Stephen F Reitman, a director of Michael Kors Holdings Limited, recently disposed of 10,000 shares of the company. The disposals took place at $56.23 per share, on August 31, 2021. Reitman still owns 10,612 shares of the company. Reitman operates out of London, X0. Some additional info was provided as follows:
The sale price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $56.03 to $56.44. Upon request of the staff of the SEC, the Company or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.
Granted pursuant to the Capri Holdings Limited Second Amended and Restated Omnibus Incentive Plan. The RSUs vest on the earliest of: (1) the one year anniversary of the date of grant (July 28, 2022), or (2) the Company's annual shareholder meeting that occurs in the calendar year following the date of grant, and will be settled upon vesting unless the reporting person elects to defer settlement to a later date. If the reporting person's service with the Company terminates prior to the first anniversary of the date of grant, the RSUs will vest pro-rata based on the number of days from the date of grant through and including the date of the reporting person's termination of service. The RSUs will also vest in full in the event of the reporting person's death or disability.
The RSUs do not expire.
Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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