Tapestry (NYSE: TPR) details CEO equity grants and RSU tax withholding
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported equity compensation and related tax withholding transactions by Chief Executive Officer Joanne C. Crevoiserat. On August 17, 2026, she received 23,252 shares of common stock in the form of unvested restricted stock units under the company’s Stock Incentive Plan, at a reference price of $129.02 per share. These RSUs vest in four equal annual tranches on August 17 of 2027, 2028, 2029 and 2030.
On the same date, she was granted a stock option for 61,728 shares of common stock at an exercise price of $129.02 per share, converting on a 1-for-1 basis into common stock, vesting in four equal installments on the same 2027–2030 schedule, and expiring on August 17, 2036. On August 18, 2026, 3,557 shares of common stock were withheld at $132.26 per share to pay taxes due upon the vesting of restricted stock units.
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Insights
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Insider Trade Summary
Net Buyer: 19,695 shares
Net Buy
3 txns
Insider
Crevoiserat Joanne C.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 3,557 | $132.26 | $470K |
| Grant/Award | Stock Option F3, F4, F5 | 61,728 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 23,252 | $129.02 | $3.00M |
Holdings After Transaction:
Stock Option — 61,728 shares (Direct);
Common Stock — 634,361 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
RSUs granted: 23,252 shares
Stock options granted: 61,728 shares
Option exercise price: $129.02 per share
+4 more
7 metrics
RSUs granted
23,252 shares
Unvested restricted stock units of common stock granted August 17, 2026
Stock options granted
61,728 shares
Stock option for common stock granted August 17, 2026
Option exercise price
$129.02 per share
Exercise price for 61,728-share stock option expiring August 17, 2036
Option expiration
August 17, 2036
Expiration date of the 61,728-share stock option grant
Tax-withheld shares
3,557 shares
Common shares withheld August 18, 2026 to pay RSU vesting taxes
Tax withholding price
$132.26 per share
Per-share value used for 3,557 shares withheld for tax payment
RSU vesting period
2027–2030
Four equal annual tranches on August 17, 2027–2030 for 23,252 RSUs
Key Terms
restricted stock units, Stock Incentive Plan, service-based securities, 1-for-1 basis
4 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"
FAQ
What equity awards did TPR grant to CEO Joanne C. Crevoiserat?
Joanne C. Crevoiserat received 23,252 unvested restricted stock units and a stock option for 61,728 shares of TAPESTRY, INC. common stock. Both awards were issued under the company’s Stock Incentive Plan as part of her executive equity compensation.
What is the exercise price and term of the new stock options reported for TPR’s CEO?
The new stock option covers 61,728 shares at an exercise price of $129.02 per share, expiring on August 17, 2036. The option converts on a 1-for-1 basis into common stock upon exercise, subject to the stated vesting schedule.
How do the new restricted stock units for TPR’s CEO vest over time?
The 23,252 restricted stock units vest in four equal tranches on August 17 of 2027, 2028, 2029 and 2030. These are unvested RSUs issued under TAPESTRY, INC.’s Stock Incentive Plan and represent service-based compensation.
Are the new TPR stock options for the CEO service-based awards?
Yes. The 61,728-share stock option is described as service-based securities that vest in four equal installments on August 17 of 2027, 2028, 2029 and 2030, aligning vesting with continued service to TAPESTRY, INC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
