Tapestry CEO granted 62,794 stock options
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported that Chief Executive Officer Joanne C. Crevoiserat received a grant of 62,794 stock options under the company’s Stock Incentive Plan on August 17, 2026, each exercisable for one share of common stock at an exercise price of $129.02 per share.
The filing states the option amount was adjusted to correct a prior calculation error and now reflects 62,794 underlying shares, vesting in four equal service-based installments on August 17 of 2027, 2028, 2029 and 2030, with expiration on August 17, 2036.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 62,794 shares
Grant/Award
1 txn
Insider
Crevoiserat Joanne C.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1, F2, F3, F4 | 62,794 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 62,794 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: 62,794 options
Exercise price: $129.02 per share
Underlying common shares: 62,794 shares
+2 more
5 metrics
Stock options granted
62,794 options
Grant to CEO on August 17, 2026
Exercise price
$129.02 per share
Conversion or exercise price of the stock options
Underlying common shares
62,794 shares
Each option converts on a 1-for-1 basis into common stock
Vesting installments
4 equal installments
Service-based vesting on August 17 of 2027, 2028, 2029 and 2030
Expiration date
August 17, 2036
Option term end date for the grant
Key Terms
Stock Option, Stock Incentive Plan, service-based securities, 1-for-1 basis
4 terms
Stock Option financial
"The security reported is a Stock Option granted to the CEO"
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"
1-for-1 basis financial
"These securities will convert on a 1-for-1 basis into shares"
FAQ
What insider transaction did TPR report for CEO Joanne Crevoiserat?
The company reported a grant of 62,794 stock options to CEO Joanne C. Crevoiserat on August 17, 2026. The options convert on a 1-for-1 basis into common stock at an exercise price of $129.02 per share and were issued under the Stock Incentive Plan.
Why was this Form 4/A amendment filed for TPR?
The amendment states that the number of stock options was adjusted to correct a calculation error in a previously timely filed Form 4. The corrected grant now reflects 62,794 stock options tied to the CEO’s compensation.
What is the vesting schedule of the 62,794 TPR stock options?
These service-based stock options vest in four equal installments on the first, second, third and fourth anniversaries of the grant date: August 17, 2027, 2028, 2029 and 2030, subject to the service-based conditions described.
What is the exercise price and term of the CEO’s new TPR options?
The stock options are exercisable at an exercise price of $129.02 per share. They are scheduled to become exercisable beginning August 17, 2027, and have an expiration date of August 17, 2036, if not earlier exercised or forfeited per plan terms.
How many TPR derivative securities does the CEO hold after this transaction?
Following this grant, the filing reports that the CEO holds 62,794 stock options from this award. Each option is currently reported as a derivative security that converts into one share of Tapestry’s common stock upon exercise.
AI-generated analysis. How Rhea-AI works. Not financial advice.