Roe Scott A. 4
4 · TAPESTRY, INC. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Tapestry (TPR) CFO Scott Roe Exercises Options, Sells Shares
What Happened
Scott A. Roe, Tapestry's Chief Financial Officer and Chief Operating Officer, exercised stock options and disposed of shares on Feb 10, 2026. He exercised 88,636 option shares (57,541 @ $44.97 for $2,587,619; 31,095 @ $40.58 for $1,261,835). The filing reports open-market sales totaling 44,290 shares for roughly $6.76M, surrender/withholding dispositions of 59,346 shares to cover exercise costs and taxes (value ~ $9.06M), and a charitable gift of 15,000 shares. The pattern indicates a cashless-style exercise where shares were converted and then sold or surrendered to satisfy exercise price, taxes and fees.
Key Details
- Transaction dates: primarily 2026-02-10 (filed 2026-02-12 — appears timely).
- Options exercised: 88,636 shares (57,541 @ $44.97 = $2,587,619; 31,095 @ $40.58 = $1,261,835).
- Open-market sales: 10,198 @ $152.60 ($1,556,215); 15,000 @ $152.61 ($2,289,150); 19,092 @ $152.64 ($2,914,203) — total ≈ $6,759,568.
- Share dispositions for exercise/taxes (withholding): 20,897 @ $152.60 ($3,188,882); 38,449 @ $152.64 ($5,868,855) — total ≈ $9,057,737.
- Gift: 15,000 shares donated (bona fide charitable gift; no compensation).
- Footnotes: F1 — shares sold/surrendered to pay exercise cost and taxes; F2 — charitable gift, no compensation.
- Shares owned after the transactions: not specified in the provided summary of the filing.
- Filing timeliness: Reported Feb 12 for Feb 10 transactions — within the usual two-business-day Form 4 window.
Context
- For retail investors: exercising options is a purchase of company stock by the insider; here the exercise was accompanied by sales and withholding, a common way to cover exercise costs and tax liabilities (effectively a cashless exercise).
- The charitable gift is a transfer and does not necessarily signal the insider’s market view.
- This filing does not indicate a 10% owner—these are executive-level transactions.
- As always, insider sales can be routine (tax/option-related); purchases tend to be a stronger bullish signal for conviction.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-10$44.97/sh+57,541$2,587,619→ 152,323 total - Exercise/Conversion
Common Stock
2026-02-10$40.58/sh+31,095$1,261,835→ 183,418 total - Sale
Common Stock
2026-02-10$152.60/sh−10,198$1,556,215→ 173,220 total - Sale
Common Stock
2026-02-10$152.61/sh−15,000$2,289,150→ 158,220 total - Sale
Common Stock
2026-02-10$152.64/sh−19,092$2,914,203→ 139,128 total - Tax Payment
Common Stock
[F1]2026-02-10$152.60/sh−20,897$3,188,882→ 118,231 total - Tax Payment
Common Stock
[F1]2026-02-10$152.64/sh−38,449$5,868,855→ 79,782 total - Gift
Common Stock
[F2]2026-02-11−15,000→ 64,782 total - Exercise/Conversion
Stock Option
2026-02-10−57,541→ 0 totalExercise: $44.97From: 2022-06-01Exp: 2031-06-01→ Common Stock (57,541 underlying) - Exercise/Conversion
Stock Option
2026-02-10−31,095→ 93,283 totalExercise: $40.58From: 2025-08-19Exp: 2034-08-19→ Common Stock (31,095 underlying)
Footnotes (2)
- [F1]These shares were sold to pay for the cost of, and the taxes and fees associated with, the exercise of the derivative securities described above.
- [F2]Bona fide charitable gift. No compensation was given to Mr. Roe for the gifting of shares.