Director Lau Alan Ka Ming sold 11,320 shares (58.1% of holdings) at blended $106.19, reducing stake to 8,153 shares
Director Lau executed 2 separate sales on 2025-09-11 totaling 11,320 shares for $1,202,119.79 at prices $106.12 and $106.23, substantially reducing his position from 19,473 shares to 8,153 shares. The sale represents a 58.1% reduction in his shareholdings at prices near the current $106.47 level, occurring during a period where TPR has declined 6.2% over the last 30 days despite posting strong 90-day appreciation of 34.9%. With a P/E of 97.68 and the stock trading near its 52-week high of $113.53 (currently 6.2% below), this large director reduction warrants attention regarding near-term valuation sentiment.