Horowitz Fran 4
Research Summary
AI-generated summary
Abercrombie (ANF) CEO Fran Horowitz Receives Award — 61,329 RSUs
What Happened
- Fran Horowitz, Chief Executive Officer of Abercrombie & Fitch Co. (ANF), was granted 61,329 restricted stock units (RSUs) on 2026-03-17. The Form 4 reports the award as a derivative acquisition (code A) with an acquisition price of $0.00 for record-keeping; the filing does not state a cash payment. RSUs convert to common shares upon vesting rather than being an immediate purchase or sale.
Key Details
- Transaction date: 2026-03-17; transaction type: Award/Grant (code A).
- Shares/units granted: 61,329 RSUs; reported acquisition price: $0.00 (derivative award).
- Vesting: RSUs vest one-third per year beginning on the first anniversary of the grant (see footnote).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Form filed 2026-03-19; this appears to be a timely Form 4 (filed within the required reporting window).
- Footnotes: F1 — each RSU represents a contingent right to one share of common stock; F2 — vesting schedule is one-third per year starting on the first anniversary.
Context
- RSU grants are a common form of executive compensation and do not represent an immediate market purchase or sale; economic value depends on ANF's share price when units vest and are settled. This grant increases Horowitz’s potential future stake if the RSUs vest and are converted to shares.