Form 4: Ralph Lauren Director Valerie Jarrett Reports Acquisition of Class A Common Stock
SEC Form 4 Filing
Director Valerie Jarrett reported acquiring Class A Common Stock of Ralph Lauren Corporation due to dividend payments on restricted stock units.
Summary
- On July 12, 2024, Valerie Jarrett, a director of Ralph Lauren Corporation, acquired 5.91 shares of Class A Common Stock.
- The acquisition was a result of the payment of a cash dividend on the Issuer's Class A Common Stock.
- These shares were issued in respect of restricted stock units previously granted under the Issuer's 2019 Long-Term Stock Incentive Plan.
- Following the transaction, Jarrett directly owns 4,500.8 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of company directors. It is common for directors to receive stock or stock units as part of their compensation, and these holdings are subject to regulatory reporting requirements.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves a small number of shares acquired through dividend payments.
Key Dates
| Date | Description |
|---|---|
| 07/12/2024 | Date of transaction: Valerie Jarrett acquired Class A Common Stock. |
| 07/16/2024 | Date of signature: Avery S. Fischer, Attorney-in-Fact for Valerie Jarrett, signed the report. |
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