Joanne C. Crevoiserat - Aug 23, 2021 Form 4 Insider Report for TAPESTRY, INC. (TPR)

Signature
/s/ Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney filed with the Commission
Stock symbol
TPR
Transactions as of
Aug 23, 2021
Transactions value $
$1,599,995
Form type
4
Date filed
8/25/2021, 04:34 PM
Previous filing
Aug 20, 2021
Next filing
Mar 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPR Common Stock Award $1.6M +37.8K +21.03% $42.31 218K Aug 23, 2021 Direct F1
transaction TPR Common Stock Award $0 +5.7K +2.62% $0.00 223K Aug 23, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPR Stock Option Award $0 +229K $0.00 229K Aug 23, 2021 Common Stock 229K $42.31 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were acquired in the form of unvested restricted stock units issued under the Issuer's Stock Incentive Plan. These securities will vest in four equal tranches on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 23, 2022, the second on August 23, 2023, the third on August 23, 2024 and the fourth on August 23, 2025.
F2 These securites represent performance restricted stock units for which performance measures were certified on August 23, 2021. These securities include all dividends accumulated since the granting of the award on August 19, 2019 and will vest three years after the grant date.
F3 These securities were issued under the Issuer's Stock Incentive Plan.
F4 These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
F5 These service-based securities vest in four equal installments on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 23, 2022, the second on August 23, 2023, the third on August 23, 2024 and the fourth on August 23, 2025.