TPR Insider Filing: Dadlani Reports RSU Withholding Sales at ~$99
Rhea-AI Filing Summary
Manesh Dadlani, Vice President, Controller and Principal Accounting Officer of Tapestry, Inc. (TPR), reported a series of disposals of common stock completed on August 21–23, 2025. The Form 4 shows four transactions: 865 shares disposed at $98.39 on 08/21/2025, 889 shares disposed at $99.66 on 08/22/2025, 5,292 shares disposed at $99.66 on 08/22/2025, and 688 shares disposed at $99.66 on 08/23/2025. The filing states these shares were withheld to pay taxes in connection with the vesting of restricted stock units. The Form 4 was signed under power of attorney by Emily S. Zahler on 08/25/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Reported sales are described as tax-withholding for vested restricted stock units and follow typical internal procedures.
The filing documents that the disposals were executed to satisfy tax withholding obligations arising from RSU vesting. The disclosure names the reporting person as VP, Controller and Principal Accounting Officer and provides transaction dates, share counts and prices. Such withholdings are a common administrative step after equity vesting and are usually routine if no additional context is provided in the filing.
TL;DR: Multiple small disposals across three days are explicitly tied to tax withholding; transaction prices are documented.
The Form 4 lists four non-derivative dispositions with per-share prices of $98.39 and $99.66 on specific dates, and shows the beneficial ownership levels following each transaction. The report was filed singly for one reporting person and executed via power of attorney. Based solely on the disclosed facts, these transactions are administrative tax-withholding actions rather than open-market discretionary sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 688 | $99.66 | $69K |
| Tax Withholding | Common Stock | 889 | $99.66 | $89K |
| Tax Withholding | Common Stock | 5,292 | $99.66 | $527K |
| Tax Withholding | Common Stock | 865 | $98.39 | $85K |
Footnotes (1)
- [object Object]