Form 4: Capri Holdings Director Mahesh Madhavan Reports Acquisition of Shares Through RSU Conversion
SEC Form 4 Filing
Director Mahesh Madhavan reports acquiring 4,861 ordinary shares of Capri Holdings through the conversion of restricted share units (RSUs) on August 2, 2024.
Summary
- On August 2, 2024, Mahesh Madhavan, a director of Capri Holdings Ltd, acquired 4,861 ordinary shares.
- This acquisition resulted from the conversion of restricted share units (RSUs) into ordinary shares on a one-for-one basis.
- Following the transaction, Madhavan directly owns 5,924 ordinary shares.
- The RSUs do not expire and are settled through the issuance of one ordinary share for each vested RSU.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction increases the director's stake in the company, potentially aligning their interests more closely with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/02/2024 | Date of transaction: Acquisition of shares through RSU conversion. |
| 08/06/2024 | Date of signature for the Form 4 filing. |
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