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

CFO and COO of Tapestry, Scott A. Roe, disposed of shares to cover tax obligations related to vesting restricted stock units.

Summary

• Scott A. Roe, CFO and COO of Tapestry, Inc., reported the disposal of common stock on August 21 and 22, 2024, to cover tax obligations.
• On August 21, 2024, 2,320 shares were disposed of at a price of $41.15.
• On August 22, 2024, 1,983 shares were disposed of at a price of $40.17.
• Following these transactions, Roe beneficially owns 98,209 shares of Tapestry, Inc.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (stock disposal for tax purposes) and doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates