Tapestry (NYSE: TPR) CEO gets 221K shares on vesting awards
Rhea-AI Filing Summary
TAPESTRY, INC. (TPR) reported equity compensation and related tax-withholding transactions for Chief Executive Officer Joanne C. Crevoiserat on August 21, 2026. She acquired 220,940 shares of common stock upon the vesting of performance restricted stock units, including accumulated dividends from an award originally granted on August 21, 2023. On the same date, a total of 128,903 shares of common stock were withheld and disposed of to pay taxes due upon the vesting of restricted stock units and performance restricted stock units.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 92,037 shares
Net Buy
4 txns
Insider
Crevoiserat Joanne C.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 220,940 | $33.81 | $7.47M |
| Tax Withholding | Common Stock F2 | 8,001 | $130.17 | $1.04M |
| Tax Withholding | Common Stock F2 | 8,112 | $130.17 | $1.06M |
| Tax Withholding | Common Stock F3 | 112,790 | $130.17 | $14.68M |
Holdings After Transaction:
Common Stock — 719,886 shares (Direct)
Footnotes (3)
- 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.
- F2. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
- F3. These shares were withheld to pay the taxes in connection with the vesting of performance restricted stock units.
Key Figures
Shares acquired from performance restricted stock units: 220,940 shares
Shares withheld for taxes on RSU vesting: 8,001 shares
Additional shares withheld for taxes on RSU vesting: 8,112 shares
+4 more
7 metrics
Shares acquired from performance restricted stock units
220,940 shares
Vested in full on August 21, 2026, including accumulated dividends since August 21, 2023
Shares withheld for taxes on RSU vesting
8,001 shares
Withheld to pay taxes in connection with the vesting of restricted stock units on August 21, 2026
Additional shares withheld for taxes on RSU vesting
8,112 shares
Withheld to pay taxes in connection with the vesting of restricted stock units on August 21, 2026
Shares withheld for taxes on performance RSU vesting
112,790 shares
Withheld to pay taxes in connection with the vesting of performance restricted stock units on August 21, 2026
Total shares withheld for tax liability
128,903 shares
Sum of shares withheld under code F transactions to pay taxes on RSU and performance RSU vesting
Grant/award reference price per share
$33.81 per share
Reference price for 220,940-share award acquisition dated August 21, 2026
Tax-withholding reference price per share
$130.17 per share
Reference price for shares withheld to pay taxes on August 21, 2026
Key Terms
performance restricted stock units, restricted stock units, vested in full
3 terms
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.
vested in full financial
"performance restricted stock units for which performance measures were certified and vested in full on August 21, 2026."
FAQ
What insider transactions did TPR report for CEO Joanne Crevoiserat on August 21, 2026?
TPR reported that CEO Joanne C. Crevoiserat acquired 220,940 shares of common stock from vesting performance restricted stock units and had 128,903 shares withheld and disposed of to pay taxes related to vesting of restricted stock units and performance restricted stock units.
What do the performance restricted stock units reported by TPR represent?
The performance restricted stock units reported for TPR represent an award whose performance measures were certified and that vested in full on August 21, 2026, including all dividends accumulated since the grant date of August 21, 2023.
Were Joanne Crevoiserat’s August 21, 2026 TPR transactions part of a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes describe the events as vesting of restricted stock units and related tax withholding, without indicating they were executed pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.