Tapestry VP Manesh Dadlani Withholds 282 Shares for Taxes

What Happened

• Manesh Dadlani, VP, Controller and Principal Accounting Officer of Tapestry (TPR), had 282 shares withheld to satisfy tax withholding on vested restricted stock units. The withholding occurred on 2026-08-18 at an implied value of $132.26 per share, totaling approximately $37,297. The filing is marked as amended to correct prior tax withholding administrative errors. This is a tax-withholding disposal (routine), not an open-market sale.

Key Details

• Transaction date and price: 2026-08-18 at $132.26 per share (282 shares withheld).
• Total value: ~$37,297.
• Transaction code: F (shares withheld to pay taxes in connection with RSU vesting).
• Footnote: Shares were withheld to pay taxes on RSU vesting and were adjusted to reflect an administrative error in tax withholdings.
• Filing: Amended Form 4 filed 2026-08-28. The transaction occurred on 2026-08-18; the amended filing was submitted 10 days later (appears delayed relative to the typical 2-business-day Form 4 deadline).
• Shares owned after transaction: Not specified in this filing.

Context

• Withholding shares to cover taxes on vested RSUs is a common administrative action and generally does not signal a change in an insider’s view of the company. This was not an open-market sale of shares but a tax-related disposition. An amended filing indicates the company corrected prior reporting of the withholding.