Tapestry (TPR) Insider Disposes of Shares for Tax Obligations
TAPESTRY, INC.
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Filing Summary
Tapestry (TPR) insider Manesh Dadlani (VP, Controller and PAO) disposed of 282 shares of Common Stock at $132.26 per share, totaling approximately $37,300. This transaction was a non-discretionary sale to cover taxes related to the vesting of restricted stock units.
Comprehensive Analysis
An amended Form 4 was filed for Manesh Dadlani, VP, Controller, and Principal Accounting Officer of Tapestry, Inc., correcting a previous filing from August 19, 2026. The amendment adjusts for an administrative error in tax withholdings.
The transaction, dated August 18, 2026, involved the disposition of 282 shares of Common Stock at a price of $132.26 per share. This was not an open market sale but a mandatory withholding of shares to satisfy tax liabilities incurred upon the vesting of restricted stock units (RSUs), as indicated by the transaction code 'F'. Such transactions are routine and do not typically reflect an insider's discretionary trading sentiment. Following the disposition, Mr. Dadlani directly owns 19,034 shares of Tapestry, Inc. The total value of the shares withheld was approximately $37,300.
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