STOCK TITAN

Tapestry (NYSE: TPR) CLO uses 17,730 shares to cover taxes

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(Neutral)
Form Type
4

Rhea-AI Filing Summary

TAPESTRY, INC. (TPR) reported equity compensation activity for Chief Legal Officer and Secretary David E. Howard. On August 21, 2026, he acquired 27,619 shares of Common Stock upon full vesting of performance restricted stock units granted on August 21, 2023, which included accumulated dividends. On the same date, a total of 17,730 shares of Common Stock were withheld at $130.17 per share to pay taxes in connection with the vesting of restricted stock units and performance restricted stock units.

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Insider Howard David E
Role Chief Legal Officer, Secretary
Type Security Shares Price Value
Grant/Award Common Stock F1 27,619 $33.81 $934K
Tax Withholding Common Stock F2 1,601 $130.17 $208K
Tax Withholding Common Stock F2 2,029 $130.17 $264K
Tax Withholding Common Stock F3 14,100 $130.17 $1.84M
Holdings After Transaction: Common Stock — 38,505 shares (Direct)
Footnotes (3)
  1. F1. These securities represent performance restricted stock units for which performance measures were certified and vested in full on August 21, 2026. These securities include all dividends accumulated since the granting of the award on August 21, 2023.
  2. F2. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
  3. F3. These shares were withheld to pay the taxes in connection with the vesting of performance restricted stock units.
Performance restricted stock units vested into Common Stock 27,619 shares Vested in full on August 21, 2026, including accumulated dividends
Award price per share $33.81 per share Grant, award, or other acquisition of 27,619 Common Stock shares
Shares withheld for taxes (RSUs and PRSUs) 17,730 shares Withheld on August 21, 2026 to pay taxes on vesting of RSUs and PRSUs
Tax withholding price per share $130.17 per share Applied to 17,730 shares withheld for tax obligations
Original PRSU grant date August 21, 2023 Grant date for performance restricted stock units that vested on August 21, 2026
performance restricted stock units financial
"These securities represent performance restricted stock units for which performance measures were certified"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
restricted stock units financial
"These shares were withheld to pay the 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 with the vesting"
tax liability financial
"Payment of tax liability by delivering or withholding securities"

FAQ

What did TPR disclose about David E. Howard’s equity award on August 21, 2026?

TPR disclosed that David E. Howard received 27,619 shares of Common Stock upon full vesting of performance restricted stock units on August 21, 2026, originally granted on August 21, 2023, including all accumulated dividends.

How many TPR shares were withheld for taxes from David E. Howard’s vesting?

A total of 17,730 shares of TPR Common Stock were withheld on August 21, 2026 to pay taxes related to the vesting of restricted stock units and performance restricted stock units.

What prices are associated with David E. Howard’s Form 4 transactions in TPR?

The equity award for 27,619 shares is reported at $33.81 per share. Shares withheld for taxes, totaling 17,730 shares, are reported at $130.17 per share in connection with the vesting of restricted stock units and performance restricted stock units.

What type of award vested for David E. Howard at TPR?

The award was performance restricted stock units. Performance measures were certified and the units vested in full on August 21, 2026, with the resulting shares including all dividends accumulated since the grant date of August 21, 2023.

Were David E. Howard’s TPR transactions made under a Rule 10b5-1 plan?

The filing indicates the Rule 10b5-1 plan checkbox is not affirmatively marked for these transactions, and the footnotes describe the events as vesting and tax withholding related to restricted stock units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Howard David E

(Last)(First)(Middle)
10 HUDSON YARDS

(Street)
NEW YORK NEW YORK 10001

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
TAPESTRY, INC. [ TPR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer, Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock(1)08/21/2026A27,619A$33.8156,235D
Common Stock(2)08/21/2026F1,601D$130.1754,634D
Common Stock(2)08/21/2026F2,029D$130.1752,605D
Common Stock(3)08/21/2026F14,100D$130.1738,505D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These securities represent performance restricted stock units for which performance measures were certified and vested in full on August 21, 2026. These securities include all dividends accumulated since the granting of the award on August 21, 2023.
2. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
3. These shares were withheld to pay the taxes in connection with the vesting of performance restricted stock units.
/s/ Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney filed with the Commission08/25/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)