John D. Idol - Dec 19, 2022 Form 4 Insider Report for Capri Holdings Ltd (CPRI)

Role
Chairman & CEO, Director
Signature
/s/ Krista A. McDonough, as Attorney-in-Fact for John D. Idol
Stock symbol
CPRI
Transactions as of
Dec 19, 2022
Transactions value $
-$863,568
Form type
4
Date filed
12/20/2022, 04:28 PM
Previous filing
Dec 13, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPRI Ordinary shares, no par value Options Exercise $0 +15.5K +0.9% $0.00 1.74M Dec 19, 2022 Direct F1
transaction CPRI Ordinary shares, no par value Tax liability -$864K -15.5K -0.89% $55.75 1.73M Dec 19, 2022 Direct F2, F3
holding CPRI Ordinary shares, no par value 150K Dec 19, 2022 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 150K Dec 19, 2022 Held by John D. Idol 2013 GRAT #2

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 CPRI Restricted share units Options Exercise $0 -1.27K -4.58% $0.00 26.4K Dec 19, 2022 Ordinary shares, no par value 1.27K $0.00 Direct F1, F4, F5, F6
transaction CPRI Restricted share units Options Exercise $0 -5.38K -4.58% $0.00 112K Dec 19, 2022 Ordinary shares, no par value 5.38K $0.00 Direct F1, F5, F6, F7
transaction CPRI Restricted share units Options Exercise $0 -4.73K -4.58% $0.00 98.6K Dec 19, 2022 Ordinary shares, no par value 4.73K $0.00 Direct F1, F5, F6, F8
transaction CPRI Restricted share units Options Exercise $0 -4.11K -4.58% $0.00 85.5K Dec 19, 2022 Ordinary shares, no par value 4.11K $0.00 Direct F1, F5, F6, F9
holding CPRI Employee share option (right to buy) 61.2K Dec 19, 2022 Ordinary shares, no par value 61.2K $67.52 Direct F10
holding CPRI Employee share option (right to buy) 14.5K Dec 19, 2022 Ordinary shares, no par value 14.5K $49.88 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of restricted share units ("RSUs") into ordinary shares, no par value, on a one-for-one basis to satisfy FICA and other tax withholding obligations due to the reporting person being retirement eligible within the meaning of the Capri Holdings Limited Third Amended and Restated Incentive Plan (the "Incentive Plan").
F2 Represents shares withheld by the Company to cover FICA and other tax withholding obligations of the reporting person due to the reporting person being retirement eligible within the meaning of the Incentive Plan.
F3 This amount excludes 54,600 ordinary shares, no par value, held by the Idol Family Foundation. The reporting person may be deemed to have beneficial ownership of the shares held by the Idol Family Foundation but does not have a pecuinary interest in such shares.
F4 Granted on June 17, 2019 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 25% each year on June 15, 2020, 2021, 2022, and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F5 The RSUs do not expire.
F6 Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
F7 Granted on June 15, 2020 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 15, 2021, 2022, and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F8 Granted on June 15, 2021 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 15, 2022, 2023, and 2024, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F9 Granted on June 15, 2022 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 15, 2023, 2024, and 2025, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F10 Immediately exercisable.