TPR.NYSETapestry, INC

Form 4: Tapestry Inc. Executive Howard David E. Reports Stock Disposals for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Howard David E., General Counsel & Secretary of Tapestry Inc., disposed of shares to cover tax obligations related to vesting restricted stock units.

Summary

  • On August 23, 2024, Howard David E., General Counsel & Secretary of Tapestry, Inc., disposed of 1,080 shares of common stock at a price of $41.66 to cover taxes related to the vesting of restricted stock units.
  • Additionally, on the same date, he disposed of 4,896 shares of common stock at $41.66 to cover taxes related to the vesting of performance restricted stock units, for which performance measures were certified on August 21, 2023.
  • Following these transactions, Howard directly owns 84,771 shares of Tapestry, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating routine transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.

Key Dates

DateDescription
08/21/2023Performance measures were certified for performance restricted stock units.
08/23/2021Date of grant of the award related to the performance restricted stock units.
08/23/2024Date of stock disposal for tax obligations.
08/26/2024Date of signature on the Form 4 filing.

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