Form 4: Tapestry Director Alan Ka Ming Lau Acquires Shares Through Restricted Stock Units

Director Alan Ka Ming Lau of Tapestry, Inc. acquired 3,459 shares of common stock through restricted stock units, while also disposing of 8,104 shares.

Summary

• Alan Ka Ming Lau, a director at Tapestry, Inc., acquired 3,459 shares of common stock on November 14, 2024.
• The shares were acquired through restricted stock units at a price of $57.82 per share.
• These restricted stock units will vest on November 14, 2025.
• Mr. Lau also disposed of 8,104 shares of common stock.
• Following these transactions, Mr. Lau's total holdings of Tapestry common stock is not specified in this document.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing for insider transactions, which is neither positive nor negative in itself. It reflects normal corporate activity.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It reflects the compensation structure for directors and is a normal part of corporate governance.

Comparison to Industry Standards

• Stock-based compensation, such as restricted stock units, is a common practice among publicly traded companies, including those in the retail and fashion industry like Tapestry.
• Other companies such as Capri Holdings and Ralph Lauren also use similar methods to compensate their directors and executives.
• The vesting period of one year is also a standard practice to align the interests of the directors with the long-term performance of the company.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a routine insider transaction.
• The vesting of restricted stock units aligns the director's interests with the company's performance.

Key Dates

Keywords

Tapestry, Director, Alan Ka Ming Lau, Stock Acquisition, Restricted Stock Units, Share Disposal, Insider Trading, SEC Form 4