Frericks Joseph 4

What Happened
Joseph Frericks, GVP and Corporate Controller of Abercrombie & Fitch Co. (ANF), had 1,234 restricted stock units (RSUs) convert into 1,234 shares on March 9, 2026. Of those, 424 shares were surrendered to cover tax withholding at $86.27 per share for a tax payment of $36,578. Net shares delivered to Frericks were 810 shares (1,234 − 424). The RSUs converted at $0 exercise price (typical for RSU vesting).

Key Details

• Transaction date: March 9, 2026. Form 4 filed March 11, 2026 (appears timely).
• Conversion / exercise (code M): 1,234 RSUs converted to 1,234 common shares @ $0.00.
• Tax withholding (code F): 424 shares withheld/disposed @ $86.27 each = $36,578.
• Net shares received: 810 shares.
• Footnotes: F1 — each RSU = one share; F2 — RSUs vest 25% per year beginning March 7, 2025 (part of a multi-year vesting schedule).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This was a standard RSU conversion/settlement with tax withholding (not an open-market sale or purchase). The withholding of shares to satisfy tax obligations is routine and does not by itself indicate a change in the insider’s market view. The vesting schedule (25% per year starting March 7, 2025) suggests these were scheduled vesting RSUs rather than a discretionary award.