Form 4: Tapestry Executive Reports Vesting and Tax-Related Stock Trades

Tapestry's General Counsel and Secretary, David E. Howard, reported the vesting of performance restricted stock units and subsequent share disposals for tax obligations.

Summary

• David E. Howard, General Counsel & Secretary of Tapestry, Inc. (TPR), reported transactions involving the company's common stock.
• On August 22, 2025, 14,649 performance restricted stock units (PRSUs) vested in full, including accumulated dividends, at an acquisition price of $35.41 per share.
• Shares were withheld on multiple dates to cover tax obligations related to the vesting of both restricted stock units (RSUs) and performance restricted stock units (PRSUs).
• Specifically, 1,729 shares were disposed of on August 21, 2025, at $98.39 per share for RSU tax withholding.
• On August 22, 2025, 1,581 shares were disposed of at $99.66 per share for RSU tax withholding, and 7,264 shares were disposed of at $99.66 per share for PRSU tax withholding.
• An additional 1,019 shares were disposed of on August 23, 2025, at $99.66 per share for RSU tax withholding.
• Following these transactions, David E. Howard beneficially owns 44,299 shares of Tapestry common stock directly.

Sentiment

Score: 7

Explanation: The vesting of performance-based equity awards is a positive indicator of management achieving set goals. The subsequent share disposals are routine tax-related events and do not reflect a negative sentiment from the executive.

Positives

• The vesting of 14,649 performance restricted stock units indicates that performance measures set for the award, granted on August 22, 2022, were certified and met.
• The acquisition of shares through vesting demonstrates the company's commitment to executive compensation tied to performance.

Negatives

• A significant number of shares (1,729, 1,581, 7,264, 1,019) were disposed of solely to cover tax liabilities associated with the vesting of equity awards, rather than being retained by the executive.

Risks

• The value of the executive's remaining beneficial ownership is subject to market fluctuations of Tapestry, Inc. common stock.

Future Outlook

NA

Industry Context

This routine insider transaction filing provides no specific information to analyze broader industry trends or competitive positioning for Tapestry, Inc.

Stakeholder Impact

• Shareholders gain transparency into executive compensation and equity ownership changes, which can influence perceptions of management alignment with shareholder interests.

Key Dates

Keywords

Tapestry, TPR, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Performance Shares, Stock Vesting, David E. Howard