Form 4: Tapestry Inc. Executive Manesh Dadlani Sells 2,500 Shares
SEC Form 4 Filing
Manesh Dadlani, VP, Controller and PAO of Tapestry Inc., sold 2,500 shares of common stock at an average price of $42.23 on May 24, 2024.
Summary
- On May 24, 2024, Manesh Dadlani, VP, Controller and PAO of Tapestry Inc., sold 2,500 shares of common stock.
- The shares were sold at a price of $42.23 per share.
- Following the transaction, Dadlani directly owns 37,173 shares of Tapestry Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't inherently indicate positive or negative outlook for the company.
Negatives
- An executive selling shares could be perceived negatively by investors.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by an executive could cause concern among shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of transaction: Manesh Dadlani sold 2,500 shares of Tapestry Inc. common stock. |
| 05/28/2024 | Date of report filing. |
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