[Form 4] Tapestry, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Joanne C. Crevoiserat, CEO of Tapestry, Inc. (TPR), reported equity award and withholding transactions. On 08/18/2025 she was granted 75,068 unvested restricted stock units that vest in full on 08/18/2028 and 27,525 unvested restricted stock units that vest in four equal annual tranches starting 08/18/2026. The grants convert 1-for-1 into common shares. On 08/19/2025, 5,718 shares were withheld to cover taxes related to vesting. After the reported transactions she beneficially owned 566,895 shares. A separate option grant converted to 74,836 underlying shares exercisable beginning 08/18/2026 and expiring 08/18/2035.
Positive
- None.
Negative
- None.
Insights
TL;DR: CEO received time-based RSUs and an option-like award; tax withholding reduced immediate share count.
The filing documents standard executive compensation events: large time-based restricted stock unit grants and a related withholding for taxes. The RSU schedules (one cliff in 2028 and one in four annual tranches beginning 2026) align with multi-year retention incentives. The reported beneficial ownership of 566,895 shares post-transactions provides a baseline for assessing future dilution and governance voting power.
TL;DR: Material insider grants disclosed; no sales or outside-party transfers reported.
The transactions are acquisitions (codes A/F) and a tax-withholding disposition, not open-market sales. The grant prices shown ($99.91 and conversion 1-for-1) are administrative and reflect award mechanics rather than buy/sell activity. Investors can view this as routine executive compensation disclosure rather than liquidity events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,718 | $97.92 | $560K |
| Grant/Award | Stock Option | 74,836 | $0.00 | -- |
| Grant/Award | Common Stock | 75,068 | $99.91 | $7.50M |
| Grant/Award | Common Stock | 27,525 | $99.91 | $2.75M |
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 full on August 18, 2028. 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.