Barry S. Sternlicht - May 18, 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Director
Signature
Barry S. Sternlicht, Maureen Sladek, Attorney-in-fact
Stock symbol
EL
Transactions as of
May 18, 2021
Transactions value $
$26,999
Form type
4
Date filed
5/19/2021, 02:07 PM
Previous filing
May 19, 2021
Next filing
May 20, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EL Stock Units (Cash Payout) Award $27K +91.2 +0.23% $296.20 40K May 18, 2021 Class A Common Stock 91.2 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Stock Unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock (i.e. 1:1).
F2 Represents grant of Stock Units in lieu of cash for quarterly board and committee member retainers.
F3 The Stock Units (cash payout) will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company.