Form 4: Tapestry CEO Elizabeth Fraser Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Elizabeth Fraser, CEO & Brand President of Kate Spade under Tapestry, Inc., reported disposing of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On August 21 and 22, 2024, Elizabeth Fraser, CEO & Brand President of Kate Spade (a subsidiary of Tapestry, Inc.), disposed of shares of Tapestry common stock.
- These transactions were executed to cover tax obligations associated with the vesting of restricted stock units.
- On August 21, 804 shares were disposed of at a price of $41.15.
- On August 22, 794 shares were disposed of at a price of $40.17.
- Following these transactions, Fraser directly owns 67,415 shares of Tapestry common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock disposal is related to tax obligations, not a reflection of the executive's view on the company's future prospects.
Industry Context
Executive stock transactions are a common occurrence, especially around vesting events. This filing is a routine disclosure and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Disposal of 804 shares of common stock at $41.15. |
| 08/22/2024 | Disposal of 794 shares of common stock at $40.17. |
| 08/23/2024 | Date of signature for the SEC filing. |
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