Form 4: Tapestry Director Alan Lau Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Alan Lau disposed of 429 shares of Tapestry, Inc. to cover tax obligations related to vesting restricted stock units.
Summary
- On November 1, 2024, Alan Ka Ming Lau, a director of Tapestry, Inc., disposed of 429 shares of common stock.
- The shares were disposed of to cover tax obligations related to the vesting of restricted stock units.
- The transaction was executed at a price of $46.97 per share.
- Following the transaction, Lau directly owns 4,645 shares of Tapestry, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. 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. Disposals to cover tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of transaction: Alan Lau disposed of shares. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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