Tapestry's Top Lawyer Filed a Stock Transaction. Tariffs Are the Bigger Story
David E. Howard disposed of stock to cover RSU vesting taxes.
Tapestry's chief legal officer, David E. Howard, sold 4,884 shares of the company's common stock on August 19, as disclosed in an SEC Form 4 filing. The transaction, valued at $131.72 per share based on the weighted average sale price, amounted to a total value of $643,000. Despite this personal stock sale, Tapestry maintains a significant presence in the luxury goods market, generating $8.0 billion in trailing twelve-month revenue and boasting a market capitalization of $26.6 billion.
The company's diverse portfolio of heritage brands and robust omnichannel distribution network, along with its global reach in key growth markets, solidify its position as a formidable player in the accessible-to-premium luxury goods sector.
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