Mathias Michael A. 4

What Happened
Michael Mathias, EVP and Chief Financial Officer of American Eagle Outfitters (AEO), was issued 76,265 shares as an award on February 5, 2026 (reported on a Form 4 filed Feb 9). Of those shares, 27,425 were surrendered/withheld to satisfy tax obligations at a reported value of $23.09 per share, totaling about $633,243. The grant was recorded at $0.00 per share (standard for awarded RSUs/stock grants), so Mathias net received 48,840 shares from this transaction.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (filed within the two-business-day reporting window for a Feb 5 transaction).
• Award (Code A): 76,265 shares acquired at $0.00.
• Tax/payment withholding (Code F): 27,425 shares disposed at $23.09, proceeds ~ $633,243.
• Net shares retained from this award: 76,265 − 27,425 = 48,840 shares.
• The Form 4 excerpt provided does not state Mathias’s total AEO holdings after the transaction (only the award and withholding are reported).
• Codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).

Context
This appears to be a standard equity award (likely RSUs or similar) where a portion of the issued shares were withheld to cover tax liabilities — a routine administrative step rather than an open-market sale or purchase. Such withholdings are common and do not, by themselves, indicate the insider’s market view.