Michael R. Rempell - 30 Mar 2023 Form 4 Insider Report for AMERICAN EAGLE OUTFITTERS INC (AEO)

Role
EVP, Chief Operations Officer
Signature
Robert J. Tannous, Attorney-in-Fact
Issuer symbol
AEO
Transactions as of
30 Mar 2023
Net transactions value
-$155,946
Form type
4
Filing time
03 Apr 2023, 17:12:04 UTC
Previous filing
28 Mar 2023
Next filing
10 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEO Common Stock, without par value Options Exercise $0 +11,771 +6.8% $0.000000 183,774 30 Mar 2023 Direct F1
transaction AEO Common Stock, without par value Tax liability $79,152 -6,010 -3.3% $13.17 177,764 30 Mar 2023 Direct F1
transaction AEO Common Stock, without par value Sale $76,794 -5,761 -3.2% $13.33 172,003 31 Mar 2023 Direct F1, F2

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 AEO Dividend Equivalent Rights Options Exercise $0 -170 -16% $0.000000 867 30 Mar 2023 Common Stock, without par value 170 Direct F3
transaction AEO Restricted Stock Unit Options Exercise $0 -11,601 -33% $0.000000 23,202 30 Mar 2023 Common Stock, without par value 11,601 Direct F4, F5
transaction AEO Restricted Stock Unit Award $0 +49,355 $0.000000 49,355 30 Mar 2023 Common Stock, without par value 49,355 Direct F4, F5
transaction AEO Stock Option - Right to Buy Award $0 +183,616 $0.000000 183,616 30 Mar 2023 Common Stock, without par value 183,616 $13.17 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Total includes shares acquired pursuant to the American Eagle Outfitters, Inc. Employee Stock Purchase Plan.
F2 Sales were made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Rempell on December 9, 2022.
F3 The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of American Eagle Outfitters common stock.
F4 Each restricted stock unit represents a contingent right to receive one share of American Eagle Outfitters common stock.
F5 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the date of grant.
F6 Option vests 1/3 per year beginning on the first anniversary of the date of grant.