Form 4: Tapestry CEO's Stock Transactions: RSU Vesting
Insider Transaction Report
Tapestry, Inc. CEO Joanne C. Crevoiserat reported the vesting of performance restricted stock units and related tax withholdings.
Summary
- Joanne C. Crevoiserat, Chief Executive Officer of Tapestry, Inc. (TPR), reported several transactions involving the company's common stock.
- On August 22, 2025, 146,489 shares of common stock were acquired due to the full vesting of performance restricted stock units, including accumulated dividends, which were granted on August 22, 2022. The acquisition price was $35.41 per share.
- A total of 96,131 shares were disposed of between August 21 and August 23, 2025, at prices ranging from $98.39 to $99.66. These disposals were primarily to cover tax obligations associated with the vesting of restricted stock units and performance restricted stock units.
- Following these transactions, Crevoiserat's direct beneficial ownership of common stock stands at 617,253 shares as of August 23, 2025.
Sentiment
Score: 7
Explanation: The vesting of performance-based restricted stock units is a positive indicator of achieved corporate performance goals. While there are disposals for tax purposes, these are routine and expected for equity compensation.
Positives
- The vesting of 146,489 performance restricted stock units indicates the achievement of specific corporate performance measures.
- The net increase in beneficial ownership (after accounting for tax withholdings) demonstrates continued alignment of management interests with shareholder value.
Negatives
- The disposal of 96,131 shares for tax withholding purposes reduces the direct shareholding, though this is a standard and expected practice for equity compensation.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The vesting of performance-based equity compensation for the CEO suggests that company performance targets were met, which is generally positive for shareholders. The CEO's continued significant ownership aligns her interests with shareholders.
- Employees: The report reflects standard executive compensation practices, which may be part of a broader compensation strategy for employees.
Key Dates
| Date | Description |
|---|---|
| 08/22/2022 | Grant date of performance restricted stock units. |
| 08/21/2025 | Date of disposition of 8,013 shares for tax withholding related to restricted stock unit vesting. |
| 08/22/2025 | Date of acquisition of 146,489 shares due to full vesting of performance restricted stock units, and disposition of 7,902 shares and 74,783 shares for tax withholding. |
| 08/23/2025 | Date of disposition of 5,433 shares for tax withholding related to restricted stock unit vesting. |
| 08/25/2025 | Filing date of the Statement of Changes in Beneficial Ownership. |
Recommendation
holdThe filing details routine executive compensation events, specifically the vesting of performance-based restricted stock units and subsequent tax-related share disposals. These transactions are expected and do not provide new fundamental information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. The CEO's continued substantial beneficial ownership is a positive for alignment, but the filing itself does not present a catalyst for a 'buy' or 'sell' decision.
Keywords
Tapestry Inc, TPR, Joanne C. Crevoiserat, SEC Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Performance Shares, Executive Compensation, Share Ownership, Tax Withholding
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