JOHN D. IDOL - 19 Dec 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
Issuer symbol
CPRI
Transactions as of
19 Dec 2022
Transactions value $
-$863,568
Form type
4
Filing time
20 Dec 2022, 16:28:48 UTC
Previous filing
13 Dec 2022
Next filing
17 Mar 2023
SEC
View on sec.gov

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 +15,490 +0.9% $0 1,743,035 19 Dec 2022 Direct F1
transaction CPRI Ordinary shares, no par value Tax liability -$863,567 -15,490 -0.89% $55.75 1,727,545 19 Dec 2022 Direct F2, F3
holding CPRI Ordinary shares, no par value 149,700 19 Dec 2022 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 149,700 19 Dec 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 -1,268 -4.58% $0 26,419 19 Dec 2022 Ordinary shares, no par value 1,268 $0 Direct F1, F4, F5, F6
transaction CPRI Restricted share units Options Exercise $0 -5,384 -4.58% $0 112,194 19 Dec 2022 Ordinary shares, no par value 5,384 $0 Direct F1, F5, F6, F7
transaction CPRI Restricted share units Options Exercise $0 -4,733 -4.58% $0 98,617 19 Dec 2022 Ordinary shares, no par value 4,733 $0 Direct F1, F5, F6, F8
transaction CPRI Restricted share units Options Exercise $0 -4,105 -4.58% $0 85,539 19 Dec 2022 Ordinary shares, no par value 4,105 $0 Direct F1, F5, F6, F9
holding CPRI Employee share option (right to buy) 61,249 19 Dec 2022 Ordinary shares, no par value 61,249 $67.52 Direct F10
holding CPRI Employee share option (right to buy) 14,503 19 Dec 2022 Ordinary shares, no par value 14,503 $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.