TAPESTRY, INC. SEC Filings

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.

TAPESTRY, INC. (TPR) received a notice that Joanne C. Crevoiserat plans to sell shares under Rule 144. A Form 144 filing indicates an intention to sell 66,061 shares of common stock, with an aggregate market value of 8,720,052.00, out of 199,391,678 shares outstanding. The shares are expected to be acquired from the issuer through a stock option exercise for cash and sold on the NYSE, with an approximate transaction date of August 19, 2026.

Tapestry, Inc., parent of Coach and Kate Spade, reports fiscal 2026 net sales of $8,004.2 million, up from $7,010.7 million in 2025. Coach generated 86.4% of sales and Kate Spade 13.4%, while direct-to-consumer channels contributed about 87% of net sales and wholesale 12%.

The company sold the Stuart Weitzman business on August 4, 2025; it contributed $14.6 million of 2026 net sales before the sale. Tapestry launched its 2028 growth strategy, Amplify, focused on consumer engagement, product innovation, global expansion and people development, and invested $962.5 million in marketing, 12% of net sales.

International markets represented 41.3% of 2026 net sales. Tapestry details extensive risks around macroeconomic conditions, tariffs and trade policy, global sourcing, cyber and AI-related threats, and competitive pressures. The company expects refunds of $114.7 million of previously paid IEEPA tariffs, with $2.1 million already received.

Tapestry, Inc. reported strong results for the fiscal year ended June 27, 2026, with net sales of $8.00 billion, up 14% from $7.01 billion, and pro forma net sales of $7.99 billion, up 18%. Gross profit rose to $6.23 billion, with a GAAP gross margin of 77.8% and non-GAAP gross margin of 76.6%. Non-GAAP operating income reached $1.87 billion, a 33% increase, expanding non-GAAP operating margin to 23.4%, up 340 basis points.

GAAP net income grew to $1.53 billion (diluted EPS $7.27), while non-GAAP diluted EPS was $7.05, up 38% from $5.10. Coach drove growth with $6.91 billion in sales, up 24%, while Kate Spade declined 10% to $1.07 billion. Pro forma Greater China sales rose 38%, and Europe grew 29%. Adjusted Free Cash Flow was $1.86 billion, and the leverage ratio was 1.1x on total debt of $2.38 billion. Tapestry returned $1.7 billion to shareholders in fiscal 2026 through dividends and buybacks and expects to return a similar $1.7 billion in fiscal 2027, while reiterating a long-term framework of mid-single-digit revenue growth and low-double-digit EPS growth on a non-GAAP basis.

Vanguard Portfolio Management LLC filed an amended Schedule 13G reporting its beneficial ownership of Tapestry Inc common stock. Vanguard reports beneficial ownership of 9,962,722 shares, representing 4.93% of the outstanding common stock.

Vanguard has sole voting power over 53,176 shares and sole dispositive power over 9,962,722 shares, with no shared voting or dispositive power. The filing explains that these holdings reflect securities beneficially owned or deemed beneficially owned by Vanguard Portfolio Management LLC and certain affiliated entities and funds for which it or its affiliates exercise voting or dispositive power. No other individual person's interest in the reported securities exceeds 5% of the class.

TAPESTRY, INC. CEO and Brand President, Coach, Todd Kahn exercised stock options and disposed of shares in a compensation-related transaction. He exercised 57,286 stock options for common stock at $42.31 per share, then a total of 57,286 shares of common stock were disposed of around $140.02 per share.

The transactions included 37,729 shares withheld to cover the cost, taxes and fees tied to the option exercise and an additional 19,557 shares sold in the open market. After these transactions, Kahn directly holds 123,258 shares of Tapestry common stock.

TAPESTRY, INC. CEO and Coach Brand President Todd Kahn reported charitable stock gifts rather than market trades. On May 20, 2026, he made bona fide gifts totaling 1,426 shares of Tapestry common stock, consisting of one transfer of 1,000 shares and another of 426 shares.

Footnotes state these are bona fide gifts, with no compensation to Kahn, and that the transfers represent a charitable donation of shares to a Donor Advised Fund. The transactions do not involve open-market buying or selling activity.

TAPESTRY, INC. Chief Executive Officer Joanne C. Crevoiserat reported a combination of option exercises, tax-related share dispositions, and open-market sales of common stock. She exercised a total of 66,061 stock options at strike prices of $15.83 and $20.97 per share, converting them into common stock.

To cover the cost and taxes associated with these exercises, 38,285 shares were disposed of as tax-withholding transactions, and 27,776 shares were sold in open-market transactions at approximately $132.88–$132.90 per share. The filing shows she directly held 614,149 shares of common stock following these transactions, which were carried out under a pre-arranged Rule 10b5-1 trading plan.