Ralph Lauren Corporation (NYSE: RL ) has reported a significant stock transaction by one of its top executives. Jane Nielsen, the company's Chief Operating Officer, sold a total of 67,243 shares of Class A Common Stock, resulting in proceeds exceeding $11.5 million.
The sales were executed on May 24, 2024, at varying prices ranging from $170.80 to $172.52 per share.
The transactions were part of a planned strategy for estate planning and investment diversification, as indicated by the footnotes accompanying the filing. Nielsen's sales were spread across multiple trades within the reported price range, with the specific prices being weighted averages of the individual transactions. The first block of 39,605 shares was sold at an average price of $170.
80, with individual sales prices ranging from $170.16 to $171.15.
The second transaction involved 20,193 shares, fetching an average price of $171.67, with a price range from $171.16 to $172.
15. The final set of 7,445 shares was sold at an average of $172.52 per share, with the prices spanning from $172.
16 to $172.85. Following these transactions, Nielsen's ownership in Ralph Lauren Corporation has been adjusted to 44,591 shares of Class A Common Stock.
The reported sales are part of the regular disclosure of stock transactions by company insiders, providing transparency to investors and the market. Investors often monitor insider transactions as they offer insights into executives' perspectives on the company's stock value and fu.
