Form 4: Tapestry Inc. Director Acquires Shares Through Stock Incentive Plan

Director David V. Elkins acquired 3,459 shares of Tapestry Inc. common stock through unvested restricted stock units.

Summary

• David V. Elkins, a director at Tapestry Inc., acquired 3,459 shares of common stock on November 14, 2024.
• The shares were received as unvested restricted stock units under the company's Stock Incentive Plan.
• The acquisition price was $57.82 per share.
• These shares will vest on November 14, 2025.
• Following the transaction, Mr. Elkins beneficially owns 5,290 shares of Tapestry Inc. common stock.

Sentiment

Score: 7

Explanation: The transaction is a routine stock grant, which is generally viewed positively as it aligns director interests with shareholders. It is not a major event but a positive indicator.

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 standard transaction for a director receiving stock-based compensation, common in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align the interests of management and shareholders.
• The vesting period of one year is also a typical timeframe for restricted stock units.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

Tapestry Inc., Director, Stock Incentive Plan, Restricted Stock Units, Share Acquisition, Beneficial Ownership, Equity Securities