A Tapestry Insider Filing Involves $349,000. Here's What Investors Should Know
These shares were withheld to cover tax obligations tied to restricted stock unit vesting, a non-discretionary move that leaves Roe with 68,939 shares valued at $9.1 million.
Overview
CFO and COO Scott A. Roe reported a sale of 2,646 shares of Tapestry, Inc. (NYSE:TPR) on August 19, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($131.72); post-transaction value based on the August 19 market close ($131.72).
Details
Tapestry, Inc. represents a scaled global luxury conglomerate with $8.0 billion in TTM revenue and a market capitalization of $26.6 billion, positioning it as a significant player in the accessible-to-premium luxury goods sector. The company's competitive advantage derives from its portfolio of established, heritage brands with distinct market positioning, coupled with sophisticated omnichannel distribution capabilities and strong international presence across key growth markets. The organization's operational scale, brand equity, and demonstrated ability to drive profitability--evidenced by $1.5 billion in TTM net income--underscore its strategic positioning within the global luxury goods market.
Source
Originally published at www.fool.com.