Form 4: Tapestry CFO Scott Roe Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Scott Roe, CFO and COO of Tapestry, Inc., disposed of 1,345 shares of common stock on June 1, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On June 1, 2024, Scott A. Roe, the CFO and COO of Tapestry, Inc. (TPR), disposed of 1,345 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $43.49 per share.
- Following the transaction, Roe directly owns 83,424 shares of Tapestry, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC when corporate insiders, like CFOs, trade their company's stock; this provides transparency to investors.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of stock disposal transaction. |
| 06/03/2024 | Date of signature on the Form 4 filing. |
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