TPR Insider Filing: 3,753 RSUs Granted, 10,205 Options Issued; 1,388 Shares Withheld
Rhea-AI Filing Summary
Tapestry insider equity activity: Howard David E, listed as General Counsel & Secretary, acquired 3,753 shares as unvested restricted stock units (RSUs) on 08/18/2025 at a reported value of $99.91 per share. Those RSUs vest in four equal annual tranches beginning 08/18/2026 through 08/18/2029. On 08/19/2025, 1,388 shares were withheld to satisfy tax withholding related to RSU vesting, reducing reported beneficial ownership.
The filing also reports a grant of 10,205 service-based stock options exercisable from 08/18/2026 with an exercise price tied to $99.91 and an expiration in 2035. Following these transactions, the reporting person beneficially owned 41,243 shares.
Positive
- Grant of unvested RSUs totaling 3,753 shares aligns executive compensation with multi-year retention through 2029
- Issuance of 10,205 stock options with exercise price tied to $99.91 and long expiration to 2035 supports long-term incentive alignment
Negative
- 1,388 shares withheld to satisfy taxes, reducing immediate beneficial ownership
- Reported beneficial ownership declined to 41,243 shares after withholding (from 42,631 prior to tax withholding)
Insights
TL;DR: Routine executive equity grant and tax withholding; modest change in ownership, primarily compensation-related.
The Form 4 documents a standard equity compensation event: an RSU grant of 3,753 shares and issuance of 10,205 stock options, with scheduled annual vesting and a long-dated expiration to 2035. The withholding of 1,388 shares for taxes is an administrative outcome of vesting. The transactions do not indicate change in strategic control or debt/equity financing; they are consistent with executive compensation practices and only modestly alter beneficial ownership (reported 41,243 shares after transactions).
TL;DR: Governance-normal equity award; vesting schedule aligns executive incentives with multi-year retention.
The award is service-based with four-year pro-rata vesting, a common retention mechanism. The combination of RSUs and long-dated options aligns the officer’s interests with long-term shareholder value while spreading tax impact via share withholding. No departures, policy changes, or related-party transactions are disclosed. Documentation includes a power of attorney signature, indicating proper administrative filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,388 | $97.92 | $136K |
| Grant/Award | Stock Option | 10,205 | $0.00 | -- |
| Grant/Award | Common Stock | 3,753 | $99.91 | $375K |
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.
