Tapestry grants Howard 3,100 RSUs, 8,320 options
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Form Type
4
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported equity compensation changes for Chief Legal Officer and Secretary David E. Howard. On August 17, 2026, he received 3,100 shares of common stock in the form of unvested restricted stock units under the Stock Incentive Plan, vesting in four equal tranches each August 17 from 2027 through 2030. He also received a grant of 8,320 stock options exercisable at $129.02 per share, which vest in four equal annual installments over the same 2027–2030 schedule and expire on August 17, 2036. On August 18, 2026, 488 shares of common stock were withheld at $132.26 per share to pay taxes related to the vesting of restricted stock units.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Howard David E
Role
Chief Legal Officer, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 488 | $132.26 | $65K |
| Grant/Award | Stock Option F3, F4, F5 | 8,320 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 3,100 | $129.02 | $400K |
Holdings After Transaction:
Stock Option — 8,320 contracts (Direct);
Common Stock — 33,500 shares (Direct)
Footnotes (5)
- F1. 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 17, 2027, the second on August 17, 2028, the third on August 17, 2029 and the fourth on August 17, 2030.
- F2. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
- F3. These securities were issued under the Issuer's Stock Incentive Plan.
- F4. These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
- F5. 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 17, 2027, the second on August 17, 2028, the third on August 17, 2029 and the fourth on August 17, 2030.
Key Figures
Restricted stock units granted: 3,100 shares
Stock options granted: 8,320 options
Option exercise price: $129.02 per share
+5 more
8 metrics
Restricted stock units granted
3,100 shares
Unvested RSUs of common stock granted on August 17, 2026 under Stock Incentive Plan
Stock options granted
8,320 options
Service-based stock options granted on August 17, 2026 under Stock Incentive Plan
Option exercise price
$129.02 per share
Conversion or exercise price for 8,320 stock options granted August 17, 2026
Option expiration date
August 17, 2036
Expiration date of the 8,320 stock options granted to David E. Howard
RSU vesting tranches
4 tranches
RSUs vest in four equal annual installments 2027–2030 starting August 17, 2027
Shares withheld for taxes
488 shares
Common stock withheld on August 18, 2026 to pay RSU-related tax liability
Tax withholding share price
$132.26 per share
Price used for 488 shares withheld to pay taxes on RSU vesting
Options underlying shares
8,320 shares
Options convert on a 1-for-1 basis into common stock per footnote
Key Terms
restricted stock units, Stock Incentive Plan, service-based securities, 1-for-1 basis, +1 more
5 terms
restricted stock units financial
"These securities were acquired in the form of unvested restricted stock units issued"
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.
Stock Incentive Plan financial
"These securities were acquired in the form of unvested restricted stock units issued under the Issuer's Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
service-based securities financial
"These service-based securities vest in four equal installments on the first, second"
1-for-1 basis financial
"These securities will convert on a 1-for-1 basis into shares of the issuer's common"
tax liability financial
"These shares were withheld to pay the taxes in connection with the vesting of restricted stock units."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did TPR grant to David E. Howard in this Form 4?
Tapestry (TPR) granted David E. Howard 3,100 restricted stock units and 8,320 stock options. Both awards were issued under the company’s Stock Incentive Plan and are structured to vest in four equal annual installments beginning in 2027 and ending in 2030.
What is the exercise price and term of David E. Howard’s new TPR stock options?
The new stock options reported for David E. Howard have an exercise price of $129.02 per share. The options vest in four equal annual installments from 2027–2030 and have an expiration date of August 17, 2036, providing a ten-year term from grant.
What is the vesting schedule for David E. Howard’s new TPR restricted stock units?
David E. Howard’s 3,100 restricted stock units vest in four equal tranches over four years. The vesting dates are August 17, 2027, August 17, 2028, August 17, 2029, and August 17, 2030, subject to continued service conditions as described.
How do David E. Howard’s new TPR stock options convert into common stock?
The newly granted stock options for David E. Howard convert into Tapestry (TPR) common stock on a 1-for-1 basis. Each option, once vested and exercised at the $129.02 exercise price, yields one share of TPR common stock, according to the filing footnote.
Were David E. Howard’s TPR equity transactions part of a Rule 10b5-1 plan?
The Form 4 for Tapestry (TPR) shows the Rule 10b5-1 checkbox as not selected. The filing and footnotes describe routine equity grants and tax withholding, without indicating that these transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
