Form 4: Tapestry CFO and COO Scott A. Roe Acquires Shares and Stock Options

Scott A. Roe, CFO and COO of Tapestry, Inc., reports the acquisition of common stock and stock options under the company's Stock Incentive Plan.

Summary

• On August 19, 2024, Scott A. Roe, the CFO and COO of Tapestry, Inc., acquired 18,482 shares of common stock at a price of $40.58 per share.
• These shares were received as unvested restricted stock units under Tapestry's Stock Incentive Plan, vesting in four equal tranches annually from August 19, 2025, to August 19, 2028.
• Roe also acquired 124,378 stock options with an exercise price of $40.58, which convert on a 1-for-1 basis into shares of Tapestry's common stock.
• These options also vest in four equal installments annually from August 19, 2025, to August 19, 2028.
• Following these transactions, Roe beneficially owns 102,512 shares of Tapestry, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard Form 4 filing indicating an executive's acquisition of shares and options, which could be seen as a positive signal, but it's not overwhelmingly so.

Positives

• The acquisition of shares and stock options by a high-ranking executive like the CFO and COO could be interpreted as a sign of confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gauge executive sentiment and potential future performance.

Stakeholder Impact

• Shareholders may view the executive's acquisition of shares as a positive sign, indicating confidence in the company's prospects.
• Employees may see this as a sign of stability and alignment of interests between management and the company's success.

Key Dates