Tapestry (NYSE: TPR) CFO exercises stock options, sells shares and makes 15,000-share gift
Rhea-AI Filing Summary
Tapestry, Inc. reported insider transactions by CFO and COO Scott A. Roe. On February 10, 2026, he exercised stock options for 57,541 and 31,095 shares of common stock at exercise prices of $44.97 and $40.58 per share. He then executed multiple open-market sales of common stock at prices between $152.60 and $152.64 per share, and additional shares were disposed of to cover exercise costs, taxes, and fees. On February 11, 2026, he made a bona fide charitable gift of 15,000 shares with no compensation received. After these transactions, he directly owned 79,782 shares of Tapestry common stock.
Positive
- None.
Negative
- None.
Insights
Routine option exercises, sales, tax withholdings, and a charitable gift by Tapestry’s CFO/COO.
The filing shows Scott A. Roe, Tapestry’s CFO and COO, exercising stock options for 57,541 and 31,095 shares on February 10, 2026. These option exercises converted derivative awards into common stock at exercise prices of $44.97 and $40.58 per share.
He then conducted several open‑market sales of common stock at prices between $152.60 and $152.64 per share, along with share dispositions coded "F" to satisfy the cost of exercising and the related taxes and fees, as disclosed in the footnote. This pattern is consistent with compensatory equity being monetized and taxes settled in shares.
On February 11, 2026, Roe transferred 15,000 shares in a transaction coded "G", described as a bona fide charitable gift for which he received no compensation. After all reported transactions, his direct ownership stood at 79,782 common shares. Overall, these appear as standard executive equity management activities rather than a strategic shift, so the assessment is neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 15,000 | $0.00 | -- |
| Exercise | Stock Option | 57,541 | $0.00 | -- |
| Exercise | Stock Option | 31,095 | $0.00 | -- |
| Exercise | Common Stock | 57,541 | $44.97 | $2.59M |
| Exercise | Common Stock | 31,095 | $40.58 | $1.26M |
| Sale | Common Stock | 10,198 | $152.60 | $1.56M |
| Sale | Common Stock | 15,000 | $152.61 | $2.29M |
| Sale | Common Stock | 19,092 | $152.64 | $2.91M |
| Tax Withholding | Common Stock | 20,897 | $152.60 | $3.19M |
| Tax Withholding | Common Stock | 38,449 | $152.64 | $5.87M |
Footnotes (1)
- These shares were sold to pay for the cost of, and the taxes and fees associated with, the exercise of the derivative securities described above. Bona fide charitable gift. No compensation was given to Mr. Roe for the gifting of shares.