HENCHEL GREGORY J 4
Research Summary
AI-generated summary
Abercrombie & Fitch EVP Gregory Henchel Exercises RSUs, Sells Shares
What Happened
Gregory J. Henchel, EVP, General Counsel & Secretary of Abercrombie & Fitch (ANF), had 1,244 restricted stock units (RSUs) convert into 1,244 shares on March 12, 2026. Of those shares, 549 were withheld/disposed to cover tax withholding at an implied price of $84.08 per share, totaling $46,160. The remaining net shares issued to him were 695.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-16 (timely filing).
- Conversion: 1,244 RSUs converted to 1,244 shares (derivative conversion, code M) at $0.00 exercise price.
- Tax withholding: 549 shares disposed (code F) at $84.08 per share → $46,160 withheld for taxes.
- Net shares received after withholding: 695 shares.
- Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs vest one-third per year beginning on the first anniversary of the grant (this appears to be a scheduled vesting conversion).
- The filing does not report Henchel’s total shares owned after the transaction beyond the net shares issued from this vesting.
Context
This was a routine conversion of RSUs into stock with shares withheld to satisfy tax obligations — common for executive equity awards. This is not an open-market purchase or sale for investment purposes; the disposal was solely for tax withholding.