Form 4: Tapestry Inc. Executive Howard David E. Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
General Counsel & Secretary of Tapestry, Inc., Howard David E., reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 21 and 22, 2024, Howard David E., General Counsel & Secretary of Tapestry, Inc., disposed of shares of common stock to cover tax obligations.
- On August 21, 2024, 2,123 shares were disposed of at a price of $41.15.
- On August 22, 2024, 1,675 shares were disposed of at a price of $40.17.
- Following these transactions, Howard David E. directly owns 90,747 shares of Tapestry, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock disposal is related to tax obligations, not necessarily a reflection of the executive's sentiment towards the company's future prospects.
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 and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Disposal of 2,123 shares of common stock at $41.15. |
| 08/22/2024 | Disposal of 1,675 shares of common stock at $40.17. |
| 08/23/2024 | Date of signature for the Form 4 filing. |
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