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

Role
Chief Administrative Officer
Signature
/s/ Azeez Hayne
Stock symbol
URBN
Transactions as of
Feb 27, 2023
Transactions value $
-$359,059
Form type
4
Date filed
3/1/2023, 04:07 PM
Previous filing
Nov 15, 2022
Next filing
Apr 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction URBN Common Shares Options Exercise +6.67K 6.67K Feb 27, 2023 Direct F1
transaction URBN Common Shares Tax liability -$59.1K -2.2K -32.98% $26.86 4.47K Feb 27, 2023 Direct
transaction URBN Common Shares Options Exercise +6.67K +149.22% 11.1K Feb 27, 2023 Direct F1
transaction URBN Common Shares Tax liability -$55.4K -2.06K -18.52% $26.86 9.07K Feb 27, 2023 Direct
transaction URBN Common Shares Sale -$245K -9.07K -100% $26.96 0 Feb 28, 2023 Direct F2
holding URBN Common Shares 8.83K Feb 27, 2023 as Trustee

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 -6.67K -50% $0.00 6.67K Feb 27, 2023 Common Shares 6.67K Direct F1, F3
transaction URBN Performance Based Restricted Stock Unit Options Exercise $0 -6.67K -100% $0.00* 0 Feb 27, 2023 Common Shares 6.67K Direct F1, 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 The sales were effected pursuant to the terms of a 10b5-1 trading plan adopted on October 12, 2022.
F3 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.
F4 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.