Form 4: Tapestry CFO Scott Roe Reports Stock Disposal to Cover Tax Obligations

Scott Roe, CFO and COO of Tapestry, Inc., disposed of 16,433 shares of common stock on August 23, 2024, to cover tax obligations related to vested performance restricted stock units.

Summary

• On August 23, 2024, Scott A. Roe, the CFO and COO of Tapestry, Inc., disposed of 16,433 shares of common stock.
• The transaction was executed to cover tax obligations associated with the vesting of performance restricted stock units.
• The shares were disposed of at a price of $41.66 per share.
• Following the transaction, Roe directly owns 81,776 shares of Tapestry, Inc.
• The performance measures for the restricted stock units were certified on August 21, 2023.
• The original grant date for the award was August 23, 2021, and the disposed securities include accumulated dividends since then.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates