Form 4: Tapestry CFO/COO Scott Roe Exercises Options, Sells Shares

Tapestry, Inc.'s CFO and COO, Scott A. Roe, exercised stock options and subsequently sold common stock on November 21, 2025.

Summary

• Scott A. Roe, the Chief Financial Officer and Chief Operating Officer of Tapestry, Inc. (TPR), engaged in multiple transactions on November 21, 2025.
• Roe exercised 35,687 stock options at an exercise price of $33.81 per share.
• Roe also exercised an additional 27,094 stock options at an exercise price of $35.41 per share.
• Following the option exercises, Roe sold 18,794 shares of common stock at a price of $104.85 per share.
• An additional 43,987 shares of common stock were disposed of at $104.85 per share to cover the cost of the option exercises, as well as associated taxes and fees.
• After these reported transactions, Roe's direct beneficial ownership of Tapestry common stock stands at 104,162 shares.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The transactions reflect an insider realizing value from previously granted options, which is a normal part of executive compensation. The sale of shares is primarily for tax and cost coverage, not a full divestment, and the remaining beneficial ownership is substantial.

Positives

• The exercise of stock options by a key executive indicates a realization of value from their compensation package.
• The sale price of $104.85 per share is significantly higher than the option exercise prices of $33.81 and $35.41, demonstrating a substantial gain for the insider.

Negatives

• Insider selling, even when primarily for tax and cost coverage, can sometimes be viewed with caution by the market, though in this instance, it appears to be a routine part of option exercise.

Stakeholder Impact

• Shareholders: Provides transparency on insider holdings and transactions. The sale for tax purposes is a common occurrence and does not necessarily signal a lack of confidence in the company's future.
• Management: Scott A. Roe has realized value from his compensation package, aligning his personal financial interests with the company's performance.

Key Dates

Recommendation

This Form 4 details a routine insider transaction where the CFO and COO exercised stock options and subsequently sold a portion of the acquired shares to cover exercise costs and taxes. While it involves insider selling, the primary motivation appears to be tax-related, and the executive retains a significant beneficial ownership. This type of transaction is a normal part of executive compensation and does not provide new fundamental information to warrant a change from a 'hold' recommendation.

Keywords

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