Todd Kahn - Aug 19, 2022 Form 4 Insider Report for TAPESTRY, INC. (TPR)

Role
CEO and Brand President, Coach
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 19, 2022
Transactions value $
$334,549
Form type
4
Date filed
8/23/2022, 08:22 PM
Previous filing
Aug 18, 2022
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPR Common Stock Tax liability -$77.5K -2.1K -1.17% $36.83 177K Aug 19, 2022 Direct F1
transaction TPR Common Stock Tax liability -$88K -2.39K -1.35% $36.83 175K Aug 19, 2022 Direct F2
transaction TPR Common Stock Award $500K +14.1K +8.08% $35.41 189K Aug 22, 2022 Direct F3

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 +83.4K $0.00 83.4K Aug 22, 2022 Common Stock 83.4K $35.41 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
F2 These shares were withheld to pay for the taxes in connection with the vesting of performance restricted stock units on August 19, 2022, for which performance was certified on August 23, 2021.
F3 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 22, 2023, the second on August 22, 2024, the third on August 22, 2025 and the fourth on August 22, 2026.
F4 These securities were issued under the Issuer's Stock Incentive Plan.
F5 These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
F6 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 22, 2023, the second on August 22, 2024, the third on August 22, 2025 and the fourth on August 22, 2026.