ANDERSON KERRII B 4
Research Summary
AI-generated summary
Abercrombie & Fitch (ANF) Director Kerrii Anderson Receives Phantom Stock Award
What Happened
- Kerrii B. Anderson, a director of Abercrombie & Fitch Co. (ANF), received a grant of 107.198 phantom shares on 2026-05-04. The award was recorded at $0.00 per share (derivative award), representing rights rather than immediate common-stock ownership. The grant is payable in common stock upon the reporting person's termination of service as a director.
Key Details
- Transaction date: 2026-05-04. Transaction type: A (Award/Grant of phantom stock). Price: $0.00 per share. Total reported value: $0 (derivative instrument).
- Shares granted: 107.198 phantom shares. These represent rights to receive one share of common stock per phantom share (see footnotes).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes: F1 — each phantom share equals a right to one share of common stock; F2 — the phantom shares become payable in common stock upon termination of the director’s service.
- Filing timeliness: The Form 4 was filed on 2026-05-12 for a 2026-05-04 grant, which is later than the typical 2-business-day window for Section 16 reporting; late filings can lead to disclosure delays and potential proxy disclosure of delinquent filings.
Context
- This grant is a deferred/phantom-stock award (a derivative right), not an open-market purchase or immediate receipt of common shares. Such awards compensate or retain directors and do not necessarily indicate an immediate bullish or bearish signal about the company.