Form 4: Tapestry CFO/COO Scott Roe's Equity Transactions

Tapestry's CFO and COO, Scott Roe, reported the vesting of performance restricted stock units and associated tax withholdings, increasing his direct beneficial ownership.

Summary

• Scott A. Roe, CFO and COO of Tapestry, Inc., reported several transactions involving the company's common stock on August 21 and 22, 2025.
• On August 21, 2025, 3,255 shares were disposed of at $98.39 to satisfy tax obligations related to the vesting of restricted stock units, reducing his direct beneficial ownership to 85,507 shares.
• On August 22, 2025, Roe acquired 47,610 shares at a value of $35.41 per share, stemming from the full vesting of performance restricted stock units. These units included accumulated dividends since their grant on August 22, 2022.
• Also on August 22, 2025, an additional 2,782 shares and 26,329 shares were disposed of at $99.66 per share to cover taxes associated with the vesting of restricted stock units and performance restricted stock units, respectively.
• Following all reported transactions, Roe's direct beneficial ownership of Tapestry common stock stands at 104,006 shares.

Sentiment

Score: 7

Explanation: The filing indicates the successful vesting of performance-based equity awards, suggesting management achieved its targets. The net increase in beneficial ownership is also a positive signal, despite routine tax-related share disposals.

Positives

• The vesting of 47,610 performance restricted stock units (PRSUs) indicates that performance measures were certified and met, reflecting positively on management's achievement of targets.
• The acquired PRSUs included all dividends accumulated since the grant date of August 22, 2022, enhancing the overall value of the vested award.
• There was a net increase in direct beneficial ownership for Scott A. Roe, from 85,507 shares (after the August 21, 2025 transaction) to 104,006 shares after all reported transactions, signaling continued alignment with shareholder interests.

Negatives

• A total of 32,366 shares were disposed of across three separate transactions (3,255 shares at $98.39, 2,782 shares at $99.66, and 26,329 shares at $99.66) to cover tax obligations related to the vesting of equity awards. While a routine practice, this reduces the number of shares directly held by the insider.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the vesting of performance-based equity awards as a positive indicator of management's ability to meet strategic objectives and create value.
• The increase in direct beneficial ownership by a key executive (CFO and COO) can be seen as a sign of management's continued confidence in the company's future prospects.

Key Dates

Recommendation

The filing details routine insider transactions related to the vesting of equity awards and associated tax withholdings. While the vesting of performance-based units is a positive indicator of management achieving targets, these transactions do not provide a strong signal for a change in investment recommendation. The net effect on beneficial ownership is an increase, which is generally viewed favorably, but it's part of a pre-scheduled compensation plan and does not suggest an immediate catalyst for significant price movement.

Keywords

Tapestry, TPR, Scott Roe, CFO, COO, Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Performance Shares, Equity Compensation