Form 4: Tapestry CFO Scott Roe Executes Stock Options and Sells Shares

Tapestry's CFO and COO, Scott A. Roe, exercised stock options and sold shares to cover costs and taxes, resulting in adjustments to his holdings of Tapestry common stock.

Summary

• On February 20, 2025, Scott A. Roe, the CFO and COO of Tapestry, Inc., engaged in transactions involving Tapestry's common stock.
• Roe exercised stock options to acquire 54,190 shares at $35.41 and 35,687 shares at $33.81.
• Simultaneously, Roe sold 11,430 shares at $86.57 and 14,297 shares at $86.56.
• A total of 24,257 shares and 39,893 shares were sold to cover the costs, taxes, and fees associated with exercising the stock options.
• Following these transactions, Roe directly owns 82,437 shares of Tapestry common stock and 54,188 and 107,059 stock options.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and is a common occurrence for executives at publicly traded companies like Tapestry. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The details provided are consistent with regulatory requirements for disclosing insider transactions.
• Comparable companies such as Capri Holdings (CPRI) and Ralph Lauren (RL) also have executives who file Form 4s when they trade their company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
• The sale of shares by an executive could be perceived negatively by some investors, although it is often a routine part of executive compensation.

Key Dates

Keywords

Tapestry, Scott Roe, Stock Options, Form 4, Insider Trading, TPR, CFO, COO, Securities