Patrice Louvet - Jul 10, 2023 Form 4 Insider Report for RALPH LAUREN CORP (RL)

Role: President and CEO, Director
Signature: /s/ Avery S. Fischer, Attorney-in-Fact for Patrice Louvet
Stock symbol: RL
Transactions as of: Jul 10, 2023
Transactions value $: -$1,159,000
Form type: 4
Date filed: 7/12/2023, 05:07 PM
Previous filing: Jan 25, 2023
Next filing: Aug 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RL	Class A Common Stock	Sale	-$1.16M	-9.27K	-4.58%	$125.00	193K	Jul 10, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id	Content
F1	These sales were made pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on December 15, 2022, in connection with a long-term strategy for estate planning and investment diversification.