Desai Samir 4

What Happened

• Samir Desai, EVP & Chief Digital & Technology Officer at Abercrombie & Fitch (ANF), had 2,419 restricted stock units (RSUs) convert into common shares on March 12, 2026. To satisfy tax withholding, 1,195 of those shares were surrendered at an average value of $84.08 per share (totaling $100,476). The net shares retained by Desai from this vesting event were 1,224 (2,419 converted − 1,195 withheld).
• The Form 4 shows the RSU conversion recorded as derivative exercises (code M) and the tax withholding as a disposition for tax liability (code F).

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-16 (appears timely).
• RSUs converted: 2,419 shares (no cash exercise price).
• Shares withheld for taxes: 1,195 shares at $84.08/share = $100,476.
• Net shares received: 1,224 shares.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — these RSUs vest one‑third per year beginning on the first anniversary of the grant (this was a scheduled vesting tranche).
• No 10b5-1 plan or late filing indication provided in the excerpt.

Context

• This was a vesting/tax-withholding event, not an open-market purchase or a discretionary sale. Such transactions are routine for executives receiving equity compensation and primarily reflect tax obligations on vested awards rather than a directional market bet.
• The derivative entries reflect conversion/cancellation of RSUs into actual shares (common for RSU vesting).