Tapestry CEO granted 31,397 stock options
Amended Form 4 for TPR details a corrected grant of 31,397 service-based stock options to the company’s CEO with four-year vesting.
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported that CEO and Brand President, Coach, Todd Kahn received a grant of 31,397 stock options under the company’s Stock Incentive Plan. The options have an exercise price of $129.02 per share and are exercisable for common stock on a 1‑for‑1 basis.
The filing states that the number of options was adjusted to correct a calculation error in a previously filed Form 4. These service-based options vest in four equal installments on August 17, 2027, 2028, 2029, and 2030, and expire on August 17, 2036. No Rule 10b5‑1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 31,397 shares
Grant/Award
1 txn
Insider
Kahn Todd
Role
CEO and Brand President, Coach
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1, F2, F3, F4 | 31,397 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 31,397 contracts (Direct)
Footnotes (4)
- F1. These securities were issued under the Issuer's Stock Incentive Plan.
- F2. These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
- F3. The number of stock options were adjusted to correct a calculation error in a previously timely filed Form 4.
- F4. These service-based securities vest in four equal installments on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 17, 2027, the second on August 17, 2028, the third on August 17, 2029 and the fourth on August 17, 2030.
Key Figures
Stock options granted: 31,397 options
Exercise price: $129.02 per share
Underlying common shares: 31,397 shares
+3 more
6 metrics
Stock options granted
31,397 options
Grant to Todd Kahn reported on Form 4/A
Exercise price
$129.02 per share
Exercise price for the granted stock options
Underlying common shares
31,397 shares
Each option converts into one share of common stock
Vesting installments
4 equal tranches
Service-based vesting over four anniversaries starting August 17, 2027
Option expiration date
August 17, 2036
Expiration for the granted stock options
Post-transaction derivative holdings
31,397 options
Total stock options held directly after the grant and adjustment
Key Terms
Stock Option, Stock Incentive Plan, service-based securities, vest
4 terms
Stock Option financial
"The filing reports a grant of Stock Option to the reporting person"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Stock Incentive Plan financial
"These securities were issued under the Issuer's Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
service-based securities financial
"These service-based securities vest in four equal installments"
vest financial
"These service-based securities vest in four equal installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did TPR report for CEO Todd Kahn on this Form 4/A?
TAPESTRY, INC. reported that CEO Todd Kahn received a grant of 31,397 stock options. The options were issued under the company’s Stock Incentive Plan and represent a compensation-related acquisition, not an open-market purchase or sale.
What is the exercise price and underlying security for Todd Kahn’s TPR options?
The reported stock options for Todd Kahn have an exercise price of $129.02 per share and are exercisable into common stock on a 1‑for‑1 basis, meaning each option can convert into one share of TAPESTRY, INC. common stock.
How many TPR stock options does Todd Kahn hold after this transaction?
After the reported grant and adjustment, Todd Kahn holds 31,397 stock options as shown in the filing’s post-transaction holdings figure for this derivative position, all held as direct ownership.
How do the TPR stock options granted to Todd Kahn vest over time?
The service-based options vest in four equal installments: on August 17, 2027; August 17, 2028; August 17, 2029; and August 17, 2030. Each vesting date covers one-quarter of the total 31,397 options, assuming continued service.
Are Todd Kahn’s TPR transactions reported under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5‑1 checkbox is not marked as affirming a trading plan, and no footnote describes a Rule 10b5‑1 or similar pre-arranged trading arrangement for this grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
