Tapestry Insider Report: Kahn Vesting, Sales and 22,000-Share Gift Disclosed
Rhea-AI Filing Summary
Todd Kahn, an officer (CEO and Brand President, Coach) of Tapestry, Inc. (TPR), reported multiple equity transactions between August 21 and August 25, 2025. He disposed of several blocks of common stock for cash: 2,075 shares on 08/21/2025 at $98.39, smaller disposals at ~$99.66 on 08/22 and 08/23, and a 22,000-share gift on 08/25/2025 recorded with code G at no cash price. On 08/22/2025 he acquired 36,623 shares representing performance restricted stock units that vested in full at $35.41 per share, including accumulated dividends from the award date. Some shares were withheld to cover taxes related to vesting.
Positive
- None.
Negative
- None.
Insights
Insider executed routine vesting and sales; net holdings modestly reduced, with a separate large gift recorded.
The filing shows a mix of tax-withheld share settlements for RSUs and PRSUs, a cash acquisition representing vesting of performance RSUs, and multiple open-market dispositions near $99.66 per share. The 22,000-share entry coded as a gift is a non-compensatory transfer and reduces beneficial ownership. These transactions are disclosed under Section 16 and present routine executive compensation monetization rather than a clear signal about company fundamentals.
Transactions appear compliant and transparent, but the gift merits governance note due to size.
The report documents tax-withholdings and vesting-related issuances consistent with equity compensation practice, including certification and full vesting of performance RSUs. The bona fide gift of 22,000 shares is explicitly noted as uncompensated; while permitted, such transfers should be monitored for related-party connections or subsequent disposition. No corrective or unexplained trades are present in the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 22,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,358 | $99.66 | $135K |
| Grant/Award | Common Stock | 36,623 | $35.41 | $1.30M |
| Tax Withholding | Common Stock | 1,976 | $99.66 | $197K |
| Tax Withholding | Common Stock | 18,580 | $99.66 | $1.85M |
| Tax Withholding | Common Stock | 2,075 | $98.39 | $204K |
Footnotes (1)
- These shares were withheld to pay the taxes in connection with the vesting of restricted stock units. These securities represent performance restricted stock units for which performance measures were certified and vested in full on August 22, 2025. These securities include all dividends accumulated since the granting of the award on August 22, 2022. These shares were withheld to pay the taxes in connection with the vesting of performance restricted stock units. Bona Fide Gift. No compensation was given to Mr. Kahn for the gifting of shares.