Form 4: Tapestry Inc. Executive Todd Kahn Reports Stock Disposals to Cover Tax Obligations

Todd Kahn, CEO and Brand President of Coach at Tapestry Inc., reported disposing of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On August 21, 2024, Todd Kahn disposed of 2,029 shares of Tapestry Inc. common stock at a price of $41.15.
• On August 22, 2024, Kahn disposed of an additional 1,667 shares at $40.17.
• These disposals were to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Kahn directly owns 225,900 shares of Tapestry Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates