Form 4: Capri Holdings Executive Reports Share Transactions
SEC Form 4
Krista A. McDonough, SVP, GC & Chf Sustain Off of Capri Holdings, reports transactions involving ordinary shares and restricted share units.
Summary
- On June 17, 2024, Krista A. McDonough reported transactions involving Capri Holdings Ltd ordinary shares.
- These transactions included the settlement of restricted share units (RSUs) resulting in the issuance of ordinary shares.
- Shares were also withheld by the company to cover tax obligations upon vesting of RSUs.
- McDonough acquired 39,063 restricted share units on June 17, 2024, which will vest over the next four years.
- Following these transactions, McDonough directly owns 78,842 ordinary shares and 39,063 restricted share units.
- McDonough also holds an employee share option (right to buy) for 4,900 ordinary shares at an exercise price of $67.52, which is immediately exercisable.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The newly granted RSUs will vest over the next four years, contingent on continued employment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and share ownership changes.
Key Dates
| Date | Description |
|---|---|
| 06/15/2021 | Date of original grant of some restricted share units, vesting 1/3 each year on June 15, 2022, 2023, and 2024. |
| 06/15/2022 | Date of original grant of some restricted share units, vesting 1/3 each year on June 15, 2023, 2024, and 2025. |
| 06/15/2023 | Date of original grant of some restricted share units, vesting 25% each year on June 15, 2024, 2025, 2026 and 2027. |
| 06/17/2024 | Date of transactions reported, including settlement of RSUs and acquisition of new RSUs. |
| 06/17/2024 | Date of original grant of some restricted share units, vesting 25% each year on June 17, 2025, 2026, 2027 and 2028. |
| 06/15/2025 | Expiration date of employee share option (right to buy). |
| 06/20/2024 | Date of signature on the Form 4 filing. |
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