John D. Idol - Jun 20, 2023 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
Jun 20, 2023
Transactions value $
-$468,101
Form type
4
Date filed
6/22/2023, 03:26 PM
Previous filing
Jun 16, 2023
Next filing
Dec 20, 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 +26.4K +2.45% $0.00 1.11M Jun 20, 2023 Direct F1, F2
transaction CPRI Ordinary shares, no par value Tax liability -$468K -12.9K -1.16% $36.38 1.09M Jun 20, 2023 Direct F2, F3
holding CPRI Ordinary shares, no par value 1M Jun 20, 2023 Held by John D. Idol 2023 GRAT
holding CPRI Ordinary shares, no par value 150K Jun 20, 2023 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 150K Jun 20, 2023 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 -26.4K -100% $0.00* 0 Jun 20, 2023 Ordinary shares, no par value 26.4K $0.00 Direct F4, F5, F6
holding CPRI Restricted share units 49.3K Jun 20, 2023 Ordinary shares, no par value 49.3K $0.00 Direct F5, F6, F7
holding CPRI Restricted share units 57K Jun 20, 2023 Ordinary shares, no par value 57K $0.00 Direct F5, F6, F8
holding CPRI Restricted share units 115K Jun 20, 2023 Ordinary shares, no par value 115K $0.00 Direct F5, F6, F9
holding CPRI Employee share option (right to buy) 61.2K Jun 20, 2023 Ordinary shares, no par value 61.2K $67.52 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.
F2 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.
F3 Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
F4 Immediately exercisable.
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, 2021 pursuant to the Capri Holdings Limited Third Amended and Restated Incentive Plan (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.
F8 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.
F9 Granted on June 15, 2023 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 25% each year on June 15, 2024, 2025, 2026 and 2027, 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.