SCHOTTENSTEIN JAY L 4

What Happened
Jay L. Schottenstein, Executive Chairman & CEO and a director of American Eagle Outfitters (AEO), converted derivative awards into common stock on 2026-03-30. The filing shows an exercise/conversion (code M) resulting in 45,767 shares issued at $0.00 (typical for vested RSUs/dividend equivalents). To cover tax withholding (code F), 18,229 shares were disposed at $16.09 for proceeds of $293,305. The filing also reports conversions/dispositions of 3,751 and 42,016 shares (both reported at $0.00) related to the same award settlement mechanics.

Key Details

• Transaction date: 2026-03-30; Form 4 filed 2026-04-01 (appears timely).
• Reported actions: M = exercise/conversion of derivatives (45,767 shares acquired at $0.00); F = shares withheld to satisfy tax liability (18,229 shares disposed at $16.09; $293,305). Additional M dispositions: 3,751 and 42,016 shares at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — some shares are owned by family trusts for which Mr. Schottenstein or his spouse are trustees; F2–F4 — the awards include dividend equivalent rights and restricted stock units (RSUs) that vest over three equal annual installments and convert into ordinary shares on vesting.
• Filing does not indicate a 10% owner status or a 10b5-1 plan.

Context
These entries reflect the conversion/settlement of equity compensation (RSUs and related dividend equivalents) rather than an open‑market buy or planned sale. The withholding of 18,229 shares to cover tax obligations is a common administrative step following vesting and doesn’t necessarily signal a buy/sell view on the stock.