Urban Outfitters (URBN) chief gifts shares while retaining large stake
Rhea-AI Filing Summary
URBAN OUTFITTERS INC CEO and chairman Richard A. Hayne reported a Form 4 showing a bona fide gift of 15,500 Common Shares of the company. The shares were transferred at a reported price of $0.00 per share, reflecting a non-market, no‑consideration disposition.
Following the gift, Hayne still directly holds 17,433,885 Common Shares, and additional blocks of shares are held indirectly through his spouse, family trusts, a foundation, and profit sharing plans. Footnotes state that he disclaims beneficial ownership of certain indirect holdings except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,500 shares
Net Sell
7 txns
Insider
HAYNE RICHARD A
Role
CEO & Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Shares | 15,500 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 17,433,885 shares (Direct);
Common Shares — 23,480 shares (Indirect, By Profit Sharing Fund (401(k) Plan));
Common Shares — 185,573 shares (Indirect, By Trust);
Common Shares — 35,140 shares (Indirect, By Hayne Foundation);
Common Shares — 1,208,409 shares (Indirect, By Spouse);
Common Shares — 11,300 shares (Indirect, By Spouse through Profit Sharing Fund (401(k) Plan));
Common Shares — 4,531,127 shares (Indirect, By Spouse as Trustee)
Footnotes (4)
- F1. These shares are owned indirectly by Richard A. Hayne and indirectly by his spouse, Margaret Hayne. Richard A. Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- F2. These shares are held by two trusts of which members of Richard A. Hayne's immediate family are among the beneficiaries. Mr. Hayne serves as trustee of each trust and disclaims beneficial ownership of the issuer's common shares held by the trusts, except to the extent of his pecuniary interest therein.
- F3. These shares are owned indirectly by Richard A. Hayne and directly by his spouse, Margaret Hayne. Richard A. Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- F4. These shares are owned by four trusts, of which members of Margaret Hayne's immediate family are among the beneficiaries.
Key Figures
Gifted shares: 15,500 shares
Gift price: $0.00 per share
Direct holdings after transaction: 17,433,885 shares
+5 more
8 metrics
Gifted shares
15,500 shares
Bona fide gift of common shares
Gift price
$0.00 per share
Reported transfer price for gifted shares
Direct holdings after transaction
17,433,885 shares
Common shares held directly following gift
Spouse as trustee holdings
4,531,127 shares
Indirectly owned via spouse as trustee
Spouse direct holdings
1,208,409 shares
Indirectly owned, shares held by spouse
Trust holdings
185,573 shares
Indirectly owned via trust
Spouse 401(k) holdings
11,300 shares
Indirectly owned via spouse’s profit sharing fund
Hayne Foundation holdings
35,140 shares
Indirectly owned via Hayne Foundation
Key Terms
bona fide gift, indirectly by his spouse, profit sharing fund (401(k) Plan), pecuniary interest, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirectly by his spouse financial
"These shares are owned indirectly by Richard A. Hayne and indirectly by his spouse"
profit sharing fund (401(k) Plan) financial
"By Spouse through Profit Sharing Fund (401(k) Plan)"
pecuniary interest financial
"disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein"
disclaims beneficial ownership financial
"disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did URBN CEO Richard Hayne report on this Form 4?
Richard Hayne reported a bona fide gift of 15,500 URBAN OUTFITTERS INC common shares. The transfer was recorded at $0.00 per share, meaning no sale proceeds were received and the transaction does not represent an open-market trade in URBN stock.
Does the URBN Form 4 show any stock option exercises or derivative activity?
The Form 4 data shows no derivative transactions or option exercises for URBAN OUTFITTERS INC in this filing. All reported entries relate to common share holdings and a single bona fide gift of 15,500 shares, with derivative positions reported as an empty summary.