Tapestry (TPR) CEO Joanne Crevoiserat Receives $3.0M Stock Award

What Happened

• Joanne Crevoiserat, CEO of Tapestry, received equity awards on August 17, 2026, totaling 84,980 restricted stock units (RSUs). That includes 23,252 RSUs reported at $129.02 each (total value $2,999,973) and 61,728 RSU-type derivative awards reported at $0.00 that convert 1-for-1 into common shares when vested.
• On August 18, 2026, 3,557 shares were disposed (withheld) to satisfy tax withholding related to the vesting event; those shares were reported at $132.26 for proceeds of $470,449. The grant awards are not open-market purchases or sales but company-issued RSUs (typically a neutral/compensation signal rather than a direct buy or sell).

Key Details

• Transaction dates and prices:
  • 2026-08-17: Award of 23,252 RSUs at $129.02 (value $2,999,973).
  • 2026-08-17: Award of 61,728 derivative RSUs at $0.00 (convertible 1-for-1).
  • 2026-08-18: 3,557 shares withheld/disposed at $132.26 for $470,449 to cover taxes.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • Awards issued under the Issuer’s Stock Incentive Plan.
  • The RSUs are unvested and vest in four equal annual tranches on Aug 17 of 2027, 2028, 2029 and 2030.
  • The derivative awards convert 1-for-1 into common stock upon vesting.
  • Shares were withheld to pay taxes (routine tax withholding).
• Filing timeliness: Form 4 filed Aug 19, 2026 for transactions on Aug 17–18, 2026 — within the usual two-business-day reporting window (timely).

Context

• These transactions are compensation awards (RSUs) rather than open-market buying or selling; withholding of shares for taxes is a routine administrative step and does not necessarily indicate CEO sentiment about the stock.
• The 61,728 derivative RSUs are service-based and vest over four years; once vested they convert into common shares on a 1-for-1 basis.