Capri Holdings (CPRI) CEO details RSU conversion and 13,164-share tax sale
Rhea-AI Filing Summary
Capri Holdings Ltd reported an insider equity transaction by its Chairman & CEO and Director on 12/19/2025. The filing shows the conversion of 13,164 restricted share units (RSUs) into ordinary shares at an exercise price of $0, followed by the disposition of 13,164 ordinary shares at $25.25 per share to cover FICA and other tax withholding obligations under the company’s incentive plan. After these transactions, the reporting person directly beneficially owned 2,202,645 ordinary shares and held multiple RSU awards that settle one ordinary share for each vested RSU. The filing notes that this total excludes 54,600 ordinary shares held by the Idol Family Foundation, for which the reporting person may be deemed to have beneficial ownership but no pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units | 13,164 | $0.00 | -- |
| Exercise | Ordinary shares, no par value | 13,164 | $0.00 | -- |
| Tax Withholding | Ordinary shares, no par value | 13,164 | $25.25 | $332K |
| holding | Restricted share units | -- | -- | -- |
| holding | Restricted share units | -- | -- | -- |
Footnotes (1)
- Represents the conversion of restricted share units ("RSUs") into ordinary shares, no par value, on a one-for-one basis to satisfy FICA and other tax withholding obligations due to the reporting person being retirement eligible under the Capri Holdings Limited Amended and Restated Incentive Plan (the "Incentive Plan"). This amount excludes 54,600 ordinary shares, no par value, held by the Idol Family Foundation. The reporting person may be deemed to have beneficial ownership of the shares held by the Idol Family Foundation but does not have a pecuinary interest in such shares. Represents shares withheld by the Company to cover FICA and other tax withholding obligations of the reporting person due to the reporting person being retirement eligible under the Incentive Plan. Granted on June 16, 2025 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 16, 2026, 2027 and 2028, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan. The RSUs do not expire. Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU. Granted on June 17, 2024 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 25% each year on June 17, 2025, 2026, 2027 and 2028, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan. Granted on June 15, 2023 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 25% each year on June 15, 2024, 2025, 2026 and 2027, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.