Tapestry (TPR) CEO Todd Kahn Receives RSU Award; Taxes Withheld

What Happened
Todd Kahn, CEO and Brand President (Coach) of Tapestry, received equity awards reported on Aug 17, 2026: 11,626 restricted stock units (RSUs) valued at $129.02 each (total ~$1,499,987) and 30,864 additional service-based derivative RSUs reported at $0. Separately, 1,294 shares were disposed on Aug 18, 2026 to satisfy tax withholding obligations (withheld at $132.26 per share, ~$171,144). The awards are grants (not open-market purchases) and the withholding is a routine tax-related disposition.

Key Details

• Transaction dates: grants on 2026-08-17; tax withholding on 2026-08-18. Form filed 2026-08-19 (timely).
• Grant specifics: 11,626 RSUs @ $129.02 (total ~$1.50M); 30,864 derivative/service RSUs reported at $0.
• Tax withholding: 1,294 shares withheld/disposed @ $132.26 (~$171,144) to cover taxes.
• Vesting/conversion: awards are unvested RSUs that vest in four equal annual tranches (first tranche 2027-08-17 through 2030-08-17) and convert 1-for-1 into common shares upon vesting.
• Footnotes: grants issued under the Issuer's Stock Incentive Plan; shares withheld were to pay taxes.
• Shares owned after the transaction are not stated in the filing.

Context
These transactions are equity awards (service-based RSUs) that vest over four years—common long-term compensation for executives. The small disposition was solely for tax withholding (not an open-market sale) and should be viewed as routine administration of the award rather than a directional insider trade. The filing appears timely (filed two days after the primary grant date).