Lauren David R.'s Form 4 filing
Ralph Lauren Corp (RL) · filed Mar 6, 2024
- Accession no.
- 0000950170-24-027203
- Filed
- Mar 6, 2024, 4:30 PM ET
- Trade date
- Mar 4, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $531.5M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Lauren David R.CIK 0001584102 | Director, Officer (Vice Chair, Chief Innovation), 10% Owner |
| Lauren Family, L.L.C.CIK 0001485891 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 4, 2024 | Class A Common Stock | CConversionAcquired | +3,000,000 | –F1 | – | 3,000,000 | Direct | |
| Mar 4, 2024 | Class A Common Stock | SSaleDisposed | −3,000,000 | $177.15 | −$531,450,000 | 0 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 4, 2024 | Class A Common Stock | CConversionDisposed | −3,000,000 | $0.00 | $0 | 2,842,342 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.
Remarks
Following the sale reported herein, the Lauren Family, L.L.C., is no longer a 10% beneficial owner and this reflects an exit filing by Lauren Family, L.L.C.