Form 4: Tapestry CEO Joanne Crevoiserat Reports Stock Disposals to Cover Tax Obligations

Tapestry's CEO, Joanne Crevoiserat, disposed of shares to cover tax obligations related to the vesting of restricted stock units.

Summary

• Joanne C. Crevoiserat, CEO of Tapestry, Inc., reported the disposal of company stock on August 21 and 22, 2024.
• The transactions were made to cover tax obligations associated with the vesting of restricted stock units.
• On August 21, 2024, 7,837 shares were disposed of at a price of $41.15.
• On August 22, 2024, 7,729 shares were disposed of at a price of $40.17.
• Following these transactions, Crevoiserat beneficially owns 520,474 shares of Tapestry, Inc.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, which is neither particularly positive nor negative.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax planning. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates