Tapestry (NYSE: TPR) hands CFO 4-year RSUs and options grant
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported equity compensation changes for CFO and COO Scott A. Roe. On August 17, 2026, he received 7,751 shares of common stock as unvested restricted stock units under the Stock Incentive Plan, vesting in four equal annual tranches from August 17, 2027 through August 17, 2030. He was also granted a stock option for 20,576 shares at an exercise price of $129.02 per share, vesting on the same four-year schedule and convertible into common stock on a 1-for-1 basis. On August 18, 2026, 1,402 shares of common stock were withheld at $132.26 per share to pay taxes related to the vesting of restricted stock units.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 6,349 shares
Net Buy
3 txns
Insider
Roe Scott A.
Role
CFO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 1,402 | $132.26 | $185K |
| Grant/Award | Stock Option F3, F4, F5 | 20,576 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 7,751 | $129.02 | $1.00M |
Holdings After Transaction:
Stock Option — 20,576 shares (Direct);
Common Stock — 71,585 shares (Direct)
Footnotes (5)
- F1. These securities were acquired in the form of unvested restricted stock units issued under the Issuer's Stock Incentive Plan. These securities will vest in four equal tranches 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.
- F2. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
- F3. These securities were issued under the Issuer's Stock Incentive Plan.
- F4. These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
- F5. 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
RSUs granted: 7,751 shares
Stock options granted: 20,576 shares
Option exercise price: $129.02 per share
+5 more
8 metrics
RSUs granted
7,751 shares
Unvested restricted stock units of common stock granted August 17, 2026
Stock options granted
20,576 shares
Stock option award granted August 17, 2026
Option exercise price
$129.02 per share
Conversion or exercise price for 20,576 stock options
Option expiration
2036-08-17
Expiration date of the 20,576-share stock option grant
Shares withheld for taxes
1,402 shares
Common stock withheld August 18, 2026 to pay tax on RSU vesting
Tax withholding price
$132.26 per share
Per-share value used for 1,402 shares withheld for taxes
RSU vesting schedule
2027-08-17 to 2030-08-17
Four equal annual tranches of RSU vesting
Option vesting schedule
2027-08-17 to 2030-08-17
Four equal annual installments of option vesting
Key Terms
restricted stock units, Stock Incentive Plan, service-based securities, 1-for-1 basis, +1 more
5 terms
restricted stock units financial
"These securities were acquired in the form of unvested restricted stock units issued"
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.
Stock Incentive Plan financial
"unvested restricted stock units 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 on the first"
1-for-1 basis financial
"These securities will convert on a 1-for-1 basis into shares"
withheld to pay the taxes financial
"These shares were withheld to pay the taxes in connection with the vesting"
FAQ
What new equity awards did TPR grant to CFO and COO Scott A. Roe?
TPR granted Scott A. Roe 7,751 restricted stock units and a stock option for 20,576 shares at $129.02 per share, both vesting in four equal annual installments from 2027 through 2030.
How do the new stock options for TPR’s CFO and COO vest and convert?
The 20,576 stock options vest in four equal annual installments starting August 17, 2027, through 2030, and each option will convert on a 1-for-1 basis into a share of TAPESTRY, INC. common stock upon exercise.
What restricted stock units did TPR award to Scott A. Roe and when do they vest?
Scott A. Roe received 7,751 restricted stock units that vest in four equal tranches on August 17 of each year from 2027 through 2030, under TAPESTRY, INC.’s Stock Incentive Plan.
Were the transactions in this TPR Form 4 made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 plan checkbox was not selected, and no footnote states that these equity award or tax-withholding transactions were executed pursuant to a pre-arranged 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
