Form 4: Valerie Jarrett Reports Acquisition of Ralph Lauren Corp Class A Common Stock Due to Dividend Payment

Director Valerie Jarrett reports acquiring 4.06 shares of Ralph Lauren Corp Class A Common Stock due to a dividend payment on restricted stock units.

Summary

• Valerie Jarrett, a director of Ralph Lauren Corp, filed a Form 4 on October 15, 2024, reporting a transaction that occurred on October 11, 2024.
• The transaction involved the acquisition of 4.06 shares of Class A Common Stock due to the payment of a cash dividend on restricted stock units.
• These 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.
• Following the transaction, Jarrett beneficially owns 5,489.06 shares of Class A Common Stock directly.
• The total also reflects a deduction for cash paid in lieu of approximately 0.8 fractional shares of the Issuer's Class A Common Stock upon vesting of previously-granted restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and dividend payments, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through a dividend payment.

Key Dates