AEO Director Janice Page Receives 27 Share Units Award

What Happened
Janice Page, a director of American Eagle Outfitters (AEO), was granted 27 share units on 2026-07-24. The report shows 27 units acquired at $0.00 (a derivative award), meaning no cash was paid by the director. These units are not ordinary stock delivered immediately; they are share units that carry the economic equivalent of one common share each and become payable upon termination of her service as a director.

Key Details

• Transaction date: 2026-07-24; Form 4 filed 2026-07-28.
• Transaction type: Award/Grant of derivative share units (code A). Price: $0.00. Quantity: 27 units.
• Shares owned after transaction: Not specified in the filing.
• Footnotes in the filing:
  • F1: Each share unit equals the economic equivalent of one common share and is payable upon termination of director service.
  • F2: Some shares reflect dividend equivalent rights accrued on previously awarded units.
  • F3: Total includes units from a special dividend plus accrued dividend equivalents.
• No indication in the filing that shares were sold or bought in the market; this is a compensation/award transaction.

Context
This is a director compensation award (deferred/share units), not a market purchase or sale. Such awards typically reflect routine compensation and do not by themselves indicate a trading signal about the director’s market view. The units may convert to cash or stock under the plan's terms when the director's service ends and include accrued dividend equivalents.