Tapestry (TPR) VP Manesh Dadlani Withholds Shares for Taxes

What Happened Manesh Dadlani, VP, Controller and Principal Accounting Officer of Tapestry, had 2,075 restricted stock unit (RSU) shares withheld to cover taxes related to vesting. The withholding took place on 2026-08-21 in two dispositions: 976 shares at $130.17 each ($127,046) and 1,099 shares at $130.17 each ($143,057), for a combined value of $270,103. This is an administrative tax-withholding event (code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-08-21; Filing date: 2026-08-25 (report covers the 8/21 transaction).
• Price per share: $130.17.
• Shares withheld/disposed: 976 and 1,099 (total 2,075).
• Values: $127,046 and $143,057 (total ~$270,103).
• Footnote: F1 — these shares were withheld to pay taxes in connection with the vesting of restricted stock units.
• Shares owned after transaction: not specified in the provided summary; see the full Form 4 for post-transaction beneficial ownership.
• No late-filing flag was indicated in the information provided here.

Context Withholding shares to cover taxes upon RSU vesting is a routine, administrative disposition and does not necessarily indicate the insider is bearish or selling shares on the open market. For retail investors, such tax-withholding events are common and typically reflect compensation settlement rather than a change in conviction about the company.