Cedric Wilmotte - Jun 17, 2024 Form 4 Insider Report for Capri Holdings Ltd (CPRI)

Role
CEO - Michael Kors
Signature
/s/ Krista A. McDonough, as Attorney-In-Fact for Cedric Wilmotte
Stock symbol
CPRI
Transactions as of
Jun 17, 2024
Transactions value $
-$560,736
Form type
4
Date filed
6/20/2024, 09:31 AM
Previous filing
Jun 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 +31.7K +166.24% $0.00 50.7K Jun 17, 2024 Direct F1
transaction CPRI Ordinary shares, no par value Tax liability -$561K -17.5K -34.53% $32.00 33.2K Jun 17, 2024 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 -31.7K -33.33% $0.00 63.4K Jun 17, 2024 Ordinary shares, no par value 31.7K $0.00 Direct F1, F3, F4, F5
transaction CPRI Restricted share units Award $0 +78.1K $0.00 78.1K Jun 17, 2024 Ordinary shares, no par value 78.1K $0.00 Direct F4, F5, F6
* 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 Granted on June 15, 2023 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, 2024, 2025, and 2026, 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.
F4 The RSUs do not expire.
F5 Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
F6 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.