Stephen F. Reitman - Aug 2, 2023 Form 4 Insider Report for Capri Holdings Ltd (CPRI)

Role: Director
Signature: /s/ Krista A. McDonough, as Attorney-in-Fact for Stephen F. Reitman
Stock symbol: CPRI
Transactions as of: Aug 2, 2023
Transactions value $: -$58,284
Form type: 4
Date filed: 8/3/2023, 08:55 PM
Previous filing: Aug 4, 2022
Next filing: Aug 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPRI	Ordinary shares, no par value	Options Exercise		+3.04K	+25.24%		15.1K	Aug 2, 2023	Direct	F1
transaction	CPRI	Ordinary shares, no par value	Tax liability	-$58.3K	-1.62K	-10.75%	$36.00	13.4K	Aug 2, 2023	Direct	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	CPRI	Restricted share units	Options Exercise	$0	-3.04K	-100%	$0.00^*	0	Aug 2, 2023	Ordinary shares, no par value	3.04K	$0.00	Direct	F3, F4
transaction	CPRI	Restricted share units	Award	$0	+4.86K		$0.00	4.86K	Aug 2, 2023	Ordinary shares, no par value	4.86K	$0.00	Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted share units ("RSUs") converted into ordinary shares of the Company on a one-for-one basis upon vesting.
F2	Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
F3	The RSUs do not expire.
F4	Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
F5	Granted pursuant to the Capri Holdings Limited Third Amended and Restated Omnibus Incentive Plan. The RSUs vest on the earliest of: (1) the one year anniversary of the date of grant (August 2, 2024), or (2) the Company's annual shareholder meeting that occurs in the calendar year following the date of grant, and will be settled upon vesting unless the reporting person elects to defer settlement to a later date. If the reporting person's service with the Company terminates prior to the first anniversary of the date of grant, the RSUs will vest pro-rata based on the number of days from the date of grant through and including the date of the reporting person's termination of service. The RSUs will also vest in full in the event of the reporting person's death or disability.