Horowitz Fran 4

What Happened
Fran Horowitz, CEO of Abercrombie & Fitch Co. (ANF), had 48,484 restricted stock units (RSUs) convert to common shares on March 9, 2026. Of those shares, 21,382 were surrendered to cover tax withholding at $86.27 per share, generating $1,844,625. The conversion carried no cash exercise price, so Horowitz received a net of 27,102 shares (48,484 converted − 21,382 withheld).

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (within the typical 2-business-day window).
• Conversion: 48,484 RSUs converted to 48,484 shares (exercise/conversion code M) at $0.00 exercise price.
• Tax withholding: 21,382 shares disposed (code F) at $86.27 per share for $1,844,625.
• Net shares added to insider’s holdings: 27,102 (unless other holdings reported separately).
• Footnotes: F1 = each RSU converts to one common share; F2 = RSUs vest one‑third per year starting on the first anniversary of grant.
• No late filing indicated in the provided information.

Context
This was a routine RSU vesting and tax-withholding event, not an open-market purchase or a voluntary sale for investment purposes. The $0.00 exercise price and the use of shares to cover taxes indicate conversion of granted RSUs and a cashless withholding arrangement, which is common for executives receiving equity awards. This type of transaction documents compensation realization and tax settlement, and does not by itself signal a change in the CEO’s view on the company’s stock.