Form 4: American Eagle Outfitters Executive Chairman Jay Schottenstein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jay Schottenstein, Executive Chairman & CEO of American Eagle Outfitters, reports acquisition and disposal of common stock, resulting in adjusted beneficial ownership.
Summary
- On February 21, 2025, Jay Schottenstein, the Executive Chairman & CEO of American Eagle Outfitters, reported changes in his beneficial ownership of the company's common stock.
- He acquired 179,836 shares of common stock at $0.00, and disposed of 60,628 shares at $13.77.
- Following these transactions, his direct ownership stands at 1,891,059 shares.
- He also has indirect ownership through Schottenstein SEI, LLC (2,611,235 shares), SEI, Inc. (2,971,202 shares), and various family trusts (7,435,574 shares).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholder confidence, depending on the interpretation of the transactions.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of the reported transactions (acquisition and disposal of shares). |
| 02/24/2025 | Date of signature for the Form 4 filing. |
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