URBAN OUTFITTERS (URBN) CEO exercises 11,926 units; 5,512 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
URBAN OUTFITTERS INC executive Tricia D. Smith, Global CEO of the Anthropologie Group, reported routine equity compensation activity. On March 11, 2026, she exercised performance-based and time-based restricted stock units, acquiring a total of 11,926 common shares through derivative exercises at a stated price of $0.00 per share. In connection with these vestings, 5,512 common shares were disposed of at $64.93 per share to cover tax liabilities, a non‑market tax-withholding transaction. Following these transactions, she directly owned 33,612 common shares, with no remaining derivative positions listed in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,926 shares exercised/converted
Mixed
6 txns
Insider
Smith Tricia D
Role
Global CEO Anthropologie Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Unit | 5,963 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 5,963 | $0.00 | -- |
| Exercise | Common Shares | 5,963 | $0.00 | -- |
| Tax Withholding | Common Shares | 2,756 | $64.93 | $179K |
| Exercise | Common Shares | 5,963 | $0.00 | -- |
| Tax Withholding | Common Shares | 2,756 | $64.93 | $179K |
Holdings After Transaction:
Performance Based Restricted Stock Unit — 11,928 shares (Direct);
Restricted Stock Unit — 11,928 shares (Direct);
Common Shares — 33,161 shares (Direct)
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. 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 did URBN executive Tricia D. Smith report in this Form 4 filing?
Tricia D. Smith reported equity compensation activity involving restricted stock units. She exercised performance-based and time-based units into 11,926 URBAN OUTFITTERS INC common shares, with a portion of those shares used to satisfy related tax obligations.
Were these URBN transactions open-market buys or sells by Tricia D. Smith?
The transactions were not open-market buys or sells. They reflect exercises or conversions of restricted stock units into common shares and related tax-withholding dispositions, where shares were delivered to cover tax liabilities rather than traded on the open market.
What roles do PSUs and RSUs play in URBN executive compensation here?
Performance-based restricted stock units and time-based restricted stock units provide equity compensation that vests over time. In this filing, both PSU and RSU awards converted into common shares, contingent on continued employment and performance conditions described in the accompanying footnotes.