Tapestry (NYSE: TPR) CEO uses shares to cover RSU taxes
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported an insider equity-related tax transaction by CEO and Brand President, Coach, Todd Kahn. On 2026-08-19, 1,955 shares of common stock were disposed of to satisfy tax withholding associated with the vesting of restricted stock units, at a reference price of $131.72 per share. Following this tax-withholding disposition, Kahn directly holds 94,230 shares of TAPESTRY common stock.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 1,955 shares
Net Sell
1 txn
Insider
Kahn Todd
Role
CEO and Brand President, Coach
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,955 | $131.72 | $258K |
Holdings After Transaction:
Common Stock — 94,230 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: 1,955 shares
Reference price per share: $131.72 per share
Shares owned after transaction: 94,230 shares
3 metrics
Shares withheld for taxes
1,955 shares
Common Stock, tax-withholding disposition on 2026-08-19 for RSU vesting
Reference price per share
$131.72 per share
Value used for the 1,955-share tax-withholding disposition
Shares owned after transaction
94,230 shares
Directly held by Todd Kahn following the 2026-08-19 transaction
Key Terms
restricted stock units, withheld to pay the taxes, Payment of tax liability by delivering or withholding securities
3 terms
restricted stock units financial
"taxes in connection with the 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.
withheld to pay the taxes financial
"These shares were withheld to pay the taxes in connection"
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of tax liability by delivering"
FAQ
What insider transaction did TAPESTRY, INC. (TPR) report for Todd Kahn?
TAPESTRY reported that Todd Kahn had 1,955 shares of common stock withheld on 2026-08-19 to pay taxes upon vesting of restricted stock units, at a reference price of $131.72 per share.
Was the TAPESTRY (TPR) Form 4 transaction an open-market sale?
No. The 1,955 shares reported on the Form 4 were withheld to pay taxes related to the vesting of restricted stock units, not sold in an open-market transaction.
What does transaction code F mean in the TAPESTRY (TPR) Form 4?
Transaction code F indicates shares were used for payment of tax liability or exercise price. Here, the footnote states the 1,955 shares were withheld specifically to pay taxes on vesting restricted stock units.
Did the TAPESTRY (TPR) Form 4 indicate any Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and the footnotes describe only tax withholding in connection with restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.