Form 4 for RL Ralph Lauren Corporation
Accepted 2024-03-06 00:00:00 ET · period of report 2024-03-04 · accession 0000950170-24-027203 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-06 | 2024-03-04 | RL | Lauren David R. | Officer, Dir, 10% | S - Sale | $177.15 | -3.00M | 0 | -100% | -$531.45M |
| D | 2024-03-06 | 2024-03-04 | RL | Lauren David R. | Officer, Dir, 10% | C - Cnv Deriv | — | +3.00M | 3.00M | New | — |
| D | 2024-03-06 | 2024-03-04 | RL | Lauren David R. | Officer, Dir, 10% | C - Cnv Deriv | $0.00 | -3.00M | 2.84M | -51% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-03-04 | S | D | 3,000,000 | $177.15 | 0 | D | — | — | (F2) These securities are held by Lauren Family, L.L.C., a limited liability company of which Mr. David Lauren is a manager and in which Mr. David Lauren has an indirect pecuniary interest. Mr. David Lauren disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 2 | Common | Class A Common Stock | 2024-03-04 | C | A | 3,000,000 | — | 3,000,000 | D | — | — | (F1) The holder of the securities has the right, at the holder's option, at any time and from time to time, to convert shares of Class B Common Stock into Class A Common Stock on a one-for-one basis. On March 4, 2024, the Lauren Family, L.L.C. converted 3,000,000 shares of Class B Common Stock into an equal number of shares of Class A Common Stock and sold such shares of Class A Common Stock, in connection with a long-term strategy for estate planning and investment diversification. (F2) These securities are held by Lauren Family, L.L.C., a limited liability company of which Mr. David Lauren is a manager and in which Mr. David Lauren has an indirect pecuniary interest. Mr. David Lauren disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 3 | Derivative | Class B Common Stock | 2024-03-04 | C | D | 3,000,000 | $0.00 | 2,842,342 | D | — · — to — | 3,000,000 Class A Common Stock | (F2) These securities are held by Lauren Family, L.L.C., a limited liability company of which Mr. David Lauren is a manager and in which Mr. David Lauren has an indirect pecuniary interest. Mr. David Lauren disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F1) The holder of the securities has the right, at the holder's option, at any time and from time to time, to convert shares of Class B Common Stock into Class A Common Stock on a one-for-one basis. On March 4, 2024, the Lauren Family, L.L.C. converted 3,000,000 shares of Class B Common Stock into an equal number of shares of Class A Common Stock and sold such shares of Class A Common Stock, in connection with a long-term strategy for estate planning and investment diversification. |