Nunez Arturo 4
Research Summary
AI-generated summary
Abercrombie (ANF) Director Arturo Nunez Exercises Options, Receives RSUs
What Happened
- Arturo Núñez, a director of Abercrombie & Fitch Co. (ANF), on 2026-06-03 exercised/converted 2,089 derivative shares (reported at $0.00) and simultaneously disposed of the same 2,089 shares (also $0.00). On the same date he was granted/awarded 2,160 derivative units (reported at $0.00), listed as restricted stock units (RSUs).
- The exercise/conversion and immediate disposal show no cash value reported in the Form 4 (all transactions recorded at $0.00). The RSU grant is a contingent right to receive common shares in the future.
Key Details
- Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (timely filing).
- Transactions: M (exercise/conversion) — 2,089 shares acquired then 2,089 shares disposed; A (award/grant) — 2,160 RSUs granted. All reported at $0.00.
- Shares owned after the transactions: not provided in the supplied data — see the full Form 4 for total beneficial ownership.
- Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs vest the earlier of the first anniversary of the grant or the next regularly scheduled annual meeting of stockholders.
- No 10b5-1 plan, tax-withholding method, or late filing indication is shown in the supplied data.
Context
- The filing shows an exercise/conversion immediately followed by a disposal of the same number of derivative shares, and a separate RSU grant. When exercise is followed by a disposition, the reporting indicates the shares were not retained, but the Form 4 does not state the reason (e.g., sale, tax withholding, or net-share settlement).
- RSUs are contingent awards and only convert to actual shares according to the vesting conditions noted in the footnote.