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AI brief of an SEC Form 8-K · Tapestry (TPR)

Tapestry Grants CEO Crevoiserat $15 Million One-Time Special Equity Award

Neutral Impact 3 of 5 leadership Written later

Tapestry's Human Resources Committee approved a one-time special equity grant to CEO Joanne Crevoiserat with a target grant date fair value of $15 million, under the 2018 Stock Incentive Plan. The award is split equally between performance-based restricted stock units tied to a non-GAAP earnings per share target for fiscal 2028 and time-based restricted stock units, both vesting on the third anniversary of the grant date. The filing says the grant aims to support retention and succession planning, which adds a large one-time pay cost tied to future performance.

Key points

  • Special grant has a target grant date fair value of $15 million, approved August 18, 2025
  • Half is performance-based RSUs tied to a target non-GAAP EPS for fiscal year 2028; half is time-based RSUs
  • Both portions vest on the third anniversary of the grant date; forfeiture applies on retirement or voluntary termination without Good Reason
  • Grant is described as one-time and not part of regular annual compensation

The filing

CompanyTapestry (TPR)
Form8-K, current report
Filed with the SECAug 20, 2025, 5:01 PM ET
Accession number0001140361-25-032093

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.