Scott A. Roe - Aug 21, 2023 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 21, 2023
Transactions value $
$6,823,178
Form type
4
Date filed
8/23/2023, 05:09 PM
Previous filing
Jun 2, 2023
Next filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPR Common Stock Award $1.32M +31.3K +102.04% $42.31 61.9K Aug 21, 2023 Direct F1
transaction TPR Common Stock Award $750K +22.2K +35.83% $33.81 84.1K Aug 21, 2023 Direct F2
transaction TPR Common Stock Tax liability -$75.9K -2.29K -2.72% $33.16 81.8K Aug 22, 2023 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 $4.83M +143K $33.81 143K Aug 21, 2023 Common Stock 143K $33.81 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 securities represent performance restricted stock units for which performance measures were certified on August 21, 2023. These securities include all dividends accumulated since the granting of the award on August 23, 2021 and will vest in full on August 23, 2024.
F2 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 21, 2024, the second on August 21, 2025, the third on August 21, 2026 and the fourth on August 21, 2027.
F3 These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
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 21, 2024, the second on August 21, 2025, the third on August 21, 2026 and the fourth on August 21, 2027.