Rust Jay 4

What Happened

• Jay Rust, EVP Human Resources at Abercrombie & Fitch Co. (ANF), had 2,939 restricted stock units (RSUs) convert/vest on March 9, 2026 (reported on Form 4 filed Mar 11, 2026). Of those shares, 1,353 were withheld to cover tax withholding at an effective value of $86.27 per share, totaling $116,723. The conversion created 2,939 shares and the withholding reduced the net shares delivered to Rust to 1,586.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (appears timely for Form 4 reporting).
• Codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding (shares withheld).
• Shares converted: 2,939; shares withheld for taxes: 1,353 @ $86.27 = $116,723; implied net delivered: 1,586 shares.
• Footnotes: Each RSU represents a contingent right to one share; RSUs vest one-third per year beginning on the first anniversary of the grant.
• Shares owned after the transaction are not specified in the provided filing; net shares retained from this vesting event = 1,586 (2,939 − 1,353).

Context

• This was a routine RSU vesting and tax-withholding event rather than an open-market sale or purchase. Withholding of shares to cover taxes is common and does not necessarily indicate a change in sentiment. No indication of a 10b5-1 plan or other sale program in the provided filing.