Frericks Joseph 4

What Happened

• Joseph Frericks, GVP and Corporate Controller at Abercrombie & Fitch (ANF), had 291 restricted stock units (RSUs) convert to common shares on March 12, 2026 (reported Mar 16, 2026). The RSU conversion is reported under transaction code M (exercise/conversion of derivative) at $0.00 per share. To cover taxes, 85 of the newly issued shares were withheld under code F at $84.08 per share (total value ~$7,147). After withholding, 206 shares were issued to Frericks.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-16 (timely).
• Conversion: 291 RSUs converted to 291 common shares (code M) at $0.00.
• Tax withholding: 85 shares withheld (code F) at $84.08/share for ~$7,147.
• Net shares issued to insider: 206 (291 converted less 85 withheld).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each RSU converts to one share; F2 — RSUs vest 25% per year starting on first anniversary (vesting schedule disclosed).

Context

• This was not an open-market purchase or a discretionary sale of stock but a routine conversion/vesting of RSUs with a standard "sell-to-cover" tax withholding. Code M indicates conversion/exercise of a derivative (RSU), and code F indicates shares were withheld to satisfy tax withholding obligations. Such transactions are typically compensation-related and do not by themselves imply a change in insider sentiment.