Tapestry (TPR) CEO Joanne Crevoiserat Receives 220,940-Share Award

What Happened Joanne C. Crevoiserat, CEO of Tapestry, had 220,940 performance restricted stock units (PRSUs) vest in full on August 21, 2026. The award is reported at $33.81 per share (total $7,469,981). To cover tax liabilities on the vesting, 128,903 shares were withheld/disposed (three withholding entries: 8,001; 8,112; and 112,790) at $130.17 per share, totaling $16,779,303. Net shares retained from the vesting: 92,037.

Key Details

• Transaction date: August 21, 2026; Form 4 filed August 25, 2026 (covers the 8/21/2026 vesting).
• Award (A): 220,940 shares @ $33.81 = $7,469,981.
• Tax withholding (F): 8,001 shares @ $130.17 = $1,041,490; 8,112 shares @ $130.17 = $1,055,939; 112,790 shares @ $130.17 = $14,681,874 (total withheld = 128,903 shares, $16,779,303).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — PRSUs vested in full and include accumulated dividends since the Aug 21, 2023 grant. F2/F3 — shares were withheld to pay taxes related to the RSU/PRSUs.

Context This was a vesting of performance RSUs rather than an open-market sale or purchase. The withheld shares were used to satisfy tax obligations (common "net share settlement"/withholding), not necessarily an intentional market sale signal. The filing shows the award value per share ($33.81) and a higher per-share withholding figure ($130.17), which reflects different reported values (award accounting value vs. market price used for withholding).