AEO - Insider Move: Michael Rempell Exercises Options Realizing $448K At American Eagle Outfitters | Benzinga
Highlighted on December 6, it was unveiled in an SEC filing that Rempell, EVP at American Eagle Outfitters (NYSE:AEO), executed a significant transaction involving the exercise of company stock options.
What Happened: Rempell, EVP at American Eagle Outfitters, made a strategic move by exercising stock options for 40,000 shares of AEO as detailed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $448,399.
American Eagle Outfitters shares are trading down 0.6% at $19.83 at the time of this writing on Thursday morning. Since the current price is $19.83, this makes Rempell's 40,000 shares worth $448,399.
Discovering American Eagle Outfitters: A Closer Look
American Eagle Outfitters Inc is an apparel and accessory retailer with company stores in U.S., Canada, Mexico, and Hong Kong. The Company leases all store premises, regional distribution facilities, some of its office space, and certain information technology and office equipment. American Eagle also has an online business that ships worldwide. It operates in two segments: American Eagle and Aerie. The majority of its revenue comes from its primary brand, American Eagle, which offers an assortment of specialty apparel and accessories for women and men. Geographically, it generates the vast majority of its revenue from the United States.
American Eagle Outfitters: Financial Performance Dissected
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