Form 4: Capri Holdings Director Stephen F. Reitman Reports Acquisition of Restricted Share Units

Director Stephen F. Reitman reports acquisition of 4,854 restricted share units (RSUs) in Capri Holdings Ltd.

Summary

• Stephen F. Reitman, 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 earliest of September 4, 2025 (one year anniversary), or the company's annual shareholder meeting in the following calendar year.
• Settlement will be in ordinary shares on a 1:1 basis unless deferred.
• Pro-rata vesting occurs if service terminates before the first anniversary, with full vesting upon death or disability.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with company performance.

Positives

• The grant of RSUs aligns the director's interests with the company's performance.
• The vesting schedule incentivizes continued service with Capri Holdings.

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 is typical for publicly traded companies.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the director.
• Employees may see this as part of the company's compensation strategy.

Key Dates