Vaid Helen 4
Research Summary
AI-generated summary
Abercrombie (ANF) Director Helen Vaid Converts 2,089 RSUs
What Happened
- Helen Vaid, a director of Abercrombie & Fitch Co. (ANF), reported the conversion/exercise of 2,089 derivative units on 2026-06-03. The filing shows 2,089 shares acquired at $0.00 and 2,089 shares disposed at $0.00 (transaction code M — exercise/conversion of a derivative).
- The entries reflect restricted stock units (RSUs) converting into common shares (footnote F1). Because the reported price is $0.00, the filing reports no exercise price or cash paid; total reported value for both entries is $0.
Key Details
- Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (timely).
- Shares involved: 2,089 acquired and 2,089 disposed (both at $0.00).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 — each RSU equals a contingent right to one share; F2 — vesting occurs earlier of first anniversary of grant or next annual meeting.
- Filing appears timely (filed within two business days of the reported transaction).
Context
- The filing shows conversion of RSUs into shares. The simultaneous acquisition and disposition at $0.00 is a common pattern when RSUs vest and shares are delivered/withheld for tax or settlement purposes, but the Form 4 does not specify the exact settlement method or any cash proceeds.
- This is not an open-market buy or sale by the director that signals a directional trade; it reflects equity compensation vesting/conversion.