Abercrombie CEO Fran Horowitz Receives Award, Sells Shares for Taxes

What Happened

• Fran Horowitz, CEO of Abercrombie & Fitch Co. (ANF), received a grant/award of 290,904 shares on 2026-03-26 (transaction code A). Of those, 128,289 shares were disposed (transaction code F) to cover tax withholding at $89.76 per share, producing proceeds of $11,515,221. The award price is reported as $0.00 (typical for restricted stock or RSU vesting). Net shares retained from the grant = 290,904 - 128,289 = 162,615.

Key Details

• Transaction date: 2026-03-26; Filing date: 2026-03-30 (Form 4 filed within required period).
• Award: 290,904 shares acquired at $0.00 (code A).
• Tax withholding/disposition: 128,289 shares disposed at $89.76 for $11,515,221 (code F).
• Net new shares retained by the insider from this event: 162,615.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan or other trading plan is indicated in the information provided; this appears to be standard tax withholding on a grant/vesting.

Context

• This looks like a routine equity award vesting where the company or insider surrendered/withheld a portion of the granted shares to cover taxes (common for RSUs). That withholding is reported as a disposition but does not typically indicate a voluntary market sale for investment reasons. The net effect increased Horowitz’s holdings by the remaining granted shares (162,615), assuming no other simultaneous transactions.