Tapestry, Inc. Amends Form 4 for Coach Brand CEO Stock Option Grant
TAPESTRY, INC.
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Filing Summary
Form 4/A Filing: TAPESTRY, INC. ($TPR) Insider: Kahn Todd (CEO and Brand President, Coach) Transaction Date: 2026-08-17 Security: Stock Option ($129.02 exercise price) Type: Grant / Award (Code A) | Amount: 31,397 options Post-Transaction Position: 31,397 derivative securities Note: Form 4 amendment filed to correct a calculation error in the number of stock options awarded.
Comprehensive Analysis
Executive Summary
On September 3, 2026, Tapestry, Inc. ($TPR) filed an amended Form 4 (Form 4/A) on behalf of Todd Kahn, CEO and Brand President of Coach. The amendment clarifies and corrects a calculation error regarding an annual stock option award granted on August 17, 2026.
Transaction Details
- Security: Stock Option (Right to Buy Common Stock)
- Exercise Price: $129.02 per share
- Transaction Code:
A(Grant / Award under Stock Incentive Plan) - Shares Granted: 31,397 options
- Consideration Paid: $0.00 (Standard equity compensation)
- Vesting Schedule: Service-based vesting in four equal installments on August 17 of 2027, 2028, 2029, and 2030.
- Expiration Date: August 17, 2036
- Beneficial Ownership Post-Transaction: 31,397 derivative securities held directly.
Filing Purpose & Market Implications
- Amendment Reason: According to footnote 3, the filing corrects the total option count resulting from a calculation error in the original Form 4 filed on August 19, 2026.
- Market Impact: Because this transaction represents a standard, routine annual equity compensation award rather than an open-market buy or sell, it is classified as Low trading significance.
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