Tapestry (TPR) VP Manesh Dadlani Receives Restricted Stock Award

What Happened

• Manesh Dadlani, Vice President, Controller and PAO of Tapestry, was granted 1,558 restricted stock units (RSUs) on 2026-08-17 at a reported value of $129.02 per share (total value $201,013). On 2026-08-18, 298 shares were reported as disposed/withheld at $132.26 per share to cover taxes (value $39,413). The grant is a compensation award (not an open-market purchase).

Key Details

• Grant date and value: 8/17/2026 — 1,558 RSUs at $129.02 each (total $201,013).
• Tax withholding: 8/18/2026 — 298 shares withheld at $132.26 each (value $39,413); disposition code F (tax withholding).
• Vesting: These RSUs are unvested and will vest in four equal tranches annually on each anniversary of the grant (8/17/2027, 2028, 2029, 2030).
• Shares owned after transaction: Not specified in this filing.
• Filing: Report filed 2026-08-19 for transactions dated 8/17–8/18/2026 (appears timely within the Form 4 reporting window).

Context

• RSU grants are compensation; they are not immediate purchases and vest over time per the stated schedule. The tax-withholding entry is routine (code F) and represents shares retained to satisfy tax obligations upon vesting or as required by the company. Such awards are common executive compensation and do not by themselves indicate an insider buying or selling stock in the open market.