Form 4: Tapestry Director Acquires Shares Through Restricted Stock Units

Tapestry director Thomas Greco acquired 3,459 shares of common stock through restricted stock units, according to a recent SEC filing.

Summary

• Thomas Greco, a director at Tapestry, Inc., acquired 3,459 shares of common stock on November 14, 2024.
• The shares were acquired through unvested restricted stock units issued under the company's Stock Incentive Plan.
• The acquisition price was $57.82 per share.
• These restricted stock units will vest on November 14, 2025.
• Following the transaction, Mr. Greco directly owns 19,248 shares of Tapestry common stock.

Sentiment

Score: 7

Explanation: The transaction is a routine part of executive compensation and indicates confidence from a director, which is generally positive.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This type of transaction is common for directors and executives as part of their compensation packages and is a standard practice in publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock units as part of their executive compensation packages.
• The vesting period of one year is a common practice for these types of grants.
• Similar transactions are regularly reported by directors and officers of other companies in the retail and fashion industry.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates

Keywords

Tapestry, Director, Stock Acquisition, Restricted Stock Units, SEC Form 4, Insider Trading, Equity Compensation