Jennifer M. Foyle - 16 Jan 2024 Form 4 Insider Report for AMERICAN EAGLE OUTFITTERS INC (AEO)

Signature
Robert J. Tannous, Attorney-in-Fact
Issuer symbol
AEO
Transactions as of
16 Jan 2024
Net transactions value
-$726,600
Form type
4
Filing time
18 Jan 2024, 16:32:00 UTC
Previous filing
31 Oct 2023
Next filing
23 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEO Common Stock, without par value Options Exercise $517,200 +60,000 +26% $8.62 292,459 16 Jan 2024 Direct F1
transaction AEO Common Stock, without par value Sale $1,243,800 -60,000 -21% $20.73 232,459 16 Jan 2024 Direct F1

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 Stock Option - Right to Buy Options Exercise $0 -60,000 -36% $0.000000 106,084 16 Jan 2024 Common Stock, without par value 60,000 $8.62 Direct F1, F2
* 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 The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Ms. Foyle on October 13, 2023.
F2 Option vests 1/3 per year beginning on the first anniversary of the date of grant.