Ralph Lauren Corporation management check
RL · Consumer Discretionary · Apparel, Accessories & Luxury Goods · CEO Patrice Louvet
Filings as of
5 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2022 grew to $298, against $59 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.79 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
2.5% of net income$23.3m of reported pay in fiscal 2026, against $941.1m of net income.
- Watch
Do they own the stock?
CEO stake ≈ 2.5 years of payThe CEO holds 148,698 shares, directly or through trusts (unvested awards not counted): about 2.5 years of pay. 3 insiders sold $105.8m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -3.2% a year over the last three fiscal years. Stock-based pay was 1.4% of revenue in the latest year.
- Good
Is leadership stable?
4 leadership filings in 3 yearsCEO in the pay table: Mr. Louvet. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 70 | |
| Pay for performance | 90 | 79 | |
| CEO cost | 17 | 44 | |
| Skin in the game | 35 | 36 | |
| Dilution | 90 | 74 | |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Apparel, Accessories & Luxury Goods, by management score. Ralph Lauren Corporation is 15th of 47 in its sector.
Pay versus performance
From the proxy statement filed June 18, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Mr. Louvet | $23.3m | $62.8m | $8.5m | $298 | $59 | $941.1m |
| 2025 | Mr. Louvet | $23.1m | $40.2m | $9.6m | $348 | $114 | $742.9m |
| 2024 | Mr. Louvet | $16.6m | $42.0m | $8.2m | $298 | $134 | $646.3m |
| 2023 | Mr. Louvet | $14.5m | $14.0m | $7.6m | $181 | $138 | $522.7m |
| 2022 | Mr. Louvet | $18.6m | $18.1m | $12.6m | $169 | $176 | $600.1m |
The board says pay is tied most to Adjusted Operating Profit Margin. Its other key measures: Total Company Revenue, Relative Total Shareholder Return, Adjusted Return on Invested Capital.
Insiders and the CEO's stake
Patrice Louvet (President and CEO) held 148,698 shares directly after their latest Form 4 on Aug 15, 2026, roughly $57.6m at that filing's price.
3 insiders sold $105.8m in the last six months and none bought.
- SoldRalph LaurenExec. Chair, Chief Creative$99.7mMay 26, 2026
- SoldRobert P. RanftlChief Operating Officer$3.4mAug 18, 2026
- SoldHalide AlagozChief Product & Merch. Officer$2.6mAug 10, 2026
Leadership and governance on file
- Sep 3, 2026Leadership change8-K 5.02
- Jan 15, 2026Leadership change8-K 5.02
- Apr 1, 2025Leadership change8-K 5.02
- Jan 21, 2025Leadership change8-K 5.02
- Nov 16, 2022Leadership change8-K 5.02
- Mar 2, 2022Leadership change8-K 5.02
Latest shareholder vote results: Aug 3, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $3.5bn returned to owners in buybacks and dividends, 101% of net income, and $475.6m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.2bn | $6.4bn | $6.6bn | $7.1bn | $8.1bn |
| Net income | $600.1m | $522.7m | $646.3m | $742.9m | $941.1m |
| Stock-based pay | $81.7m | $75.5m | $99.5m | $107.9m | $111.0m |
| Buybacks | $492.6m | $488.6m | $449.7m | $480.9m | $623.8m |
| Dividends | $150.0m | $198.3m | $194.6m | $201.1m | $216.5m |
| Diluted shares | 74m | 69m | 67m | 64m | 62m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.