Tapestry CEO Todd Kahn sold 1,955 shares at $131.72 to cover tax obligations from restricted stock units vesting.
Tapestry Inc. CEO Todd Kahn sold 1,955 shares of the company at $131.72 per share on August 19, totaling approximately $257,000. The transaction was non-discretionary, executed to satisfy tax withholding requirements linked to the vesting of restricted stock units.
Following the sale, Kahn retains 94,230 shares directly, representing a 0.05% ownership stake in Tapestry. The company’s market capitalization stands at $26.6 billion, with trailing-twelve-month revenue of $8.0 billion and net income of $1.5 billion as of August 19.
The sale aligns with standard insider transaction practices and does not reflect a change in executive sentiment toward the company’s outlook.