Sable David M. 4

What Happened

• David M. Sable, a director of American Eagle Outfitters, reported receiving 243 share units (derivative securities) on January 23, 2026 as an award/acquisition. The Form 4 shows a $0.00 per-unit price, indicating these are compensation/share-unit awards rather than an open-market purchase. The units represent the economic equivalent of 243 shares and include dividend equivalent rights accrued on previously awarded share units; they become payable upon the reporting person's termination of service as a director.

Key Details

• Transaction date: 2026-01-23; Form 4 filed: 2026-01-27 (filed within required reporting window).
• Transaction type/code: Award/Acquisition (derivative) — 243 share units @ $0.00.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes: F1 — each unit equals the economic equivalent of one common share and is payable upon termination; F2/F3 — units include dividend equivalents accrued on prior awards.
• Not an open-market buy or sale; no cash exchanged at grant (compensation-related award).

Context

• These are deferred share units (derivative awards) that typically function as long-term or deferred compensation and do not necessarily indicate a buy or sell signal by the insider. They are generally paid out (in stock or cash) upon termination or at a later vesting/payment date, per the footnotes.