Form 4: Tapestry Director Kevin Hourican Acquires Shares Through Restricted Stock Units

Tapestry director Kevin Hourican acquired 3,459 shares of common stock through restricted stock units, while disposing of 5,290 shares.

Summary

• Kevin Hourican, 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. Hourican also disposed of 5,290 shares.
• Following these transactions, Mr. Hourican beneficially owns 5,290 shares of Tapestry common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by a company director. It doesn't indicate any significant positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The acquisition of restricted stock units is a common form of compensation for directors and executives in many publicly listed companies.
• The vesting period of one year is also a typical timeframe for such grants.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's stock transactions.
• The vesting of restricted stock units aligns the director's interests with the long-term performance of the company.

Key Dates

Keywords

Tapestry, Director, Kevin Hourican, Stock Acquisition, Restricted Stock Units, Share Disposal, Beneficial Ownership, Insider Trading