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AEOAmerican Eagle Outfitters Inc · Insider ownership research

American Eagle Outfitters Inc insiders sold $39.2M in the past 12 months. How much of their stake is that?

0.3% was sold under disclosed trading plans, 99.7% with no plan disclosed. The largest seller, Jay Schottenstein (Exec Chairman & CEO, Director), sold $26.8M. 26% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$39.1M
sold with no plan disclosed, past 12 months
0.3%
of sales were under disclosed trading plans, past 12 months
8 of 13
officers and directors sold shares, past 12 months
Is this normal? More than usual: about 2.9x the 5-year average. 8 insiders sold; the average is 5 a year. Year by year
Latest filing: Filed Oct 7 for a sale on Oct 6. Cary McMillan sold 3.6K shares ($66K) with no plan disclosed. Filing
SEC ownership filings: 109 filed in the 12 months to Oct 16, 2026; 2,455 on record since Mar 6, 2003 · See the evidence

What stands out

Four officers sold $38.6M with no disclosed plan: Jay Schottenstein ($26.8M), Jennifer Foyle ($5.9M) and Michael Mathias ($4.5M), plus 1 more. The filings don't state a reason.Jay Schottenstein: largest such sale, Jan 21, 2026 · Jennifer Foyle: largest such sale, Dec 5, 2025 · Michael Mathias: largest such sale, Dec 5, 2025

A share of stake is shown for 0 of the 8 officers and directors who sold. 13 are left out

i
Left out: Jay Schottenstein, Jennifer Foyle, Michael Mathias, Janice Page, David Sable, Marisa Baldwin, James Keefer Jr., Beth Henke, Cary McMillan, Noel Spiegel, Sujatha Chandrasekaran, Deborah Henretta and Ravi Thanawala (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Jay Schottenstein
Exec Chairman & CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$26.8MNo plan disclosed
Jennifer Foyle
Global Brand President-aerie
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$5.9MNo plan disclosed
Michael Mathias
EVP and CFO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$4.5MNo plan disclosed
Marisa Baldwin
EVP - CHRO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.4MNo plan disclosed
Cary McMillan
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$214KNo plan disclosed
All 8 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDec 2025: $11.9M no plan disclosedDecJan 2026: $26.9M no plan disclosed$26.9MJanFebMarApr 2026: $100K no plan disclosedAprMayJunJul 2026: $100K under a disclosed planJul 2026: $97K no plan disclosedJulAugSepOct 2026: $130K no plan disclosedOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026
Oct 6, 2026Cary McMillan sold 3.6K shares ($66K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Cary McMillan
Director
3,617$18.20n/an/aOct 6, 2026Oct 7, 2026
Oct 2, 2026Noel Spiegel sold 3.6K shares ($64K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Noel Spiegel
Director
3,617$17.68n/an/aOct 2, 2026Oct 5, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the American Eagle Outfitters Inc CEO selling stock?

Yes. Jay Schottenstein sold 1.05M shares ($26.8M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are American Eagle Outfitters Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0.3% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 99.7% had no disclosed plan. A trading plan schedules sales in advance.

Are any American Eagle Outfitters Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold8 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Jay Schottenstein
Exec Chairman & CEO, Director
$26.8M
1.05M shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Jennifer Foyle
Global Brand President-aerie
$5.9M
243K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Michael Mathias
EVP and CFO
$4.5M
187K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Marisa Baldwin
EVP - CHRO
$1.4M
61K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Cary McMillan
Director
$214K
11K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Noel Spiegel
Director
$211K
11K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
James Keefer Jr.
SVP, Controller & CAO
$135K
5.7K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
David Sable
Director
$100K
5.8K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Jay Schottenstein
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jay Schottenstein are complete.
Exec Chairman & CEO, Director
n/a−1.05Mn/an/a
Vesting, gifts, unvested awards and holding lines for Jay Schottenstein

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jay Schottenstein are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−201Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
268,615$24.37Apr 4, 2031$0
673,759$12.65Apr 2, 2032$3.7M
467,325$16.52Mar 25, 2033$785K

Estimate: options held × ($18.20 − strike price), using the most recent insider trade price on Form 4 (Oct 6, 2026), not a market close.

Jennifer Foyle
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jennifer Foyle are complete.
Global Brand President-aerie
n/a−243Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jennifer Foyle

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jennifer Foyle are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−140Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
138,266$24.37Apr 4, 2031$0
346,809$12.65Apr 2, 2032$1.9M
239,362$16.52Mar 25, 2033$402K

Estimate: options held × ($18.20 − strike price), using the most recent insider trade price on Form 4 (Oct 6, 2026), not a market close.

Michael Mathias
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Mathias are complete.
EVP and CFO
n/a−187Kn/an/a
Vesting, gifts, unvested awards and holding lines for Michael Mathias

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Mathias are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−38Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
30,132$13.17Mar 30, 2030$152K
52,875$24.37Apr 4, 2031$0
132,624$12.65Apr 2, 2032$736K
91,185$16.52Mar 25, 2033$153K

Estimate: options held × ($18.20 − strike price), using the most recent insider trade price on Form 4 (Oct 6, 2026), not a market close.

Janice Page
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Janice Page are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Janice Page

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Janice Page are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
David Sable
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Sable are complete.
Director
n/a−5.8Kn/an/a
Vesting, gifts, unvested awards and holding lines for David Sable

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Sable are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Marisa Baldwin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Marisa Baldwin are complete.
EVP - CHRO
n/a−61Kn/an/a
Vesting, gifts, unvested awards and holding lines for Marisa Baldwin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Marisa Baldwin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−19Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
14,125$13.17Mar 30, 2030$71K
27,851$24.37Apr 4, 2031$0
69,858$12.65Apr 2, 2032$388K
52,432$16.52Mar 25, 2033$88K

Estimate: options held × ($18.20 − strike price), using the most recent insider trade price on Form 4 (Oct 6, 2026), not a market close.

James Keefer Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Keefer Jr. are complete.
SVP, Controller & CAO
n/a−5.7Kn/an/a
Vesting, gifts, unvested awards and holding lines for James Keefer Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Keefer Jr. are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−7.4Kwithheld by the company for taxes
Beth Henke
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Beth Henke are complete.
EVP & Chief Legal Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Beth Henke

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Beth Henke are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−8.4Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
27,190$9.91Jul 7, 2032$225K
31,915$16.52Mar 25, 2033$54K

Estimate: options held × ($18.20 − strike price), using the most recent insider trade price on Form 4 (Oct 6, 2026), not a market close.

Cary McMillan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Cary McMillan are complete.
Director
n/a−11Kn/an/a
Vesting, gifts, unvested awards and holding lines for Cary McMillan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Cary McMillan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Noel Spiegel
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Noel Spiegel are complete.
Director
n/a−11Kn/an/a
Vesting, gifts, unvested awards and holding lines for Noel Spiegel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Noel Spiegel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Sujatha Chandrasekaran
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sujatha Chandrasekaran are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Sujatha Chandrasekaran

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sujatha Chandrasekaran are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Deborah Henretta
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Deborah Henretta are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Deborah Henretta

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Deborah Henretta are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ravi Thanawala
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ravi Thanawala are complete.
EVP and CFO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Ravi Thanawala

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ravi Thanawala are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
105,485$17.87Aug 3, 2033$35K

Estimate: options held × ($18.20 − strike price), using the most recent insider trade price on Form 4 (Oct 6, 2026), not a market close.

Holdings and share of stake for American Eagle Outfitters Inc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$39.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $39.2M across 1,573,630 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($39.1M), including tax-related sales outside a plan.

No plan disclosed · $39.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $26.8M of it is Jay Schottenstein. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Jay Schottenstein, Jan 21, 2026

Taxes

414,038 shares ($8.8M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Jay Schottenstein
Exec Chairman & CEO, Director
1.05M$26.8M0%68%Jan 20, 2026 to Jan 22, 2026
Jennifer Foyle
Global Brand President-aerie
243K$5.9M0%15%Dec 5, 2025 to Dec 5, 2025
Michael Mathias
EVP and CFO
187K$4.5M0%11%Dec 5, 2025 to Dec 5, 2025
Marisa Baldwin
EVP - CHRO
61K$1.4M0%4%Dec 8, 2025 to Dec 8, 2025
Cary McMillan
Director
11K$214K0%0.5%Jan 14, 2026 to Oct 6, 2026
Noel Spiegel
Director
11K$211K0%0.5%Jan 21, 2026 to Oct 2, 2026
James Keefer Jr.
SVP, Controller & CAO
5.7K$135K0%0.3%Dec 9, 2025 to Dec 9, 2025
David Sable
Director
5.8K$100K100%0.3%Jul 17, 2026 to Jul 17, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$11.9M$0$0$11.9M
Jan 2026$26.9M$0$0$26.9M
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$100K$0$0$100K
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$197K$100K$0$97K
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$130K$0$0$130K
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 2.9x the 5-year average. 8 insiders sold; the average is 5 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
1.57M8$39.2M
Oct 16, 2025
1 year earlier
195K7$3.6M
Oct 16, 2024
2 years earlier
1.29M6$26.2M
Oct 17, 2023
3 years earlier
174K2$2.8M
Oct 17, 2022
4 years earlier
139K3$3.3M
Oct 17, 2021
5 years earlier
910K9$28.5M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for American Eagle Outfitters Inc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,455 filings on record, 109 filed in the 12-month period, and how we read them

All 2,455 Forms 3, 4 and 5 on record for American Eagle Outfitters Inc (SEC CIK 919012), filed from Mar 6, 2003 to Oct 7, 2026; 109 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages. 19 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Mar 8, 2005 (split date stated in a footnote). Splits aren't reported as transactions; 20 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 3-for-2 stock split on or before Dec 18, 2006 (split date stated in a footnote). Splits aren't reported as transactions; 25 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (47)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Stephanie PuglieseJan 28, 2025No balance on record
Michael RempellDec 12, 2023172,186 shares, last reported balance as of Dec 8, 2023
Andrew McLeanJul 26, 202256,457 shares, last reported balance as of Jun 6, 2022
Steven DavisJul 6, 202213,400 shares, last reported balance as of Mar 8, 2022
Stacy SiegalJun 8, 202230,628 shares, last reported balance as of Jun 6, 2022
Thomas KettelerOct 26, 20211,064 shares, last reported balance as of Apr 20, 2021
Charles KesslerApr 23, 202156,709 shares, last reported balance as of Apr 21, 2021
Robert MadoreMar 5, 202020,172 shares, last reported balance as of Mar 3, 2020
Scott HurdOct 24, 201735,673 shares, last reported balance as of Oct 3, 2017
Peter HorvathJul 25, 20173,310 shares, last reported balance as of May 9, 2017
Michael JesselsonApr 25, 2017397,864 shares, last reported balance as of Oct 1, 2016
Mary BolandMar 11, 201639,142 shares, last reported balance as of Mar 4, 2016
Roger MarkfieldJan 5, 2016810,292 shares, last reported balance as of May 13, 2015
Simon NankervisJul 22, 201521,285 shares, last reported balance as of Mar 5, 2015
Frederick GroverApr 18, 201474,279 shares, last reported balance as of Mar 5, 2014
Dennis ParodiApr 18, 201439,904 shares, last reported balance as of Mar 5, 2014
Kitty YungApr 18, 20144,822 shares, last reported balance as of Mar 5, 2014
Robert HansonJan 2, 201494,162 shares, last reported balance as of Mar 5, 2013
Gerald WedrenApr 3, 201332,958 shares, last reported balance as of Apr 1, 2013
Sherry HarrisMar 7, 2013No balance on record
Joan HilsonApr 11, 201279,927 shares, last reported balance as of Mar 2, 2012
Thomas DiDonatoApr 3, 201214,707 shares, last reported balance as of Mar 30, 2012
Donnell OJan 10, 20121,969,052 shares, last reported balance as of Mar 2, 2011
Thomas PresbyJan 4, 201122,966 shares, last reported balance as of Jan 1, 2011
Alan KaneJan 4, 201129,694 shares, last reported balance as of Jan 1, 2011
Christopher FioreAug 4, 20101,164 shares, last reported balance as of Jun 9, 2010
Jon DiamondApr 5, 20104,768,077 shares, last reported balance as of Apr 1, 2010
Joseph KerinMar 4, 201076,772 shares, last reported balance as of Mar 2, 2010
LeAnn NealzMar 4, 201076,286 shares, last reported balance as of Mar 2, 2010
Katherine SavittFeb 3, 200919,994 shares, last reported balance as of Jan 30, 2009
Susan McGallaDec 10, 2008392 shares, last reported balance as of Dec 9, 2008
Susan DiamondOct 3, 20074,722,108 shares, last reported balance as of Oct 1, 2007
Larry WolfJul 5, 20072,901 shares, last reported balance as of Jul 2, 2007
Geraldine HoffmanMar 13, 200715,813,682 shares, last reported balance as of Jan 11, 2007
Ann DesheJun 12, 200611,020,680 shares, last reported balance as of Jun 9, 2006
Dale CliftonMay 18, 20069,656 shares, last reported balance as of May 17, 2006
Howard LandonApr 24, 200614,438 shares, last reported balance as of Apr 20, 2006
Robert McMasterApr 19, 20067,793 shares, last reported balance as of Apr 18, 2006
Michael LeedyMar 7, 200684,402 shares, last reported balance as of Feb 28, 2006
Laura WeilAug 30, 2005372,116 shares, last reported balance as of Aug 29, 2005
Ari DesheMay 4, 200511,160,555 shares, last reported balance as of Mar 16, 2005
John MarakasNov 2, 200458,500 shares, last reported balance as of Mar 5, 2004
George KolberJun 22, 2004155,652 shares, last reported balance as of Jun 21, 2004
Martin DoolanJun 8, 2004No balance on record
Gilbert HarrisonJun 7, 20042,025 shares, last reported balance as of Jun 4, 2004
George SappenfieldApr 13, 2004No balance on record
David ThompsonNo balance on record

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