Rust Jay 4

What Happened

• Jay Rust, Executive Vice President, Human Resources at Abercrombie & Fitch Co. (ANF), had 1,037 restricted stock units convert to common shares on March 12, 2026 (reported on Form 4 filed March 16, 2026). The conversion is coded as an exercise/conversion of a derivative (code M) and shows an acquisition @ $0.00 per share.
• To satisfy tax withholding, 463 of those shares were withheld (code F) at an indicated per-share value of $84.08, totaling approximately $38,929. After withholding, Rust effectively received 574 net shares. This was a vesting/conversion event (award settlement), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (timely within required business-day window).
• Conversion: 1,037 RSUs → 1,037 shares (code M) @ $0.00.
• Tax withholding: 463 shares withheld (code F) @ $84.08 ≈ $38,929.
• Net shares delivered to insider: 574 shares (1,037 − 463).
• Footnotes: F1 — each restricted stock unit = contingent right to one share; F2 — RSUs vest one‑third per year beginning on the first anniversary of grant.
• Shares owned after the transaction are not specified in the filing.

Context

• This was a routine RSU vesting and tax-withholding event (common for employee equity awards). The withholding is a settlement method to cover taxes and does not represent an open-market sale. Transaction codes: M = option/derivative exercise or conversion; F = payment of exercise price or tax liability.