Frericks Joseph 4

What Happened

• Joseph Frericks, GVP and Corporate Controller at Abercrombie & Fitch (ANF), had 780 restricted stock units (RSUs convert/vest) on March 23, 2026. The RSUs converted into 780 shares (reported as exercise/conversion, code M) at $0.00 exercise price. To cover tax withholding, 227 of those shares were surrendered at $87.51 per share (code F) for a total withholding value of $19,865. Net shares delivered to Frericks were 553 (780 − 227).
• This was receipt of compensation (award/vesting) rather than an open‑market purchase or a discretionary sale; the surrender of shares was for tax withholding, a routine administrative step.

Key Details

• Transaction date: 2026-03-23 (Form filed 2026-03-25; appears timely).
• Items reported:
  • M: 780 shares acquired via exercise/conversion of RSUs at $0.00.
  • F: 227 shares withheld for taxes at $87.51 each = $19,865 (disposed).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes: F1 — each RSU converts to one common share; F2 — RSUs vested 50% on 2025-03-22 and 50% on 2026-03-22 (this is the second vesting tranche).
• Filing timeliness: Period of report 2026-03-23, filing dated 2026-03-25; no late‑filing flag shown.

Context

• This is a standard compensation vesting event (RSUs converting to shares). The withholding of 227 shares to cover taxes is a common, administrative “sell-to-cover”–type action and should not be read as a discretionary sale of shares by the insider.
• Purchases or open‑market buys can be stronger signals of insider conviction; award vesting events are routine and primarily reflect compensation rather than a trading decision.