Form 4: Tapestry Inc. Executive Manesh Dadlani Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Manesh Dadlani, VP, Controller and PAO of Tapestry Inc., reported disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 21, 2024, Manesh Dadlani, VP, Controller and PAO of Tapestry, Inc. disposed of 927 shares of common stock at a price of $41.15.
- On August 22, 2024, Dadlani disposed of 823 shares of common stock at a price of $40.17.
- These transactions were to cover taxes associated with the vesting of restricted stock units.
- Following these transactions, Dadlani directly owns 40,920 shares of Tapestry, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax obligations and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Disposal of 927 shares of common stock at $41.15. |
| 08/22/2024 | Disposal of 823 shares of common stock at $40.17. |
| 08/23/2024 | Date of signature for the Form 4 filing. |
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