JOHN D. IDOL - 14 Jun 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
Issuer symbol
CPRI
Transactions as of
14 Jun 2023
Transactions value $
-$3,407,286
Form type
4
Filing time
16 Jun 2023, 15:33:30 UTC
Previous filing
17 Mar 2023
Next filing
22 Jun 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 $723,409 +14,503 +1.5% $49.88 982,048 14 Jun 2023 Direct F1, F2
transaction CPRI Ordinary shares, no par value Options Exercise $0 +112,194 +11% $0 1,094,242 15 Jun 2023 Direct F2, F3
transaction CPRI Ordinary shares, no par value Tax liability -$2,011,807 -54,639 -5% $36.82 1,039,603 15 Jun 2023 Direct F2, F4
transaction CPRI Ordinary shares, no par value Options Exercise $0 +49,309 +4.7% $0 1,088,912 15 Jun 2023 Direct F2, F3
transaction CPRI Ordinary shares, no par value Tax liability -$884,195 -24,014 -2.2% $36.82 1,064,898 15 Jun 2023 Direct F2, F4
transaction CPRI Ordinary shares, no par value Options Exercise $0 +28,513 +2.7% $0 1,093,411 15 Jun 2023 Direct F2, F3
transaction CPRI Ordinary shares, no par value Tax liability -$511,282 -13,886 -1.3% $36.82 1,079,525 15 Jun 2023 Direct F2, F4
holding CPRI Ordinary shares, no par value 1,000,000 14 Jun 2023 Held by John D. Idol 2023 GRAT
holding CPRI Ordinary shares, no par value 149,700 14 Jun 2023 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 149,700 14 Jun 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 Employee share option (right to buy) Options Exercise -$723,409 -14,503 -100% $49.88 0 14 Jun 2023 Ordinary shares, no par value 14,503 $49.88 Direct F5
transaction CPRI Restricted share units Options Exercise $0 -112,194 -100% $0* 0 15 Jun 2023 Ordinary shares, no par value 112,194 $0 Direct F6, F7, F8
transaction CPRI Restricted share units Options Exercise $0 -49,309 -50% $0 49,308 15 Jun 2023 Ordinary shares, no par value 49,309 $0 Direct F7, F8, F9
transaction CPRI Restricted share units Options Exercise $0 -28,513 -33% $0 57,026 15 Jun 2023 Ordinary shares, no par value 28,513 $0 Direct F7, F8, F10
transaction CPRI Restricted share units Award $0 +115,426 $0 115,426 15 Jun 2023 Ordinary shares, no par value 115,426 $0 Direct F7, F8, F11
holding CPRI Restricted share units 26,419 14 Jun 2023 Ordinary shares, no par value 26,419 $0 Direct F7, F8, F12
holding CPRI Employee share option (right to buy) 61,249 14 Jun 2023 Ordinary shares, no par value 61,249 $67.52 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of share options that would otherwise expire on June 15, 2023.
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 settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.
F4 Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
F5 Immediately exercisable.
F6 Granted on June 15, 2020 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, 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.
F7 The RSUs do not expire.
F8 Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
F9 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.
F10 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.
F11 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.
F12 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.