Frank Conforti - Feb 27, 2023 Form 4 Insider Report for URBAN OUTFITTERS INC (URBN)

Role
Co-President & COO
Signature
/s/ Frank Conforti
Stock symbol
URBN
Transactions as of
Feb 27, 2023
Transactions value $
-$222,025
Form type
4
Date filed
3/1/2023, 04:05 PM
Previous filing
Mar 16, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction URBN Common Shares Options Exercise +13.3K +51.36% 39.3K Feb 27, 2023 Direct F1
transaction URBN Common Shares Tax liability -$111K -4.12K -10.49% $26.86 35.2K Feb 27, 2023 Direct
transaction URBN Common Shares Options Exercise +13.3K +37.91% 48.5K Feb 27, 2023 Direct F1
transaction URBN Common Shares Tax liability -$111K -4.14K -8.54% $26.86 44.4K Feb 27, 2023 Direct
holding URBN Common Shares 484 Feb 27, 2023 By Profit Sharing Fund (401(k) Plan)

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 -13.3K -50% $0.00 13.3K Feb 27, 2023 Common Shares 13.3K Direct F1, F2
transaction URBN Performance Based Restricted Stock Unit Options Exercise $0 -13.3K -100% $0.00* 0 Feb 27, 2023 Common Shares 13.3K Direct F1, F3
* 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 One-third of the total number of PSUs are eligible to vest on each of February 25, 2022, 2023 and 2024, 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 2021, 2022, 2023 and 2024.
F3 One-third of the total number of PSUs are eligible to vest on each of February 26, 2021, 2022 and 2023, 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 2020, 2021, 2022 and 2023.