Form 4: Frank A. Bennack Jr. Reports Acquisition of Ralph Lauren Corp Class A Common Stock

Frank A. Bennack Jr., a director of Ralph Lauren Corporation, reports the acquisition of Class A Common Stock due to dividend payments on restricted stock units.

Summary

• On October 11, 2024, Frank A. Bennack Jr., a director of Ralph Lauren Corporation, acquired 4.06 shares of Class A Common Stock.
• This acquisition is a result of the payment of a cash dividend on the Issuer's Class A Common Stock related to previously granted restricted stock units under the company's 2019 Long-Term Stock Incentive Plan.
• Following the transaction, Bennack directly owns 31,835.06 shares of Class A Common Stock.
• A deduction was made for cash paid in lieu of approximately 0.8 fractional shares upon vesting of previously-granted restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral to slightly positive sentiment as it reflects the ongoing operation of the company's incentive plans.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares acquired by a director as part of a compensation plan.

Key Dates