Form 4: Capri Holdings Director Mahesh Madhavan Reports Acquisition of Restricted Share Units

Director Mahesh Madhavan reports acquisition of restricted share units (RSUs) in Capri Holdings, vesting over one year with potential for pro-rata vesting or full vesting upon specific events.

Summary

• Mahesh Madhavan, a director of Capri Holdings Ltd, reported the acquisition of 4,854 restricted share units (RSUs) on September 4, 2024.
• These RSUs were granted under the Capri Holdings Limited Third Amended and Restated Omnibus Incentive Plan.
• The RSUs vest on the earlier of September 4, 2025 (one year anniversary) or the company's annual shareholder meeting in the following calendar year.
• Settlement of the award will be satisfied through the issuance of one ordinary share for each vested RSU.
• If Madhavan's service terminates before the first anniversary, the RSUs will vest pro-rata.
• The RSUs will fully vest in the event of death or disability.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership. It doesn't convey any particularly positive or negative sentiment.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with those of shareholders.

Stakeholder Impact

• The granting of RSUs aligns the director's interests with those of shareholders, incentivizing them to work towards increasing the company's value.

Key Dates