Rust Jay 4

What Happened

• Jay Rust, EVP Human Resources at Abercrombie & Fitch (ANF), had 1,800 restricted stock units (RSUs) convert into 1,800 common shares on 2026-03-11. The filing shows 803 shares were withheld to satisfy tax withholding (disposition) at $87.28 per share, totaling $70,086. The net shares issued to Rust equal 997 shares (1,800 converted − 803 withheld).
• The 1,800 converted shares had an aggregate market value of about $157,104 on the conversion date (1,800 × $87.28); after withholding the net issuance value is about $87,018.

Key Details

• Transaction date: 2026-03-11; Filing date: 2026-03-13 (timely).
• Codes reported: M = exercise/conversion of derivative security (RSU conversion); F = payment of tax liability via share withholding.
• Shares converted: 1,800 RSUs → 1,800 common shares. Shares withheld for taxes: 803 at $87.28/share = $70,086.
• Net shares issued to insider: 997 shares (1,800 − 803).
• Footnotes: F1 — each RSU converts to one share; F2 — RSUs vest one‑third per year beginning on the first anniversary of the grant.
• Shares owned after the transaction: not specified in the provided report.

Context

• This was a routine RSU vesting event with shares withheld to cover tax obligations (a common, non-market sale). The filing shows conversion of derivative awards rather than an open‑market sale or a cash purchase; the withholding is not a directional trade signal.