Tapestry (NYSE: TPR) officer covers RSU taxes with 2,075 shares
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported that officer Manesh Dadlani, VP, Controller and PAO, had shares of common stock withheld on August 21, 2026 in connection with the vesting of restricted stock units. A total of 2,075 shares of common stock were disposed of at $130.17 per share to pay related tax liabilities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,075 shares
Net Sell
2 txns
Insider
Dadlani Manesh
Role
VP, Controller and PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 976 | $130.17 | $127K |
| Tax Withholding | Common Stock F1 | 1,099 | $130.17 | $143K |
Holdings After Transaction:
Common Stock — 16,061 shares (Direct)
Footnotes (1)
- F1. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
Key Figures
Shares withheld for taxes (first transaction): 976 shares
Shares withheld for taxes (second transaction): 1,099 shares
Total shares withheld for taxes: 2,075 shares
+1 more
4 metrics
Shares withheld for taxes (first transaction)
976 shares
Common Stock disposed of on August 21, 2026 for tax withholding
Shares withheld for taxes (second transaction)
1,099 shares
Common Stock disposed of on August 21, 2026 for tax withholding
Total shares withheld for taxes
2,075 shares
Sum of two code F transactions to pay tax liability
Price per share
$130.17 per share
Applied to both tax-withholding transactions on August 21, 2026
Key Terms
restricted stock units, tax-withholding disposition, Payment of tax liability by delivering or withholding securities
3 terms
restricted stock units financial
"vesting of restricted stock units"
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.
tax-withholding disposition financial
"transaction_action is tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description Payment of tax liability by delivering"
FAQ
What insider transaction did TPR report for Manesh Dadlani on August 21, 2026?
TAPESTRY, INC. reported that 2,075 shares of common stock held by officer Manesh Dadlani were disposed of on August 21, 2026 through share withholding to pay taxes related to the vesting of restricted stock units at $130.17 per share.
Was the TPR Form 4 transaction a market sale or tax withholding?
The Form 4 for TAPESTRY, INC. shows a tax-withholding disposition. The filing states the shares were withheld to pay taxes in connection with the vesting of restricted stock units, using transaction code F for payment of tax liability by delivering or withholding securities.
Does the TPR Form 4 indicate a Rule 10b5-1 trading plan for these transactions?
No. The Form 4 data indicates the Rule 10b5-1 checkbox is not affirmed for these transactions. The transactions are characterized as tax-withholding dispositions tied to the vesting of restricted stock units, rather than sales under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.