 18 share units @ $0.00.
• Filing date: 2026-01-27 (filed within the SEC two-business-day window for Form 4s).
• Shares owned after transaction: not specified in the filing.
• Footnote highlights:
  • F1: Each share unit equals the economic value of one common share and becomes payable when the reporting person ceases service as a director.
  • F2: Some shares reflect dividend equivalent rights accrued on previously awarded share units.
  • F3: Total includes share units from a special dividend plus accrued dividend equivalents.
• Transaction type: derivative award (not a market buy or sell).

Context These share units are a form of deferred/phantom equity commonly used for director compensation—units track stock value and often pay out (or convert) upon departure or at a specified time. Because this was an awarded derivative (18 units) rather than an open-market purchase or sale, it reflects routine compensation and should not be interpreted as a contemporaneous bullish or bearish trading signal.