Louvet Patrice 4

What Happened

• Patrice Louvet, President, CEO and Director of Ralph Lauren Corp (RL), sold a total of 47,000 shares in open-market transactions on February 10, 2026, generating approximately $16,648,556 in proceeds. Individual lots were sold at weighted-average prices ranging roughly from $347.36 up to $362.10 (multiple execution prices within $347–$362 ranges are reported in footnotes). The sales were reported as routine dispositions (transaction code S).

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-11 (timely).
• Total shares sold: 47,000; approximate total proceeds: $16,648,556.
• Price details: several weighted-average prices reported; footnotes indicate the shares were sold in multiple transactions within price bands (e.g., $347.00–$362.99 ranges). The registrant undertakes to provide a breakdown of shares sold at each separate price on request.
• Plan/authorization: Sales were made pursuant to a Rule 10b5-1 plan adopted by Mr. Louvet on November 10, 2025 (footnote F1), stated as for estate planning and investment diversification.
• Shares owned after transaction: not specified in the summary data provided in your request (not reported here).
• Transaction type: Open-market sales (S). No options exercised, gifts, or tax-withholding sales were indicated.

Context

• Sales under a pre-established 10b5-1 plan are typically pre-arranged trades that allow insiders to sell shares at scheduled times and are generally considered routine liquidity rather than an ad hoc signal about company fundamentals. Retail investors often view purchases as more informative of insider conviction; these sales reflect diversification/estate-planning activity per the filing.