Form 4: Tapestry Inc. Executive Howard David E. Reports Stock Transactions

Tapestry Inc.'s General Counsel and Secretary, Howard David E., executed multiple transactions involving the company's stock, including option exercises and sales, on November 22, 2024.

Summary

• Howard David E., General Counsel & Secretary of Tapestry, Inc., reported several transactions involving the company's common stock on November 22, 2024.
• These transactions included the exercise of stock options at prices of $33.81, $35.41, and $42.31, resulting in the acquisition of 11,896, 16,674, and 16,112 shares respectively.
• Following the option exercises, a total of 34,890 shares were sold at an average price of $58.97.
• Additional sales of 2,020, 2,256 and 2,959 shares were executed at prices of $58.89, $58.82 and $58.83 respectively.
• Shares were also sold to cover the costs, taxes and fees associated with the option exercises, totaling 9,640, 13,715 and 14,092 shares at prices of $58.82, $58.83 and $58.89 respectively.
• After all transactions, Mr. Howard directly owns 50,186 shares of Tapestry Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment. It is a routine filing.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transactions reported are typical for executives who receive stock options as part of their compensation.
• The sale of shares to cover taxes and fees associated with option exercises is a common practice.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold.
• The filing provides transparency to shareholders regarding executive stock transactions.

Key Dates

Keywords

Tapestry Inc., stock options, insider trading, Form 4, stock sales, executive transactions, Howard David E., equity securities