Ralph Lauren (RL) director gains dividend-linked restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RALPH LAUREN CORP director Frank A. Bennack Jr. acquired 1.41 shares of Class A Common Stock through a grant of restricted stock units. These units were issued as a result of a cash dividend on the company’s Class A Common Stock and will be settled solely in shares. Following this award, his directly held position reported in this filing is 32,430.53 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BENNACK FRANK A JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1.41 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 32,430.53 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 1.41 shares
Grant price per share: $0.00 per share
Shares held after transaction: 32,430.53 shares
3 metrics
Restricted stock units granted
1.41 shares
Dividend-equivalent grant on Class A Common Stock
Grant price per share
$0.00 per share
Reported value for the non-cash restricted stock unit award
Shares held after transaction
32,430.53 shares
Direct Class A Common Stock position following the award
Key Terms
restricted stock units, cash dividend, 2019 Long-Term Stock Incentive Plan
3 terms
restricted stock units financial
"Represents restricted stock units of the Issuer's Class A Common Stock payable as a result of the payment of a cash dividend"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
cash dividend financial
"payable as a result of the payment of a cash dividend on the Issuer's Class A Common Stock"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
2019 Long-Term Stock Incentive Plan financial
"restricted stock units previously granted under the Issuer's 2019 Long-Term Stock Incentive Plan"
FAQ
What insider transaction did RL director Frank A. Bennack Jr. report?
Frank A. Bennack Jr. reported acquiring 1.41 shares of Ralph Lauren Class A Common Stock via restricted stock units. The units were granted as a dividend-equivalent award tied to a cash dividend, increasing his directly reported holdings to 32,430.53 shares.
Was the Ralph Lauren (RL) Form 4 transaction a market purchase or sale?
The Form 4 shows no market purchase or sale. Bennack received a grant of restricted stock units coded as an acquisition (code A), with a reported price of $0.00 per share, reflecting a compensation-related, non-cash stock award.
Why did Frank A. Bennack Jr. receive 1.41 restricted stock units of RL stock?
He received 1.41 restricted stock units because Ralph Lauren paid a cash dividend on its Class A Common Stock. Under the company’s 2019 Long-Term Stock Incentive Plan, dividend equivalents on previously granted restricted stock units are payable in additional stock-settled units.
What does transaction code "A" mean in the Ralph Lauren (RL) Form 4?
Transaction code "A" on the Form 4 indicates a grant, award, or other acquisition of securities. In this case, it reflects non-cash restricted stock units awarded to Bennack as a dividend-equivalent, rather than an open-market buy or sell transaction.