Form 4: Tapestry Inc. Executive Manesh Dadlani Reports Stock Transactions
SEC Form 4
Manesh Dadlani, VP, Controller and PAO of Tapestry Inc., reports multiple transactions involving common stock, including acquisitions through option exercises and sales to cover costs and taxes.
Summary
- Manesh Dadlani, a VP, Controller and PAO at Tapestry, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 12, 2025, Dadlani exercised stock options to acquire 3,065 shares at $41, 2,814 shares at $51.38, and 1,161 shares at $39.87.
- Also on May 12, 2025, Dadlani sold 266 shares at $81.85, 468 shares at $81.87, and 665 shares at $81.9.
- Additionally, on May 12, 2025, 895 shares were sold at $81.85, 2,346 shares were sold at $81.87, and 2,400 shares were sold at $81.9 to cover costs and taxes associated with the option exercises.
- On May 13, 2025, Dadlani exercised stock options to acquire 1,209 shares at $42.31.
- On May 13, 2025, Dadlani sold 269 shares at $84.42.
- Also on May 13, 2025, 940 shares were sold at $84.42 to cover costs and taxes associated with the option exercises.
- Following these transactions, Dadlani directly owns 35,281 shares of Tapestry, Inc. common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the executive's trading activity.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/16/2020 | Date stock options were exercisable |
| 08/17/2020 | Date stock options were exercisable |
| 08/23/2022 | Date stock options were exercisable |
| 08/11/2026 | Expiration date of stock options |
| 08/17/2027 | Expiration date of stock options |
| 08/16/2028 | Expiration date of stock options |
| 08/23/2031 | Expiration date of stock options |
| 05/12/2025 | Date of multiple stock option exercises and sales |
| 05/13/2025 | Date of stock option exercise and sale |
| 05/14/2025 | Date of signature |
Keywords
Form 4, beneficial ownership, stock options, Tapestry Inc., TPR, Manesh Dadlani, executive compensation, stock sale, stock acquisition
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