Ralph Lauren CEO Sells $7.4 Million Worth of Shares for Tax Withholding
Patrice Louvet, CEO of Ralph Lauren Corporation (NYSE: RL), sold 19,213 shares of Class A Common Stock on August 15 to cover tax liabilities from the vesting of restricted stock units that same day. The transaction was non-discretionary and part of standard executive compensation practices involving automatic tax withholding. The sale resulted in a net increase in Louvet's equity stake, as more shares vested than were withheld for taxes. After the transaction, he retained 129,485 directly held Class A Common Stock shares valued at $49.11 million. This represents approximately 0.2% ownership of Ralph Lauren Corporation. The company reported strong first-quarter performance with revenue up 14%, and management raised its full-year guidance to reflect continued growth in key markets like Asia, particularly China.
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