Frericks Joseph 4
Research Summary
AI-generated summary
ANF: Joseph Frericks (GVP Controller) Converts RSUs; 207 Shares Withheld
What Happened
Joseph Frericks, GVP and Corporate Controller of Abercrombie & Fitch (ANF), had 715 restricted stock units convert into 715 shares on March 11, 2026 (exercise/conversion code M). No exercise price was paid (reported $0.00). To satisfy tax withholding (code F), 207 of those shares were withheld at $87.28 per share, totaling $18,067. Net shares delivered to Frericks after withholding were 508 (715 - 207). The filing was submitted on March 13, 2026.
Key Details
- Transaction date: 2026-03-11; Filing date: 2026-03-13 (timely within 2 business days).
- Conversion: 715 RSUs → 715 common shares; exercise/conversion price reported $0.00.
- Tax withholding: 207 shares withheld at $87.28/share = $18,067 (code F).
- Net shares retained by insider: 508 shares (computed).
- Footnotes: F1 — each RSU converts to one share; F2 — RSUs vest 25% per year starting on first anniversary.
- Shares owned after transaction: not specified in the Form 4 filing.
Context
This was a routine vesting/conversion of restricted stock units with portion withheld to cover taxes (common practice), not an open-market purchase or discretionary sale. The conversion (M) and withholding (F) entries reflect issuance of shares from RSUs and share withholding for tax obligations, respectively.