Form 4: Tapestry Director Alan Lau Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Director Alan Ka Ming Lau of Tapestry, Inc. (TPR) reports disposing of 275 shares of common stock to cover taxes related to vesting restricted stock units on April 12, 2024.
Summary
- On April 12, 2024, Alan Ka Ming Lau, a director of Tapestry, Inc. (TPR), disposed of 275 shares of common stock.
- The disposal was executed to cover tax obligations associated with the vesting of restricted stock units.
- The transaction price was $41.14 per share.
- Following the transaction, Lau directly owns 5,022 shares of Tapestry, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to tax obligations and doesn't indicate a change in the director's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vesting restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date of transaction: Alan Ka Ming Lau disposed of shares to cover tax obligations. |
| 04/15/2024 | Date of signature: Form 4 signed by Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney. |
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