Research Reports

Key takeaways

Board size increased from 10 to 11 members with election of Matthew Madrigal effective April 6, 2026.

Mr. Madrigal is Chief Technology Officer of Pinterest, Inc., bringing expertise in technology, e-commerce, and Gen Z consumer behavior.

Annual compensation includes $100,000 cash retainer and $200,000 equity grant vesting in one year.

Initial equity award of $200,000 in restricted stock units granted on April 6, 2026, vesting on first anniversary.

No arrangements or understandings behind selection; no disclosable transactions with Mr. Madrigal.

Board now includes ten independent directors, enhancing tech perspective for growth strategy.

Full analysis

Tapestry's appointment of Matt Madrigal, CTO of Pinterest with over 600 million monthly active users, adds significant technology and digital consumer expertise to the Board. His background includes leadership at Google Shopping, Fanatics, Williams-Sonoma, and eBay, positioning him to support the company's Amplify growth agenda, AI-driven consumer connections, and e-commerce strategies. CEO Joanne Crevoiserat and Board Chair Anne Gates highlighted his role in scaling platforms and driving long-term shareholder value. The standard non-employee director compensation aligns with governance norms, with pro-rated initial equity to facilitate immediate contribution. This strengthens Board independence at ten out of eleven members amid focus on innovation and next-generation engagement.

TPR · Tapestry, Inc.

Summary

Key takeaways

Full analysis