Tapestry (NYSE: TPR) controller offloads 282 shares for taxes
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported an amended insider transaction by officer Manesh Dadlani, VP, Controller and PAO. On 2026-08-18, 282 shares of common stock were disposed of to cover tax withholding related to the vesting of restricted stock units, and to correct an administrative error in prior tax withholdings. Following this tax-withholding disposition, Dadlani directly holds 19,034 shares of Tapestry common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 282 shares
Net Sell
1 txn
Insider
Dadlani Manesh
Role
VP, Controller and PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 282 | $132.26 | $37K |
Holdings After Transaction:
Common Stock — 19,034 shares (Direct)
Footnotes (1)
- F1. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units. These shares were adjusted to reflect an administrative error in tax withholdings.
Key Figures
Shares disposed for tax withholding: 282 shares
Transaction price per share: $132.26 per share
Shares owned after transaction: 19,034 shares
3 metrics
Shares disposed for tax withholding
282 shares
Common stock withheld on 2026-08-18 to pay taxes on RSU vesting and correct an administrative error
Transaction price per share
$132.26 per share
Value used for the 282-share tax-withholding disposition
Shares owned after transaction
19,034 shares
Direct ownership of TPR common stock by Manesh Dadlani following the reported transaction
Key Terms
restricted stock units, withheld to pay the taxes, administrative error in tax withholdings
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units. These shares were"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld to pay the taxes financial
"These shares were withheld to pay the taxes in connection with"
administrative error in tax withholdings financial
"These shares were adjusted to reflect an administrative error in tax withholdings."
FAQ
What insider transaction did TPR report for Manesh Dadlani on August 18, 2026?
TPR reported that 282 shares of common stock were disposed of for tax withholding related to the vesting of restricted stock units, and to adjust for an administrative error in prior tax withholdings.
Was the TPR Form 4/A transaction by Manesh Dadlani part of a Rule 10b5-1 plan?
No. The filing indicates the Rule 10b5-1 checkbox is not selected, so the reported tax-withholding transaction was not affirmed as executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.