Form 4: Tapestry CEO Kahn Reports Share Transactions

Tapestry, Inc. CEO and Brand President of Coach, Todd Kahn, reported several transactions involving company common stock, including vesting of restricted stock units, tax withholdings, and a bona fide gift.

Summary

• Todd Kahn, CEO and Brand President of Coach for Tapestry, Inc. (TPR), reported multiple transactions of common stock.
• On August 21, 2025, 2,075 shares were withheld at $98.39 to cover taxes related to restricted stock unit (RSU) vesting.
• On August 22, 2025, 36,623 performance restricted stock units (PRSUs) vested in full at $35.41, including accumulated dividends since their granting on August 22, 2022.
• Also on August 22, 2025, 1,976 shares were withheld at $99.66 for taxes related to RSU vesting, and 18,580 shares were withheld at $99.66 for taxes related to PRSU vesting.
• On August 23, 2025, an additional 1,358 shares were withheld at $99.66 for taxes related to RSU vesting.
• On August 25, 2025, Mr. Kahn made a bona fide gift of 22,000 shares at a price of $0.0000 per share.
• Following these transactions, Mr. Kahn beneficially owns 115,604 shares directly.

Sentiment

Score: 6

Explanation: The vesting of performance-based restricted stock units indicates the achievement of company performance targets, which is a positive signal. The other transactions (tax withholdings, gift) are routine or personal and do not reflect negatively on the company's operational performance.

Positives

• The vesting of 36,623 performance restricted stock units (PRSUs) indicates that performance measures were certified and met, reflecting positively on company and management performance.
• The vested PRSUs included all dividends accumulated since their granting on August 22, 2022, adding to the value received by the executive.

Negatives

• A total of 23,989 shares were withheld across multiple dates (2,075, 1,976, 18,580, 1,358) to cover tax obligations related to the vesting of restricted stock units and performance restricted stock units.
• Mr. Kahn gifted 22,000 shares, reducing his direct beneficial ownership.

Future Outlook

There are no forward-looking statements or guidance provided in this filing.

Industry Context

This filing details specific insider transactions for Tapestry, Inc. and does not provide information that directly relates to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and ownership changes. The vesting of performance awards may be viewed positively as it signals achievement of company goals.
• Employees: Demonstrates the structure of executive incentive compensation.

Key Dates

Recommendation

This Form 4 filing primarily details routine executive compensation events (vesting of equity awards and associated tax withholdings) and a personal gift of shares. While the vesting of performance-based units is a positive indicator of past company performance, these transactions do not provide new fundamental information about Tapestry's operational outlook, financial health, or strategic direction that would warrant a change in investment recommendation. Investors should consider these transactions as part of the ongoing compensation structure rather than a signal for immediate buying or selling.

Keywords

Tapestry Inc, TPR, Todd Kahn, CEO, Coach, SEC Form 4, insider trading, restricted stock units, performance restricted stock units, share vesting, stock gift, executive compensation