Roger Farah, president and chief operating officer of Polo Ralph Lauren Corp., sold more than one-third of his stock in the company this week and converted it into almost $6.8 million in cash.
According to a Form 4 filing with the Securities and Exchange Commission, Farah sold 99,458 shares of Polo stock for an average price of $68.21 a share beginning on Aug. 10. Had those same shares been sold on July 10, when Polo’s stock closed at $50.54, they would have generated about $1.8 million less in cash.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)