Greco Thomas 4

What Happened

• Thomas Greco, a director of TAPESTRY, exercised stock options on Feb 17, 2026 and immediately disposed of all resulting shares. He exercised three option blocks (6,822 @ $34.98; 6,117 @ $29.63; 5,523 @ $41.82), acquiring a total of 18,462 shares for aggregate exercise payments of $650,853.
• To cover the exercise cost/fees and taxes, 4,217 of the shares were delivered/withheld (F transactions). The remaining 14,245 shares were sold in open-market transactions at $154.44 per share, producing gross proceeds of $2,199,997. In sum, all 18,462 exercised shares were disposed, so there was no net increase in his holdings from these transactions.

Key Details

• Transaction date: 2026-02-17; filing date: 2026-02-18 (timely).
• Exercises: 6,822 @ $34.98; 6,117 @ $29.63; 5,523 @ $41.82 (total acquired 18,462; total exercise cost $650,853).
• Withholding/cover: 1,175; 1,496; 1,546 shares (total 4,217) delivered to pay exercise cost/fees/taxes (footnote F1).
• Open-market sales: 4,027; 4,942; 5,276 shares (total 14,245) sold at $154.44 for $2,199,997.
• Net effect on holdings from these transactions: zero — all exercised shares were either sold or used to satisfy tax/fee obligations.
• Footnote: F1 confirms shares were sold to pay the costs/fees associated with the exercise. No 10b5-1 plan or late filing noted in the provided excerpt.

Context

• This was a cashless-style outcome: options were exercised and the resulting shares were immediately sold or used to cover exercise costs and taxes — a common way insiders monetize vested options and not necessarily a directional signal.
• Transaction codes: M = option exercise; F = shares delivered/withheld to cover taxes/fees; S = open-market sale.