Ralph Lauren CEO awarded RSUs and reported multiple share sales at $289.745

Rhea-AI Filing Summary

Patrice Louvet, who is both President and CEO and a director of Ralph Lauren Corporation (RL), reported changes in his beneficial ownership on 08/15/2025. The filing shows an award of 24,159 Class A common shares to Mr. Louvet issued as restricted stock units under the company’s 2019 Long-Term Stock Incentive Plan; those units vest in three equal annual installments beginning August 15, 2026. The Form 4 also records a series of dispositions on the same date: 8,364, 7,875, 5,729 and 1,497 Class A shares, each reported at a price of $289.745. After these transactions the reporting person’s total beneficial ownership of Class A common stock is 132,552 shares.

Insights

Financial Analyst

TL;DR: Routine insider award and concurrent share dispositions by the CEO, resulting in a net holding of 132,552 Class A shares.

The Form 4 reflects a grant of 24,159 restricted stock units to Patrice Louvet and contemporaneous sales totaling 23,465 Class A shares executed at $289.745 per share. The RSUs vest in three equal annual installments beginning August 15, 2026, indicating future compensation tied to service. The disclosed sales reduced his reported beneficial holdings from 156,017 to 132,552 shares. These entries are consistent with compensation realization and liquidity events by an executive rather than an operational disclosure.

Corporate Governance Expert

TL;DR: Disclosure is standard: executive received time‑based RSUs and recorded multiple share dispositions; filings appear complete and timely.

The filing specifies the award vehicle (2019 Long-Term Stock Incentive Plan) and vesting schedule for the restricted stock units, and it reports multiple dispositions with transaction price details. The report is signed by an attorney‑in‑fact and shows the filer as an individual reporting person. From a governance and disclosure standpoint, this Form 4 communicates compensation and trading activity required under Section 16 without additional qualifiers or exceptions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Louvet Patrice

(Last) (First) (Middle)

RALPH LAUREN CORPORATION

650 MADISON AVENUE

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RALPH LAUREN CORP [ RL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/15/2025		A		24,159	A	(1)	156,017	D
Class A Common Stock	08/15/2025		F		8,364	D	$289.745	147,653	D
Class A Common Stock	08/15/2025		F		7,875	D	$289.745	139,778	D
Class A Common Stock	08/15/2025		F		5,729	D	$289.745	134,049	D
Class A Common Stock	08/15/2025		F		1,497	D	$289.745	132,552	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of the Issuer's Class A Common Stock issued to the Reporting Person as restricted stock units granted under the Issuer's 2019 Long-Term Stock Incentive Plan. These restricted stock units will vest in three equal annual installments beginning August 15, 2026.

	/s/ Avery S. Fischer, Attorney-in-Fact for Patrice Louvet	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

Who filed the Form 4 for RL and what is their role?

The Form 4 was filed for Patrice Louvet, who is listed as both President and CEO and a Director of Ralph Lauren Corporation.

What equity award was reported in the RL Form 4?

The filing reports 24,159 Class A common shares issued as restricted stock units under the 2019 Long-Term Stock Incentive Plan.

Did Patrice Louvet sell any RL shares on 08/15/2025 and at what price?

Yes. The Form 4 lists dispositions of 8,364, 7,875, 5,729, and 1,497 Class A shares, each at $289.745 per share.

What is the vesting schedule for the RSUs reported?

The restricted stock units will vest in three equal annual installments beginning on August 15, 2026.

What was the reporting person’s total beneficial ownership after these transactions?

After the transactions, the reported beneficial ownership was 132,552 Class A shares.