Tricia D. Smith - 08 Mar 2024 Form 4 Insider Report for URBAN OUTFITTERS INC (URBN)

Signature
/s/ Tricia D. Smith
Issuer symbol
URBN
Transactions as of
08 Mar 2024
Net transactions value
-$237,696
Form type
4
Filing time
12 Mar 2024, 17:06:49 UTC
Previous filing
03 Oct 2023
Next filing
13 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction URBN Common Shares Options Exercise +9,166 9,166 08 Mar 2024 Direct F1
transaction URBN Common Shares Tax liability $118,744 -2,862 -31% $41.49 6,304 08 Mar 2024 Direct
transaction URBN Common Shares Options Exercise +9,166 +145% 15,470 08 Mar 2024 Direct F2
transaction URBN Common Shares Tax liability $118,952 -2,867 -19% $41.49 12,603 08 Mar 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction URBN Performance Based Restricted Stock Unit Options Exercise $0 -9,166 -33% $0.000000 18,334 08 Mar 2024 Common Shares 9,166 Direct F1, F3
transaction URBN Restricted Stock Unit Options Exercise $0 -9,166 -33% $0.000000 18,334 08 Mar 2024 Common Shares 9,166 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one of the issuer's common shares.
F3 One-third of the total number of PSUs granted are eligible to vest on each of March 8, 2024, 2025 and 2026, 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 2024, 2025 and 2026.
F4 One-third of the total number of RSUs granted are eligible to vest on each of March 8, 2024, 2025 and 2026, contingent on the continued employment of the reporting person through such date.