Horowitz Fran 4

What Happened

• Fran Horowitz, CEO of Abercrombie & Fitch Co. (ANF), converted 21,815 restricted stock units (RSUs) into common shares on March 11, 2026 (reported on Form 4). To satisfy tax withholding, 9,621 of those shares were surrendered at $87.28 per share for a total withholding value of $839,721. The conversion resulted in a net increase of 12,194 shares to her holdings.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion), F = payment of tax liability via share withholding.

Key Details

• Transaction date: 2026-03-11; shares withheld sold/withheld price used: $87.28; withholding value: $839,721.
• Shares acquired (conversion): 21,815; shares withheld/disposed for taxes: 9,621; net new shares: 12,194.
• Footnotes: F1 — each restricted stock unit = right to one common share; F2 — RSUs vest one-third per year beginning on the first anniversary of the grant.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Report filed 2026-03-13 for a 2026-03-11 transaction (appears timely under standard Form 4 rules).

Context

• This was a vesting/conversion and routine tax-withholding event, not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is a common net-share settlement method and does not necessarily signal a change in the insider’s view of the company.