John D. Idol - Jun 17, 2024 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 17, 2024
Transactions value $
-$1,641,888
Form type
4
Date filed
6/20/2024, 09:30 AM
Previous 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 +49.3K +4.51% $0.00 1.14M Jun 17, 2024 Direct F1, F3
transaction CPRI Ordinary shares, no par value Tax liability -$768K -24K -2.1% $32.00 1.12M Jun 17, 2024 Direct F2, F3
transaction CPRI Ordinary shares, no par value Options Exercise $0 +28.5K +2.55% $0.00 1.15M Jun 17, 2024 Direct F1, F3
transaction CPRI Ordinary shares, no par value Tax liability -$444K -13.9K -1.21% $32.00 1.13M Jun 17, 2024 Direct F2, F3
transaction CPRI Ordinary shares, no par value Options Exercise $0 +27.5K +2.43% $0.00 1.16M Jun 17, 2024 Direct F1, F3
transaction CPRI Ordinary shares, no par value Tax liability -$429K -13.4K -1.16% $32.00 1.15M Jun 17, 2024 Direct F2, F3
holding CPRI Ordinary shares, no par value 150K Jun 17, 2024 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 1M Jun 17, 2024 Held by John D. Idol 2023 GRAT
holding CPRI Ordinary shares, no par value 150K Jun 17, 2024 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 -49.3K -100% $0.00* 0 Jun 17, 2024 Ordinary shares, no par value 49.3K $0.00 Direct F1, F4, F5, F6
transaction CPRI Restricted share units Options Exercise $0 -28.5K -50% $0.00 28.5K Jun 17, 2024 Ordinary shares, no par value 28.5K $0.00 Direct F1, F5, F6, F7
transaction CPRI Restricted share units Options Exercise $0 -27.5K -25% $0.00 82.6K Jun 17, 2024 Ordinary shares, no par value 27.5K $0.00 Direct F1, F5, F6, F8
transaction CPRI Restricted share units Award $0 +219K $0.00 219K Jun 17, 2024 Ordinary shares, no par value 219K $0.00 Direct F5, F6, F9
holding CPRI Employee share option (right to buy) 61.2K Jun 17, 2024 Ordinary shares, no par value 61.2K $67.52 Direct F10
* 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 Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
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 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.
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, 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.
F8 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.
F9 Granted on June 17, 2024 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 25% each year on June 17, 2025, 2026, 2027 and 2028, 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.