Form 4: Tapestry CEO Todd Kahn Reports Stock Disposals via Gift and Charitable Donation

Tapestry's CEO and Brand President of Coach, Todd Kahn, reported the disposal of shares through a sale, a gift, and a charitable donation on February 21, 2025.

Summary

• On February 21, 2025, Todd Kahn, CEO and Brand President of Coach (a subsidiary of Tapestry, Inc.), reported changes in his beneficial ownership of Tapestry, Inc. stock.
• He disposed of 7,786 shares of common stock through a sale at a price of $87.59 per share.
• He also disposed of 639 shares as a bona fide gift and 2,800 shares as a charitable donation to a Donor Advised Fund.
• Following these transactions, Kahn directly owns 198,092 shares of Tapestry, Inc.
• The filing was signed on February 24, 2025, by Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports stock disposals through a sale, a gift, and a charitable donation, which don't necessarily indicate a negative outlook but rather personal financial decisions.

Industry Context

Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Gifts and charitable donations are less indicative of sentiment than open market sales.

Key Dates

Keywords

Tapestry, Todd Kahn, Coach, stock disposal, beneficial ownership, Form 4, gift, charitable donation