Form 4: Tapestry Director Anne Gates Acquires Shares Through Restricted Stock Units

Director Anne Gates acquired 3,459 shares of Tapestry, Inc. through restricted stock units, increasing her holdings to 20,639 shares.

Summary

• Anne Gates, 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.
• Following this transaction, Anne Gates now beneficially owns 20,639 shares of Tapestry, Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally positive as it shows director alignment with the company's interests. There is no indication of any negative sentiment.

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 is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the compensation structure for directors and executives.

Comparison to Industry Standards

• The use of restricted stock units is a common practice for compensating directors and executives in publicly traded companies.
• The vesting period of one year is also a typical timeframe for such grants.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Tapestry, Director, Anne Gates, Stock Acquisition, Restricted Stock Units, Share Ownership, Insider Trading