RALPH LAUREN CORP
For the period ended Sep 28, 2024. Filed Nov 7, 2024.
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Sep 28, 2024 · Filed Nov 7, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a)Sales of Unregistered Securities
Shares of the Company's Class B Common Stock may be converted immediately into Class A Common Stock on a one-for-one basis by the holder. There is no cash or other consideration paid by the holder converting the shares and, accordingly, there is no cash or other consideration received by the Company. The shares of Class A Common Stock issued by the Company in such conversions are exempt from registration pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended.
No shares of the Company's Class B common stock were converted into Class A common stock during the three months ended September 28, 2024.
(b) Not Applicable
(c)Stock Repurchases
The following table sets forth the repurchases of shares of the Company's Class A common stock during the three months ended September 28, 2024:
| Total Number of Shares Purchased · AveragePricePaid perShare · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · Approximate Dollar Value of SharesThat May Yet be Purchased Under the Plans or Programs(a) | |||||
|---|---|---|---|---|---|
| (millions) | |||||
| June 30, 2024 to July 27, 2024 | 433,308 | $170.07 | 433,308 | $527 | |
| July 28, 2024 to August 24, 2024 | 288,464(b) | 163.25 | 106,223 | 510 | |
| August 25, 2024 to September 28, 2024 | 47,469(c) | 172.27 | 46,229 | 502 | |
| 769,241 | 585,760 | ||||
(a)Repurchases of shares of the Company's Class A common stock are subject to overall business and market conditions.
(b)Includes 182,241 shares surrendered to or withheld by the Company in satisfaction of withholding taxes in connection with the vesting of awards issued under its long-term stock incentive plans.
(c)Includes 1,240 shares surrendered to or withheld by the Company in satisfaction of withholding taxes in connection with the vesting of awards issued under its long-term stock incentive plans.
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