Form 4: Urban Outfitters Director Harry Cherken Jr. Reports Stock Transactions
SEC Form 4 Filing
Director Harry Cherken Jr. reports acquisition and disposal of Urban Outfitters Inc. stock and restricted stock units.
Summary
- On June 4, 2024, Harry Cherken Jr., a director of Urban Outfitters Inc., reported transactions involving the company's stock.
- Cherken acquired 4,750 common shares through the vesting of restricted stock units (RSUs).
- Following these transactions, Cherken directly owns 570,296 common shares and indirectly owns 4,400 shares through a trust.
- On June 5, 2024, Cherken acquired 3,700 director restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The RSUs vest on the earlier of June 5, 2025 or the date preceding the day of the 2025 annual meeting of the issuer's shareholders, provided that the reporting person is a director of the issuer through such date.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice and regulated by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Acquisition of 4,750 common shares through vesting of RSUs. |
| 06/05/2024 | Acquisition of 3,700 director restricted stock units. |
| 06/06/2024 | Date of signature for the Form 4 filing. |
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