Form 4: Ralph Lauren Director Hubert Joly Acquires Additional Shares Through RSU Dividend Payment

Ralph Lauren Corporation Director Hubert Joly acquired 3.16 shares of Class A Common Stock on July 11, 2025, through the payment of a cash dividend on previously granted restricted stock units.

Summary

• Hubert Joly, a Director of Ralph Lauren Corporation (RL), acquired 3.16 shares of Class A Common Stock.
• The transaction occurred on July 11, 2025, and was made pursuant to a Rule 10b5-1(c) plan.
• The shares were acquired at a price of $0, representing restricted stock units (RSUs) payable as a result of a cash dividend on the Issuer's Class A Common Stock.
• These RSUs were issued in respect of restricted stock units previously granted under Ralph Lauren's 2019 Long-Term Stock Incentive Plan.
• Following this transaction, Hubert Joly beneficially owns a total of 30,256.84 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The transaction represents a routine acquisition of shares by a director through a dividend payment on restricted stock units, indicating ongoing equity participation and alignment with shareholder interests. It is a neutral to slightly positive event.

Positives

• The acquisition of shares, even a small amount, by a director indicates continued equity participation and alignment with shareholder interests.
• The transaction is a result of a dividend payment on previously granted restricted stock units, which is a positive for the reporting person's compensation.

Future Outlook

No forward-looking statements or guidance are provided in this document.

Management Comments

• The transaction represents restricted stock units of the Issuer's Class A Common Stock payable as a result of the payment of a cash dividend on the Issuer's Class A Common Stock.
• The restricted stock units are payable solely in shares of the Issuer's Class A Common Stock issued to the Reporting Person in respect of restricted stock units previously granted under the Issuer's 2019 Long-Term Stock Incentive Plan.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, specifically the payment of dividends on restricted stock units. Such transactions are common across publicly traded companies as part of their long-term incentive plans for directors and executives.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a component of director compensation, including the payment of dividends on unvested or vested RSUs, is a standard practice in corporate compensation structures across various industries.
• Many companies, including peers in the apparel and luxury goods sector, utilize similar equity-based incentive plans to align the interests of their directors and executives with those of shareholders.

Related Party Transactions

• The transaction involves the acquisition of shares by a director from the company, which is a related party transaction, but it is a standard component of the company's equity compensation plan.

Stakeholder Impact

• Shareholders: The transaction slightly increases the director's ownership stake, aligning their interests more closely with shareholders, albeit minimally due to the small number of shares.

Key Dates

Keywords

Ralph Lauren, RL, Hubert Joly, Form 4, SEC filing, insider transaction, director, restricted stock units, RSU, dividend, stock incentive plan