# EDGAR Filing Document

**Accession Number:** 0001031000
**File Stem:** 0001193125-26-086156
**Filing Date:** 2026-3
**Character Count:** 23426
**Document Hash:** e24fad01dd6c5a82331d07e8ad7827af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-086156.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001193125-26-086156

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN EAGLE OUTFITTERS INC
- **CENTRAL INDEX KEY:** 0000919012
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-FAMILY CLOTHING STORES [5651]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 132721761
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0201

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-49559
- **FILM NUMBER:** 26710405

**BUSINESS ADDRESS:**
- **STREET 1:** 77 HOT METAL STREET
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15203
- **BUSINESS PHONE:** 4124323300

**MAIL ADDRESS:**
- **STREET 1:** 77 HOT METAL STREET
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15203
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHOTTENSTEIN JAY L
- **CENTRAL INDEX KEY:** 0001031000

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 1800 MOLER ROAD
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43207

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_1.pdf`

_No text found in this document._

**Attachment 2:** `ck0000000000-ex99_2.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**AMERICAN EAGLE OUTFITTERS, INC.**

*(Name of Issuer)*

**Common Stock, $0.01 par value**

*(Title of Class of Securities)*

**02553E106**

*(CUSIP Number)*

**Tod H. Friedman**<br>EVP, CLO & Secretary Schottenstein Store<br>4300 E. Fifth Avenue<br>Columbus OH 43219<br>(614) 449-4332

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/02/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **02553E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Jay L. Schottenstein** | Name of reporting person<br>**Jay L. Schottenstein** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**7254667.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6040819.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**7254667.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6040819.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13295486.00** | Aggregate amount beneficially owned by each reporting person<br>**13295486.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.8%** | Percent of class represented by amount in Row (11)<br>**7.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) Items 7 & 9:  Consists of (1) 244,542 shares held by Mr. Schottenstein directly; (2) 6,300 shares held in a trust as to which Mr. Schottenstein is trustee; (3) 1,953,140 shares held in a revocable trust as to which Mr. Schottenstein is co-trustee, but has the power to act unilaterally; (4) 2,314,321 shares deemed held by Mr. Schottenstein that are subject to options exercisable within 60 days; (5) 125,129 shares of unvested restricted stock; and (6) 2,611,235 shares held by Schottenstein SEI, LLC ("SSEI"). Mr. Schottenstein serves as the sole manager of SSEI.
(2) Items 8 & 10:  Consists of (1) 3,069,617 shares held in trusts for the benefit of family members as to which Mr. Schottenstein is a trustee; and (2) 2,971,202 shares held by SEI, Inc. ("SEI"). Mr. Schottenstein serves as Chairman of SEI and has or shares voting power for 60.6% of SEI.
(3) Item 13:  Based on 169,512,006 shares of Common Stock outstanding as of December 4, 2025, as reported in the Company's Form 10-Q filed with the U.S. Securities and Exchange Commission on December 9, 2025.

| **CUSIP No.** | **02553E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**SEI, Inc.** | Name of reporting person<br>**SEI, Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEVADA** | Citizenship or place of organization<br>**NEVADA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2971202.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2971202.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2971202.00** | Aggregate amount beneficially owned by each reporting person<br>**2971202.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.8%** | Percent of class represented by amount in Row (11)<br>**1.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **02553E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Schottenstein SEI, LLC** | Name of reporting person<br>**Schottenstein SEI, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2611235.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2611235.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2611235.00** | Aggregate amount beneficially owned by each reporting person<br>**2611235.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.5%** | Percent of class represented by amount in Row (11)<br>**1.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $0.01 par value

**(b) Name of Issuer:**
AMERICAN EAGLE OUTFITTERS, INC.

**(c) Address of Issuer's Principal Executive Offices:**
77 Hot Metal Street, Pittsburgh, PA, 15203

This Schedule 13D relates to the Common Stock of the Company.  The principal executive offices of the Company are located at 77 Hot Metal Street, Pittsburgh, Pennsylvania 15203.

                                                                                                                                                                             EXPLANATORY NOTE

This Amendment No. 1 to Schedule 13D (this "Amendment No. 1") amends and supplements the statement on Schedule 13D filed by Jay L. Schottenstein with the U.S. Securities and Exchange Commission (the "Commission") on October 3, 2011 (the "Original Schedule 13D," and as amended herein, the "Schedule 13D"), relating to the common stock, $0.01 par value ("Common Stock"), of American Eagle Outfitters, Inc. (the "Company").

This Amendment No. 1 is being filed to update the percentage of shares beneficially owned by Mr. Schottenstein and to add SEI, Inc. (f/k/a Retail Ventures, Inc.) ("SEI") and Schottenstein SEI, LLC ("SSEI") as reporting persons.  Each Item below amends and supplements the information disclosed under the corresponding Item of the Original Schedule 13D.  Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Original Schedule 13D. Capitalized terms used but not defined in this Amendment shall have the same meanings ascribed to them in the Original Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 of the Original Schedule 13D is hereby amended and restated as follows

The information set forth in Item 3 of this Schedule 13D is hereby incorporated by reference.

The Reporting Persons evaluate each of their investments, including the Company and the Common Stock, on an ongoing basis, based upon various factors, criteria and alternatives including those noted below.  Based on then-current circumstances and such ongoing evaluation, the Reporting Persons may, from time to time, acquire additional shares of Common Stock, continue to own shares of Common Stock or dispose of shares of Common Stock at any time, in the open market or otherwise, and/or take actions which could involve any of the items enumerated in the Schedule 13D instructions to this Item 4.  The Reporting Persons reserve the right, based on all relevant factors and circumstances, to change their investment intent with respect to the Company and the Common Stock at any time in the future, and to change their intent with respect to any or all of the matters referred to in this Schedule 13D, including any of the items enumerated in the Schedule 13D instructions to this Item 4.  In reaching any conclusion as to their future course of action, the Reporting Persons will take into consideration various factors, criteria and alternatives, including, but not limited to, the Company's business and prospects, other developments concerning the business and management of the Company, its competitors and the industry in which it operates, other business and investment opportunities available to the reporting person, any contractual obligations to which the Reporting Persons are now or may in the future become subject, including in respect of the financing of their ownership of shares of Common Stock or otherwise relating to their investment in the Company or otherwise, and general economic and stock market conditions, including, but not limited to, the market price of shares of Common Stock and other investment alternatives.  From time to time the Reporting Persons may enter into discussions with the Company and/or third parties, concerning their holdings of Common Stock and possible future extraordinary transactions involving the Reporting Persons and the Company and such third persons.  There can be no assurance as to whether the Reporting Persons will take any action with respect to their ownership of Common Stock, or take action with respect to any of the items enumerated in the Schedule 13D instructions to this Item 4, including entering into any discussions with the Company or with any third parties with respect to the Common Stock or the Company, nor as to outcome of any such matters, including as to whether any discussions if entered into will lead to any transaction that might be considered or agreed to by any third party, the Company or the reporting person, the terms of any transaction, or the timing or certainty of any transaction.

Other than as described in this Schedule 13D, the Reporting Persons do not have any present plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present Board or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company's business or corporate structure; (g) changes in the Company's charter, by-laws or instruments corresponding thereto or other actions that may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated above.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 of the Original Schedule 13D is hereby amended and restated as follows:

The 13,295,486 shares of Common Stock reported on this Schedule 13D include (1) 244,542 shares held by Mr. Schottenstein directly; (2) 1,953,140 shares held by Mr. Schottenstein directly through a revocable trust as to which Mr. Schottenstein is co-trustee; (3) 2,971,202 shares held by SEI; (4) 2,611,235 shares held by SSEI; (5) 2,314,321 shares deemed held by Mr. Schottenstein that are subject to options exercisable within 60 days; (6) 3,069,617 shares held in trusts for the benefit of family members as to which Mr. Schottenstein is a trustee; (7) 6,300 shares held in a trust for the benefit of family members as to which Mr. Schottenstein is trustee; and (8) 125,129 shares of unvested restricted stock.

Percentage interest calculations for Mr. Schottenstein, SEI and SSEI are based on a total of 169,512,006 shares of Common Stock outstanding as of December 4, 2025, as reported in the Company's Quarterly Report on Form 10-Q filed with the Commission on December 9, 2025.

The aggregate number of shares of Common Stock that Mr. Schottenstein beneficially owns pursuant to Rule 13d-3 under the Securities Exchange Act of 1934 (as amended, the "Exchange Act") is 13,295,486 shares as of the date hereof, which constitutes approximately 7.8% of the shares of Common Stock issued and outstanding as of December 9, 2025.  Mr. Schottenstein has the sole power to vote or direct the vote and to dispose or direct the disposition of 7,254,667 shares of Common Stock, and the shared power to vote or direct the vote and to dispose or direct the disposition of 6,040,819 shares of Common Stock.  Mr. Schottenstein shares power to vote or direct the vote and to dispose or direct the disposition of:

2,971,202 shares held by SEI, of which Mr. Schottenstein has or shares voting power for 60.6% of SEI and shares such power with the other directors of SEI.

2,824,211 shares held in a trust for the benefit of family members with Gloria Haffer.  Ms. Haffer's business address is c/o Schottenstein Stores Corporation, 4300 East Fifth Avenue, Columbus, Ohio 43219.

245,406 shares held in a trust for the benefit of family members with Anne S. Deshe and Susan S. Diamond.  The trust's business address is c/o Schottenstein Stores Corporation, 4300 East Fifth Avenue, Columbus, Ohio 43219.

The individuals with which Mr. Schottenstein shares power to vote or direct the vote and to dispose or direct the disposition of Common Stock have not, to the best knowledge of the Reporting Persons, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

The aggregate number of shares of Common Stock that SEI beneficially owns pursuant to Rule 13d-3 under the Exchange Act is 2,971,202 shares as of the date hereof, which constitutes approximately 1.8% of the shares of Common Stock issued and outstanding as of December 9, 2025.  SEI has the sole power to vote or direct the vote and to dispose or direct the disposition of these 2,971,202 shares of Common Stock.

The aggregate number of shares of Common Stock that SSEI beneficially owns pursuant to Rule 13d-3 under the Exchange Act is 2,611,235 shares as of the date hereof, which constitutes approximately 1.5% of the shares of Common Stock issued and outstanding as of December 9, 2025.  SSEI has the sole power to vote or direct the vote and to dispose or direct the disposition of these 2,611,235 shares of Common Stock.

In addition, as of the date hereof, certain of the Covered Persons beneficially own the number and percentage of Common Stock set forth on Annex B attached and incorporated by reference.

In the 60 days prior to the date of this Schedule 13D, the following transactions were effected by Mr. Schottenstein and by a family trust as to which Mr. Schottenstein is a trustee:

On January 20, 2026, Mr. Schottenstein sold 250,000 shares of Common Stock, from a trust held for the benefit of family members of which Mr. Schottenstein is a trustee, at a weighted average sale price of $25.2717.  This sale was effected in the open market.

On January 21, 2026, Mr. Schottenstein sold 264,670 shares of Common Stock, from a trust held for the benefit of family members of which Mr. Schottenstein is a trustee, at a weighted average sale price of $25.8348.  This sale was effected in the open market.

On January 22, 2026, Mr. Schottenstein sold 10,616 shares of Common Stock, from a trust held for the benefit of family members of which Mr. Schottenstein is a trustee, at a weighted average sale price of $26.2260.  This sale was effected in the open market.

On February 5, 2026, Mr. Schottenstein received 244,542 shares of Common Stock pursuant to the vesting of a previously received award, at a weighted average price of $23.0900.

During the 60 days prior to the date of this Schedule 13D, Mr. Schottenstein received the right to acquire 588,502 shares based on future vesting dates pursuant to previously received awards.

Except as described above, to the knowledge of the Reporting Persons, no other transactions in the Common Stock were effected by the Reporting Persons or any Covered Person during the 60 days prior to the date of this Schedule 13D.

To the knowledge of the Reporting Persons, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported in this Item 5.

**(b)**
—

**(c)**
—

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Original Schedule 13D is hereby amended and restated as follows:

Voting Agreement

As described in the Original Schedule 13D, Mr. Schottenstein had sole voting power, but no dispositive power, over 3,694,736 shares of Common Stock (the "Deshe/Diamond Shares") pursuant to a Voting and Stockholder Agreement, dated September 16, 2011 (the "Voting Agreement"), entered into by Mr. Schottenstein, Ann S. Deshe, Susan S. Diamond and certain of their respective spouses, lineal descendants, and affiliates.  The Voting Agreement remains in effect, as reported in Exhibit 4.1 to the Company's Annual Report on Form 10-K filed with the Commission on March 20, 2025; however, as of the date hereof, no party to the Voting Agreement continues to hold any Deshe/Diamond Shares, and as a result, Mr. Schottenstein no longer has sole voting power over such shares.  The Voting Agreement is attached hereto as Exhibit 1 and incorporated by reference.

Joint Filing Agreement

In connection with this Amendment No. 1, Mr. Schottenstein, SEI and SSEI have entered into a Joint Filing Agreement, which is attached as Exhibit 99.2 and incorporated by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Jay L. Schottenstein

**Signature:** By: /s/ Jay L. Schottenstein

**Name/Title:** Jay L. Schottenstein

**Date:** 03/02/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** SEI, Inc.

**Signature:** By: /s/  Jay L. Schottenstein

**Name/Title:** Jay L. Schottenstein, Chief Executive Officer and President

**Date:** 03/02/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Schottenstein SEI, LLC

**Signature:** By: /s/  Jay L. Schottenstein

**Name/Title:** Jay L Schottenstein, President and Manager

**Date:** 03/02/2026