Tapestry (TPR) CEO Todd Kahn Receives 66,282-Share Award

What Happened

• Todd Kahn (Brand President & Coach at Tapestry) received a grant/award when 66,282 performance restricted stock units (RSUs) vested on Aug 21, 2026. The award is reported at an acquisition value of $33.81 per share (total $2,240,994).
• Concurrently, 38,272 shares were withheld to satisfy tax obligations in three withholding transactions (2,001; 2,434; and 33,837 shares) recorded as dispositions at $130.17 per share, totaling $4,981,866.
• Net shares delivered to Kahn after tax withholding: 66,282 − 38,272 = 28,010 shares.

Key Details

• Transaction date: August 21, 2026; Form 4 filed August 25, 2026 (filed within the typical 2-business-day window).
• Awarded: 66,282 shares @ $33.81 (acquisition) = $2,240,994.
• Tax withholding (dispositions): 2,001 shares @ $130.17 = $260,470; 2,434 shares @ $130.17 = $316,834; 33,837 shares @ $130.17 = $4,404,562. Total withheld value = $4,981,866.
• Net shares received after withholding: 28,010 shares (based on reported amounts).
• Footnotes: F1 notes these were performance RSUs for which performance measures were certified and vested in full on Aug 21, 2026 (including accumulated dividends since the grant on Aug 21, 2023). F2 and F3 confirm the withheld shares were used to pay taxes.
• Transaction codes: A = Award/Grant; F = Tax withholding (not open-market sale).

Context

• This was a vesting of performance RSUs, not an open-market sale or purchase. Withholding of shares to cover taxes is a routine administration of compensation and does not necessarily indicate a change in insider sentiment.
• Because the filing reports both the gross award and the shares withheld for taxes, the key takeaway for investors is the size of the vested award (66,282 shares / $2.24M) and the net shares added to Kahn’s holdings (~28,010).