---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-058000"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:16:25.642255+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Capri accelerates RSU vesting, prepays $2M to chief people officer ahead of Tapestry merger

## Summary
- Jenna Hendricks (SVP, CPO) gets 20,333 RSUs accelerated to Dec 22, 2023; originally vesting June 2024.
- Company prepays $500K special bonus and $1.5M severance; subject to clawback if merger fails or covered termination.
- Repayment required if merger terminated or Hendricks leaves for cause/good reason before closing; amounts reduce if severance due under employment agreement.
- After closing, prepaid severance lapses; Hendricks eligible for remaining CIC benefits upon qualifying termination.

## SEC filing metadata
- accession: 0001140361-23-058000
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530721/000114036123058000/0001140361-23-058000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000114036123058000/ef20016776_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-058000
- JSON: https://secwatch.observer/filing/0001140361-23-058000.json
- Plain text: https://secwatch.observer/filing/0001140361-23-058000.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.