Michael Kors Holdings Limited's Chairman & CEO just cashed-in 543,383 options

John D Idol, Michael Kors Holdings Limited's Chairman & CEO and a director of the company, recently cashed-in 543,383 options. The options were exercised at $0.00, while the disposals took place at $0.00 per share, on December 07, 2021. Idol continues to hold 2,689,285 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Idol operates out of London, X0. Some additional info was provided as follows:


The shares were transfered from a grantor retained annuity trust ("GRAT") in which the reporting person has an indirect pecuniary interest to the reporting person as an annuity payment in accordance with the terms of the GRAT.
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.
Granted on June 17, 2019 pursuant to the Capri Holdings Limited Second Amended and Restated Incentive Plan (the "Incentive Plan"). The securities underlying the total number of RSUs originally granted will 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 is retirement eligible.
The RSUs do not expire.
Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
Granted on June 15, 2020 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted will 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 is retirement eligible.
Granted on June 15, 2021 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted will 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 is retirement eligible.
Immediately exercisable.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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