Tapestry CLO granted 8,373 stock options
Tapestry’s chief legal officer received 8,373 corrected stock options vesting annually from 2027 to 2030 at a $129.02 exercise price.
Rhea-AI Filing Summary
TAPESTRY, INC. (symbol: TPR) is the issuer of record for a Form 4/A filing submitted to the SEC. Howard David E reported acquisition or exercise transactions in this Form 4 filing.
TAPESTRY, INC. (TPR) reports that Chief Legal Officer and Secretary David E. Howard received a grant of 8,373 stock options on August 17, 2026 under the company’s Stock Incentive Plan, each exercisable at $129.02 and convertible on a 1-for-1 basis into common stock. The options are service-based and vest in four equal annual installments on August 17 of 2027, 2028, 2029, and 2030, and expire on August 17, 2036. The number of options was adjusted to correct a calculation error reported in a previously filed Form 4, and no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 8,373 shares
Grant/Award
1 txn
Insider
Howard David E
Role
Chief Legal Officer, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1, F2, F3, F4 | 8,373 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 8,373 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: 8,373 options
Exercise price: $129.02 per share
Underlying shares per option: 1 share of common stock
+3 more
6 metrics
Stock options granted
8,373 options
Grant to Chief Legal Officer on August 17, 2026
Exercise price
$129.02 per share
Conversion or exercise price for the stock options
Underlying shares per option
1 share of common stock
1-for-1 conversion into TAPESTRY, INC. common stock
Vesting schedule
4 equal tranches 2027–2030
Annual vesting on August 17, 2027, 2028, 2029, 2030
Expiration date
August 17, 2036
Option expiration for the granted stock options
Post-transaction option holdings
8,373 options
Total stock options directly held after the reported grant
Key Terms
Stock Option, Stock Incentive Plan, service-based securities, vest
4 terms
Stock Option financial
"security title is reported as Stock Option for the derivative grant"
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
"The first tranch will vest on August 17, 2027"
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 did TPR disclose about David E. Howard’s new stock options?
TPR disclosed that Chief Legal Officer and Secretary David E. Howard was granted 8,373 stock options on August 17, 2026, under the company’s Stock Incentive Plan, each convertible into one share of common stock at an exercise price of $129.02, expiring August 17, 2036.
How do the new stock options for TPR’s executive vest?
The options are service-based securities that vest in four equal installments: the first tranche on August 17, 2027, and the remaining tranches on August 17, 2028, August 17, 2029, and August 17, 2030, provided the service conditions are satisfied.
What is the exercise price of the stock options granted by TPR to David E. Howard?
Each of David E. Howard’s stock options has an exercise price of $129.02 per underlying share of TAPESTRY, INC. common stock, with each option converting on a 1-for-1 basis into a share upon exercise, subject to vesting and other plan terms.
How many TPR stock options does David E. Howard hold after this transaction?
Following the reported grant and adjustment, David E. Howard holds 8,373 stock options directly, each representing the right to acquire one share of TAPESTRY, INC. common stock, as reflected in the post-transaction holdings field.
Were David E. Howard’s TPR option transactions under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that this option grant or adjustment was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
