Tapestry Chief People Officer Acquires Shares via PSU Vesting with Tax Withholdings

Executive Summary

On November 2, 2026, Tapestry, Inc. (NYSE: TPR) filed a Form 4 for Chief People Officer Denise Kulikowsky reporting transactions that took place on October 30, 2026. The transactions involved the vesting of performance-based restricted stock units (PSUs) and the standard withholding of shares to cover tax obligations.

Transaction Analysis

• Acquisition (Code A): Kulikowsky acquired 17,417 shares of Common Stock at an evaluated price of $116.29 per share (aggregate value of ~$2.03 million) upon the full vesting of performance restricted stock units originally granted on August 21, 2023, including accumulated dividend equivalents.
• Tax Withholdings (Code F): Two dispositions totaling 10,171 shares (1,279 shares and 8,892 shares) were executed at $116.29 per share to satisfy tax liabilities associated with the vesting events.
• Net Ownership Change: Kulikowsky's direct holdings net increased by 7,246 shares, bringing total beneficial ownership to 23,721 shares following these transactions.

Market and Trading Significance

This filing reflects routine executive compensation mechanics rather than discretionary open-market buying or selling. Because the shares were acquired via pre-established equity incentive award vesting and the dispositions were solely for statutory tax withholding, this activity carries low predictive value for company performance or market sentiment.