Form 4: Tapestry CFO/COO Roe Reports Equity Grants

Tapestry, Inc.'s CFO and COO, Scott A. Roe, reported the acquisition of restricted stock units and stock options, alongside a disposition of shares for tax obligations.

Summary

• Scott A. Roe, CFO and COO of Tapestry, Inc. (TPR), reported transactions involving company equity.
• On August 18, 2025, Roe acquired 10,009 shares of common stock in the form of unvested restricted stock units (RSUs) at a price of $99.91 per share. These RSUs will vest in four equal tranches annually, starting August 18, 2026, through August 18, 2029.
• Also on August 18, 2025, Roe acquired 27,213 stock options under the company's Stock Incentive Plan, with an exercise price of $99.91 per share. These options are service-based and will vest in four equal installments annually, starting August 18, 2026, and expiring on August 18, 2035.
• On August 19, 2025, 2,613 shares of common stock were disposed of at $97.92 per share to cover tax liabilities related to the vesting of restricted stock units.
• Following these transactions, Roe beneficially owns 88,762 shares of common stock and 27,213 stock options.

Sentiment

Score: 6

Explanation: The filing indicates routine executive compensation through equity grants, which is generally positive as it aligns executive incentives with shareholder interests. The share disposition for tax purposes is a standard, neutral event.

Positives

• Acquisition of 10,009 unvested restricted stock units, aligning management's interests with shareholders.
• Grant of 27,213 stock options, providing long-term incentive for performance.

Negatives

• Disposition of 2,613 shares to cover tax obligations, which is a routine event but reduces direct shareholding.

Future Outlook

This filing primarily details past and scheduled future equity compensation events for an executive and does not provide a broader future outlook for the company's operations or financial performance.

Industry Context

This filing is a routine disclosure of executive equity compensation and tax-related share dispositions, common across publicly traded companies. It does not provide insights into broader industry trends or competitive dynamics within the retail or luxury goods sector where Tapestry, Inc. operates.

Comparison to Industry Standards

• The equity grants and tax-related share dispositions are standard practices for executive compensation in publicly traded companies.
• The specific values and vesting schedules are typical for long-term incentive plans designed to align executive interests with shareholder value creation, comparable to compensation structures seen at companies like Capri Holdings (CPRI) or LVMH Moët Hennessy Louis Vuitton (LVMUY) for their executives, though specific grant sizes vary by company size and executive role.

Stakeholder Impact

• Shareholders: The equity grants align the CFO/COO's interests with long-term shareholder value creation. The tax-related share disposition is a minor, routine event.
• Management: The grants provide significant long-term incentives for the CFO/COO.

Next Steps

• Restricted stock units and stock options will vest in four equal tranches on August 18, 2026, August 18, 2027, August 18, 2028, and August 18, 2029.
• Stock options will expire on August 18, 2035.

Key Dates

Keywords

Tapestry Inc, TPR, Scott A. Roe, CFO, COO, SEC Form 4, Insider Trading, Restricted Stock Units, Stock Options, Equity Compensation, Executive Compensation