SCHOTTENSTEIN JAY L 4

What Happened Jay L. Schottenstein, Executive Chairman & CEO and a director of American Eagle Outfitters (AEO), received two grants of restricted stock units (RSUs) on 2026-03-25: 124,092 RSUs and 467,325 RSUs, for a total of 591,417 RSUs. Each unit was reported at $0.00 (derivative award) and represents a contingent right to receive one share of AEO common stock upon vesting.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (appears timely).
• Grants: 124,092 RSUs and 467,325 RSUs; total 591,417 RSUs; reported acquisition price $0.00 (derivative).
• Vesting: The RSUs vest in three equal annual installments beginning on the first anniversary of the grant (1/3 per year) (Footnotes F1, F2).
• Shares owned after transaction: Not disclosed in this Form 4.
• Other footnotes: F1 clarifies each RSU equals one share when settled; F3 describes an option vesting schedule (1/3 per year) but no option exercise is reported here.
• Transaction type code: A = Award/Grant (not a market purchase or sale).

Context These RSUs are compensation awards that convert to shares only as they vest; they are not immediate purchases or sales and do not reflect an open-market buy or sell. Because vesting is spread over three years, the grants indicate multi-year retention rather than an immediate change in share ownership or liquidity.