Tapestry (TPR) Form 4: Performance RSUs Vest, Insider Share Sales Reported
Rhea-AI Filing Summary
Scott A. Roe, CFO and COO of Tapestry, Inc. (TPR), reported multiple transactions on August 21–22, 2025. On 08/21/2025 he disposed of 3,255 common shares at $98.39, leaving 85,507 shares beneficially owned. On 08/22/2025 47,610 performance restricted stock units vested and were acquired at a reported value of $35.41, increasing holdings to 133,117. Also on 08/22/2025 he disposed of 2,782 and 26,329 shares at $99.66; after those disposals his beneficial ownership is reported as 104,006 shares. The Form 4 notes tax-withholdings associated with the vesting events and confirms that the performance RSUs were certified and vested in full, including accumulated dividends.
Positive
- 47,610 performance RSUs vested in full, indicating performance measures were certified and met
- Dividends on the award were included when the performance RSUs vested
Negative
- Insider disposed of shares totaling 32,366 on 08/21–08/22/2025, reducing beneficial ownership from interim highs
- Some shares were withheld to pay taxes, which reduced net received shares from the vesting
Insights
TL;DR: Insider received a large vesting of performance RSUs while selling portions of stock to cover taxes, net holdings increased overall.
These filings show a significant vesting event: 47,610 performance RSUs vested and were reported as acquired at $35.41, and dividends since grant were included. Offsetting sales on 08/21 and 08/22 were primarily withholding-related per the explanations, which is common when awards vest. The sequence left the reporting person with 104,006 shares after the reported transactions. This is a routine compensation-driven filing rather than a market-timing trade; it updates outstanding insider ownership and dilution from award vesting.
TL;DR: Transaction pattern is consistent with compensation vesting and tax-withholding; no governance red flags in the filing.
The Form 4 discloses certification and full vesting of performance RSUs awarded on 08/22/2022 and confirms that some shares were withheld to satisfy tax obligations. The report was executed by an authorized corporate officer under power of attorney. There are no indications in this filing of unusual trading or undisclosed arrangements; it documents standard executive equity compensation mechanics.