Vanguard Portfolio Management Reports Ownership Stake Falls Below 5% in Ralph Lauren Corp

Overview of Filing

On October 30, 2026, Vanguard Portfolio Management LLC filed an amended Schedule 13G (Amendment No. 1) with the U.S. Securities and Exchange Commission regarding its holdings in Ralph Lauren Corp ($RL).

Key Highlights

• Date of Event: September 30, 2026
• Aggregate Beneficial Ownership: 1,877,553 shares of Common Stock
• Ownership Percentage: 4.98%
• Threshold Status: Item 5 confirms that the reporting person has ceased to be the beneficial owner of more than 5% of the class of securities.

Voting and Dispositive Powers

• Sole Voting Power: 7,525 shares
• Shared Voting Power: 0 shares
• Sole Dispositive Power: 1,877,553 shares
• Shared Dispositive Power: 0 shares

Market and Trading Context

As an institutional investment manager, Vanguard holds shares across various mutual funds, ETFs, and institutional client accounts. This filing reflects a reduction in aggregate holdings to below the 5% statutory disclosure threshold under Rule 13d-1(b). Because this movement is typical of passive portfolio rebalancing and index weight adjustments rather than activist intent, its market and trading significance is considered Low.