TPR Form 4: Kulikowsky Receives RSUs, Withholds 758 Shares for Taxes
Rhea-AI Filing Summary
Denise Kulikowsky, Chief People Officer at Tapestry, Inc. (TPR), received equity awards and completed a tax-withholding share disposition. On 08/18/2025 she was granted 3,128 restricted stock units (RSUs) and 8,504 stock options (exercise price $99.91) under the companys Stock Incentive Plan. The RSUs vest in four equal annual tranches beginning August 18, 2026 through August 18, 2029, and the options are exercisable beginning August 18, 2026 with an expiration of August 18, 2035. On 08/19/2025 she had 758 shares withheld to satisfy taxes on vested RSUs. After these reported transactions she beneficially owned 19,714 shares of common stock and 8,504 options.
Positive
- Grant of long-term incentives: 3,128 RSUs and 8,504 stock options provide multi-year alignment with shareholder interests
- Clear vesting schedule: RSUs vest in four equal annual tranches (Aug 18, 2026Aug 18, 2029), supporting retention
Negative
- Immediate reduction in reported common shares: 758 shares were withheld to satisfy taxes, lowering beneficial ownership to 19,714 shares
Insights
TL;DR: Standard executive equity grant with multi-year vesting aligns retention incentives; tax withholding reduced immediate share count.
The grant of 3,128 RSUs with four-year annual vesting and 8,504 options exercisable from 2026 is a routine long-term incentive structure to retain senior talent and align management with shareholder value creation. The withholding of 758 shares to cover tax obligations is an administrative disposition that reduced her reported beneficial common shares from 20,472 to 19,714. The option exercise price of $99.91 sets a performance threshold relative to market at grant.
TL;DR: Disclosure is complete and compliant; timing and vesting terms are typical and non-controversial.
The Form 4 discloses grant, vesting schedule, and tax withholding consistent with Section 16 reporting requirements. Vesting over four equal tranches is common for service-based awards. No accelerated vesting, sales to third parties, or large immediate dispositions are reported, indicating no unusual governance issues disclosed in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 758 | $97.92 | $74K |
| Grant/Award | Stock Option | 8,504 | $0.00 | -- |
| Grant/Award | Common Stock | 3,128 | $99.91 | $313K |
Footnotes (1)
- 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 18, 2026, the second on August 18, 2027, the third on August 18, 2028 and the fourth on August 18, 2029. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units. These securities were issued under the Issuer's Stock Incentive Plan. These securities will convert on a 1-for-1 basis into shares of the issuer's common stock. 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 18, 2026, the second on August 18, 2027, the third on August 18, 2028 and the fourth on August 18, 2029.
