Michael O'hare - Sep 2, 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Signature
Michael O'Hare, by Maureen Sladek, attorney-in-fact
Stock symbol
EL
Transactions as of
Sep 2, 2021
Transactions value $
-$1,011,351
Form type
4
Date filed
9/7/2021, 06:03 PM
Next filing
Nov 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Award $0 +6.92K $0.00 6.92K Sep 2, 2021 Direct F1
transaction EL Class A Common Stock Tax liability $0 -3.97K -57.39% $0.00 2.95K Sep 2, 2021 Direct F2
transaction EL Class A Common Stock Sale -$1.01M -2.95K -100% $343.18 0 Sep 3, 2021 Direct

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 Option (right to buy) Award +10.3K 10.3K Sep 2, 2021 Class A Common Stock 10.3K $344.06 Direct F3, F4
transaction EL Restricted Stock Units (Share Payout) Award +2.66K 2.66K Sep 2, 2021 Class A Common Stock 2.66K Direct F4, F5
transaction EL Restricted Stock Units (Share Payout) Award +4.36K 4.36K Sep 2, 2021 Class A Common Stock 4.36K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects payout of Performance Share Units ("PSUs") granted to Reporting Person on September 4, 2018.
F2 Represents the withholding of shares for tax purposes in connection with the payout of the PSUs.
F3 Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 3,435 shares exercisable from and after January 1, 2023; 3,435 shares exercisable from and after January 1, 2024; and 3,436 shares exercisable from and after January 1, 2025.
F4 Not applicable.
F5 Assuming continued employment, these annual Restricted Stock Units ("RSUs") will vest and be paid out as follows: 888 on November 1, 2022; 888 on November 1, 2023; and 888 on November 1, 2024. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. Upon payout, shares will be withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights that will be payable in cash at the time of payout of the related shares.
F6 Assuming continued employment, these non-annual Restricted Stock Units ("RSUs") will vest and be paid out on November 1, 2024. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. Upon payout, shares will be withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights that will be payable in cash at the time of payout of the related shares.