Jonathan E Ramsden, Abercrombie & Fitch Company's COO & Interim Principal EO, just received 23,202 restricted shares from the company. The restricted shares don't become available to Ramsden until November 30, 2016. Ramsden now owns at least 46,404 restricted shares of the company.
Some additional info was provided as follows:
This award converts to common stock on a 1-for-1 basis.
Mr. Ramsden elected to defer delivery until (i) the date that is six months following the date of his termination of employment for any reason other than his death or (ii) if sooner, the date of his death.
Restricted stock units vest 25% on each of September 30, 2015 and May 31, 2016 and 50% on November 30, 2016. Upon vesting, settlement of the restricted stock units will be deferred,
and the shares of Issuer's Class A Common Stock subject to each vested portion of the restricted stock units will not be issued to Mr. Ramsden until (i) the date that is six months following the date of Mr. Ramsden's termination of employment for any reason other than his death or (ii) if sooner, the date of his death.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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