Ball Robert J. 4

What Happened
Robert J. Ball, EVP & CFO of Abercrombie & Fitch (ANF), had 1,234 restricted stock units convert to common shares on 2026-03-09 (reported on Form 4). The conversion is reported as an exercise/conversion of a derivative (code M) at $0 exercise price. To satisfy tax withholding, 398 of the newly issued shares were disposed (code F) at $86.27 per share for total proceeds of $34,335. Net shares retained from this conversion are 1,234 − 398 = 836 shares (approximately $72,122 at $86.27/share).

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely filing).
• Conversion: 1,234 shares issued via exercise/conversion of derivative (M) at $0.00.
• Tax withholding: 398 shares withheld/disposed (F) at $86.27 = $34,335.
• Net shares received: 836 shares (1,234 issued − 398 withheld), approximate value $72,122 at $86.27.
• Footnotes: F1 — each restricted stock unit (RSU) converts to one share; F2 — RSUs vest one-third per year beginning March 7, 2025.
• Filing does not show total shares owned after the transaction in the provided excerpt.

Context
This was a routine conversion of RSUs with shares withheld to cover tax obligations (a common administrative step), not an open-market sale for investment purposes. Code M indicates conversion/exercise of a derivative (here, RSUs converting to shares) and code F indicates shares were used to pay taxes. No 10b5-1 or late-filing flags are noted in the provided data.