Ralph Lauren's Merchandising Chief Sold Shares to Cover Tax Withholding
Halide Alagoz, Ralph Lauren Corporation’s chief product and merchandising officer, sold 2,398 shares of Class A Common Stock on August 15 as part of a non-discretionary transaction to cover tax obligations from the vesting of restricted stock units. The sale totaled $928,600 based on an average price per share of $387.23. Alagoz was also awarded 2,583 new RSUs that will begin vesting in August 2027 over three years. After the transaction, she holds 19,036 shares directly, representing a 0.03% ownership stake in Ralph Lauren Corporation (RL). The company reported strong financials with an adjusted gross margin of 73.6% for Q1 and revenue growth driven by high-potential categories like women’s apparel and outerwear. Analysts suggest the transaction is routine, as tax withholding on vested RSUs is common among executives. Alagoz's role in driving merchandising performance has contributed to Ralph Lauren’s margin improvements and product category growth.
Tickers: $RL
Topics: Ralph Lauren restricted stock units SEC filing tax withholding