Sara E. Moss - Sep 2, 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Vice Chairman
Signature
Sara E. Moss by Maureen Sladek, attorney-in-fact
Stock symbol
EL
Transactions as of
Sep 2, 2021
Transactions value $
-$1,182,170
Form type
4
Date filed
9/7/2021, 06:03 PM
Previous filing
May 25, 2021
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 +8.1K $0.00 8.1K Sep 2, 2021 Direct F1
transaction EL Class A Common Stock Tax liability $0 -4.65K -57.39% $0.00 3.45K Sep 2, 2021 Direct F2
transaction EL Class A Common Stock Sale -$801K -2.34K -67.78% $342.33 1.11K Sep 2, 2021 Direct F3, F4, F5
transaction EL Class A Common Stock Sale -$381K -1.11K -100% $343.04 0 Sep 2, 2021 Direct F3, F4, F6
holding EL Class A Common Stock 14.7K Sep 2, 2021 Through a grantor retained annuity trust.
holding EL Class A Common Stock 45.4K Sep 2, 2021 Through a revocable trust.
holding EL Class A Common Stock 9.89K Sep 2, 2021 Through a separate grantor retained annuity trust.

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 +7.95K 7.95K Sep 2, 2021 Class A Common Stock 7.95K $344.06 Direct F7, F8
transaction EL Restricted Stock Units (Share Payout) Award +2.06K 2.06K Sep 2, 2021 Class A Common Stock 2.06K Direct F8, F9
* 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 The sales of the shares of Class A Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1(c) entered into on March 1, 2021.
F4 The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.
F5 Sales prices range from $341.72 to $342.68 per share, inclusive.
F6 Sales prices range from $342.72 to $343.42 per share, inclusive.
F7 Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 2,650 shares exercisable from and after January 1, 2023; 2,650 shares exercisable from and after January 1, 2024; and 2,651 shares exercisable from and after January 1, 2025.
F8 Not applicable.
F9 Assuming continued employment, these Restricted Stock Units ("RSUs") will vest and be paid out as follows: 685 on November 1, 2022; 686 on November 1, 2023; and 686 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.