URBAN OUTFITTERS (URBN) CAO exercises awards and sells stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
URBAN OUTFITTERS INC Chief Administrative Officer Azeez Hayne exercised equity awards and sold shares. On March 11, 2026, he exercised performance-based and time-based restricted stock units into a total of 5,566 common shares at a conversion price of $0.00 per share. The company withheld 2,554 shares at $64.93 per share to cover tax obligations, and he completed an open-market sale of 5,720 common shares at $66.00 per share. Following these transactions, he held 8,733 common shares directly, with additional indirect holdings of 8,827 and 55,815 common shares held by trusts associated with him.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,720 shares ($377,520)
Net Sell
9 txns
Insider
Hayne Azeez
Role
Chief Administrative Officer
Sold
5,720 shs ($378K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Unit | 2,783 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,783 | $0.00 | -- |
| Exercise | Common Shares | 2,783 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,277 | $64.93 | $83K |
| Exercise | Common Shares | 2,783 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,277 | $64.93 | $83K |
| Sale | Common Shares | 5,720 | $66.00 | $378K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Performance Based Restricted Stock Unit — 5,566 shares (Direct);
Restricted Stock Unit — 5,566 shares (Direct);
Common Shares — 14,224 shares (Direct);
Common Shares — 8,827 shares (Indirect, By Trust)
Footnotes (1)
- Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one of the issuer's common shares. These shares are held by a trust of which Mr. Hayne is a trustee. These shares are held by a trust of which Mr. Hayne is a partial residuary beneficiary. One-third of the total number of PSUs granted are eligible to vest on each of March 11, 2026, March 10, 2027 and March 8, 2028, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2026, 2027 and 2028. One-third of the total number of RSUs granted are eligible to vest on each of March 11, 2026, March 10, 2027 and March 8, 2028, contingent on the continued employment of the reporting person through such date.
FAQ
What transactions did URBN executive Azeez Hayne report on this Form 4?
Azeez Hayne exercised restricted stock units and sold shares. He converted equity awards into common shares, had some shares withheld to cover taxes, and then sold additional common shares in the open market, while still retaining a meaningful direct and indirect ownership stake.
What types of equity awards did Azeez Hayne exercise in URBN stock?
He exercised performance-based and time-based restricted stock units. Performance-based units vest based on operating profit margin performance and continued employment, while restricted stock units vest over scheduled dates, each converting into one common share when conditions are satisfied.
How do the trusts mentioned in the URBN Form 4 relate to Azeez Hayne?
The trusts hold shares associated with Azeez Hayne’s interests. One trust holds shares where he is a trustee, and another holds shares where he is a partial residuary beneficiary, reflecting indirect ownership separate from his directly held common shares.