Sundar PichaiSundar Pichai earned $164M in 2023

Patrice Louvet has been the CEO of Ralph Lauren Corporation since July 2017. He came from Procter & Gamble where he led significant global brands. Patrice's military background as a Naval Officer adds to his leadership experience. Under his direction,...

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Patrice Louvet

CEO of Ralph Lauren

Education

Not specified

Sector of Economy

Consumer Cyclical

Born

July 30, 2024 - 0 years ago

CEO of Ralph Lauren for

7 years 11 months (May 2017 - Present)

Previous Experience

Not specified

Holdings

See how much did Patrice Louvet make over time.

Patrice Louvet's stock holdings have seen major ups and downs, peaking at $39.63 million in December 2020 during a surge in Ralph Lauren's stock value after COVID-19. Since then, his wealth in stocks has decreased due to market fluctuations but...

Total Stock Sold

$66.02M

PG

$26.74M

308,905 PG shares

RL

$39.28M

308,289 RL shares

What if they kept their stock?

If Patrice Louvet didn't sell their stock, today they would have:
Extra PG308,905 shares worth $35.42M and RL308,289 shares worth $24.79M.
This is -8.8% and $5.81M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Patrice Louvet.

RL

$5.46M

RL at $227.48/share

Dec 11, 2024

Sale

RL

42,459 shares

RL

Aug 15, 2024

Received

RL

48,322 shares

RL

Jun 3, 2024

Received

RL

$11.96M

RL at $124.93/share

Nov 27, 2023

Sale

RL

46,275 shares

RL

Aug 15, 2023

Received

RL

$1.16M

RL at $125.00/share

Jul 10, 2023

Sale

RL

$2.31M

RL at $125.00/share

Jan 23, 2023

Sale

RL

$2.22M

RL at $120.00/share

Jan 18, 2023

Sale

RL

49,149 shares

RL

Aug 15, 2022

Received

RL

34,313 shares

RL

May 31, 2022

Received

Compensation History

See how much did Patrice Louvet make over time.

In 2023, Patrice Louvet's total compensation was about $1.85 million. His base salary stood at $1.35 million, with up to $4.5 million in performance-based bonuses, depending on the company's revenue and profit. The majority of his earnings come from the bonus structure as there were no stock awards vested for that year. Over the years, his compensation has varied significantly, with a high of over $14 million in past years when his bonuses were substantial. Louvet has various benefits that include car services for commuting and financial planning assistance. Furthermore, his agreements underscore a strong incentive for him to achieve set performance metrics, aligning his interests with the overall health of Ralph Lauren Corporation.

Year

2023

Total Compensation

$5.98M

Salary

$1.35M

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on cash compensation and performance-based bonuses.

Bonus

$4.54M

Board Justification

Annual cash incentive bonus based on performance metrics established by the Executive Officer Annual Incentive Plan (EOAIP) for Fiscal 2024.

Other

$91.25K

Board Justification

Includes car service for travel to and from the office, financial planning services, and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the focus is on cash compensation and bonuses for the year.

Performance Metrics

Performance metrics for the bonus included Total Company Revenue and Total Company Operating Profit Margin.

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