Abercrombie & Fitch (ANF) EVP Samir Desai Receives Award, Sells Shares

What Happened

• Samir Desai, EVP and Chief Digital & Technology Officer at Abercrombie & Fitch (ANF), received a stock award of 70,522 shares on 2026-03-26 (code A). To cover the tax liability on the award, 34,832 shares were surrendered/withheld (code F) at an effective price of $89.76 per share, generating proceeds of about $3,126,520. The award shares show an acquisition price of $0.00 (typical for grants).

Key Details

• Transaction dates: Award and withholding both reported for 2026-03-26; Form 4 filed 2026-03-30 (filed within the usual 2 business-day window).
• Award: 70,522 shares received (code A), acquisition price $0.00.
• Tax withholding/disposition: 34,832 shares disposed (code F) at $89.76 each, total ≈ $3,126,520.
• Net shares retained from this grant (simple calc): 70,522 − 34,832 = 35,690 shares retained.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction codes explained: A = Award/Grant; F = Payment of exercise price or tax liability (here used to cover taxes).
• No indication in this filing of a 10b5-1 plan or other special sale program.

Context

• This is a compensation-related stock award and a routine tax-withholding disposition—not an open-market purchase or discretionary sale. Such transactions are common when companies grant equity: some shares are withheld or sold to satisfy tax obligations. These actions are administrative and do not, by themselves, signal the insider’s personal buying or selling intent in the market.