Ranftl Robert P. 4

What Happened Ranftl Robert P., Chief Operating Officer of Ralph Lauren (RL), had performance-based stock units vest on 2026-06-01 that resulted in issuance of 10,904 shares (two grants: 4,650 and 6,254). To satisfy tax withholding obligations, 4,395 shares were surrendered (withheld) at a withholding value of $365.87 per share, resulting in cash-equivalent withholding of $749,292 and $858,685 (total $1,607,977). Net shares retained by Ranftl from the vesting were 6,509 shares. This was an award/vesting event with share withholding for taxes, not an open-market sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (filed within typical 2-business-day window).
• Awarded (A): 4,650 shares and 6,254 shares (total 10,904) upon vesting of performance-based stock units under the 2019 Long‑Term Stock Incentive Plan (footnote F1).
• Tax withholding (F): 2,048 shares withheld valued at $365.87 each = $749,292; 2,347 shares withheld at $365.87 each = $858,685; total withholding value = $1,607,977.
• Net shares received after withholding: 6,509 shares (10,904 issued − 4,395 withheld).
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for total post-transaction holdings.
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (share withholding).

Context This was a vesting of performance-based restricted stock units with shares issued and a portion withheld to cover taxes (a common, administrative "cashless" withholding). Because the withheld shares were used only to satisfy tax obligations rather than sold on the open market, this action should not be interpreted in the same way as a voluntary sale by the insider.