Oxford Industries (NYSE: OXM) grants 9,000 restricted stock units to Lilly Pulitzer CEO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kelly Michelle M reported acquisition or exercise transactions in this Form 4 filing.
Oxford Industries executive Michelle M. Kelly, CEO of Lilly Pulitzer, received a grant of 9,000 restricted stock units, each representing one share of common stock, as equity compensation under the company’s Long-Term Stock Incentive Plan. These units vest on June 1, 2029, meaning she must remain eligible until then to receive the underlying shares. Following this award, she now holds 17,270 restricted stock units directly. This is a non-cash compensation grant rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kelly Michelle M
Role
CEO, Lilly Pulitzer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 17,270 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units were granted by the Issuer pursuant to the Oxford Industries, Inc. Long-Term Stock Incentive Plan. The restricted stock units vest on June 1, 2029.
FAQ
What insider transaction did Oxford Industries (OXM) report for Michelle M. Kelly?
Oxford Industries reported that Michelle M. Kelly received 9,000 restricted stock units as an equity award. Each unit represents one share of common stock, granted under the Long-Term Stock Incentive Plan as part of her executive compensation package.
Are the 9,000 Oxford Industries (OXM) restricted stock units an open-market purchase or sale?
The 9,000 restricted stock units are a grant, not an open-market purchase or sale. They were awarded at a price of $0.00 per unit as part of compensation, classified as a “grant/award acquisition” under the company’s Long-Term Stock Incentive Plan.
When do Michelle M. Kelly’s new Oxford Industries (OXM) restricted stock units vest?
The newly granted Oxford Industries restricted stock units vest on June 1, 2029. Vesting means the units convert into common shares only at that future date, assuming vesting conditions, such as continued employment, are satisfied through that time.
How many Oxford Industries (OXM) restricted stock units does Michelle M. Kelly hold after this grant?
After the grant of 9,000 restricted stock units, Michelle M. Kelly holds a total of 17,270 restricted stock units directly. This reflects her equity-based compensation position in the company, separate from any other common stock she may own.
What does each Oxford Industries (OXM) restricted stock unit represent in this Form 4?
Each restricted stock unit represents a contingent right to receive one share of Oxford Industries common stock. The units were granted pursuant to the Oxford Industries, Inc. Long-Term Stock Incentive Plan, tying part of executive compensation to the company’s share performance over time.
How is the transaction in this Oxford Industries (OXM) Form 4 classified?
The transaction is classified as an acquisition with code A, meaning a grant or award. It involves derivative securities (restricted stock units) that convert into common stock at vesting, and is categorized as compensation rather than a direct market trade.