Ralph Lauren Corp. reported an insider ownership change for Wei Zhang involving the company’s Class A Common Stock, with the transaction dated July 10, 2026 and the Form 4 filed on July 14, 2026. The filing indicates that Zhang received restricted stock units tied to Ralph Lauren’s Class A Common Stock as a result of the company’s payment of a cash dividend on its Class A shares. These additional RSUs were issued in respect of restricted stock units that had previously been granted to Zhang under Ralph Lauren’s 2019 Long-Term Stock Incentive Plan. The reported action does not describe an open-market purchase or sale, and the filing text provided does not include a transaction price, transaction code, number of RSUs credited, or Zhang’s beneficial ownership total after the transaction. The explanatory note makes clear that the RSUs are payable solely in shares of Ralph Lauren Class A Common Stock, meaning they represent dividend-equivalent equity compensation rather than cash compensation or a market trade. The filing was signed on Zhang’s behalf by Avery S. Fischer, attorney-in-fact, on July 14, 2026. The key significance of the report is that Zhang’s equity-linked holdings increased through dividend-related RSU adjustments under an existing incentive plan, rather than through a discretionary purchase or sale of Ralph Lauren stock.