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

Signature
/s/ Avery S. Fischer, Attorney-in-Fact for Patrice Louvet
Issuer symbol
RL
Transactions as of
10 Jul 2023
Net transactions value
-$1,159,000
Form type
4
Filing time
12 Jul 2023, 17:07:55 UTC
Previous filing
25 Jan 2023
Next filing
17 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RL Class A Common Stock Sale $1,159,000 -9,272 -4.6% $125.00 193,060 10 Jul 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.