Ralph Lauren Corp. insider Wei Zhang reported a change in beneficial ownership involving the company’s Class A common stock tied to restricted stock units, with the report dated July 10, 2026 and filed July 14, 2026. The filing indicates that Zhang received additional restricted stock units as a result of Ralph Lauren’s payment of a cash dividend on its Class A common stock. These units are not described as an open-market purchase or sale. Instead, they represent dividend-equivalent RSUs credited in respect of restricted stock units that Zhang had previously been granted under Ralph Lauren’s 2019 Long-Term Stock Incentive Plan. The securities involved are Ralph Lauren Class A common stock, but in restricted stock unit form. The filing note states that the RSUs are payable solely in shares of the company’s Class A common stock. This means the dividend-related adjustment increased Zhang’s equity-linked holdings rather than providing a direct cash payment, preserving the alignment between the insider’s compensation and Ralph Lauren’s stock performance. The provided filing text does not include the number of RSUs credited, a transaction price, a transaction code, or Zhang’s post-transaction beneficial ownership total. It also does not report any option exercise, stock sale, or direct acquisition of shares in the market. The action appears to be an administrative equity-compensation adjustment triggered by the company’s dividend, affecting previously granted RSUs under the long-term incentive plan. The report was signed on Zhang’s behalf by Avery S. Fischer as attorney-in-fact on July 14, 2026.