Form 4: Tapestry Inc. Executive Manesh Dadlani Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Manesh Dadlani, VP, Controller and PAO of Tapestry Inc., reports disposing of 636 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On August 23, 2024, Manesh Dadlani, VP, Controller and PAO of Tapestry, Inc., disposed of 636 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $41.66 per share.
- Following the transaction, Dadlani directly owns 40,284 shares of Tapestry, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of stock disposal transaction |
| 08/26/2024 | Date of Form 4 filing |
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