Savman David 4

What Happened

• David Savman, Global Brand President (CK) of PVH Corp. (PVH), received equity awards on April 6, 2026: two awards totaling 15,382 restricted stock units (RSUs) were reported as acquired at $0.00 (awards). To satisfy tax withholding, 2,243 shares were withheld/disposed at $80.83 per share (578 shares = $46,720; 1,665 shares = $134,582), totaling $181,302. Net shares delivered to Savman were about 13,139. The awards are not purchases — they are compensation/vesting events; the withholdings are routine tax-related dispositions.

Key Details

• Transaction date(s): April 6, 2026; Form 4 filed April 8, 2026 (timely).
• Awarded: 12,372 RSUs and 3,010 RSUs (total 15,382 RSUs) reported as acquired at $0.00 (compensation).
• Withheld/disposed for taxes: 578 shares ($46,720) and 1,665 shares ($134,582) at $80.83/share — total withheld value $181,302.
• Net shares retained: ~13,139 shares (15,382 awarded minus 2,243 withheld).
• Shares owned after transaction: filing does not state total beneficial ownership; footnotes list remaining unvested RSU balances (see below).
• Notable footnotes:
  • F1: RSU award vests 25% annually (3,093 shares per anniversary for the 12,372 award).
  • F3 & F6: Shares were withheld to satisfy the Reporting Person’s tax obligations.
  • F5: Some shares reflect vesting of a performance share unit award granted April 6, 2023.
  • Other footnotes in the filing note additional unvested RSU totals (e.g., 30,139 and 29,094 shares listed in footnotes).
• Filing timeliness: Reported within two business days of the transaction (filed Apr 8 for Apr 6 activity).

Context

• These transactions are award/vesting and tax-withholding events — common when RSUs/PSUs vest; they are not open-market purchases or sell signals. The withheld shares function like a cashless tax payment rather than an intentional sale. For retail investors, awards increase insider exposure but do not necessarily indicate a change in insider sentiment.