Form 4: Tapestry Director Kevin Hourican Acquires 1,985 RSUs

Tapestry, Inc. Director Kevin Hourican acquired 1,985 unvested restricted stock units as part of the company's Stock Incentive Plan.

Summary

• Kevin Hourican, a Director of Tapestry, Inc. (TPR), acquired 1,985 shares of common stock.
• The transaction occurred on November 13, 2025, with a deemed acquisition price of $100.76 per share.
• These securities were received in the form of unvested restricted stock units (RSUs) issued under the Issuer's Stock Incentive Plan.
• The acquired RSUs are scheduled to vest on November 13, 2026.
• Following this transaction, Kevin Hourican beneficially owns 7,347 shares of common stock.
• The filing was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: Slightly positive, as a director's acquisition of shares (even unvested RSUs) generally signals confidence in the company's future and aligns insider interests with shareholders. However, it's a routine compensation event rather than a significant open-market purchase.

Positives

• The acquisition of restricted stock units by a director aligns management's interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• Participation in the company's Stock Incentive Plan demonstrates commitment from the director to the long-term success of Tapestry, Inc.

Future Outlook

The acquired restricted stock units are scheduled to vest on November 13, 2026, indicating a future increase in the director's vested ownership in Tapestry, Inc. contingent on continued service.

Management Comments

• The transaction reflects Director Kevin Hourican's participation in the company's Stock Incentive Plan, a standard component of executive and director compensation designed to align interests with long-term shareholder value.

Industry Context

Insider transactions, particularly RSU grants, are a common form of executive and director compensation across various industries. They are typically part of a broader compensation strategy aimed at retaining talent and incentivizing performance tied to the company's stock price.

Corporate Governance

Stakeholder Impact

• Shareholders may view this transaction as a positive signal, indicating that a director has a vested interest in the company's future performance.
• Employees may see this as a standard practice for director compensation, reinforcing the company's overall compensation philosophy.

Next Steps

• The 1,985 restricted stock units are expected to vest on November 13, 2026, at which point they will convert into fully owned common stock shares.

Key Dates

Keywords

Tapestry Inc, TPR, Kevin Hourican, Director, Restricted Stock Units, RSU, Insider Transaction, Form 4, Stock Incentive Plan, Corporate Governance