Meridith Webster - Sep 2, 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
EVP Global Comm/Public Affairs
Signature
Meridith Webster, by Maureen Sladek, attorney-in-fact
Stock symbol
EL
Transactions as of
Sep 2, 2021
Transactions value $
$0
Form type
4
Date filed
9/7/2021, 06:05 PM
Previous filing
May 17, 2021
Next filing
May 18, 2022

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 +3.37K 3.37K Sep 2, 2021 Class A Common Stock 3.37K $344.06 Direct F1, F2
transaction EL Restricted Stock Units (Share Payout) Award +872 872 Sep 2, 2021 Class A Common Stock 872 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 1,124 shares exercisable from and after January 1, 2023; 1,124 shares exercisable from and after January 1, 2024; and 1,124 shares exercisable from and after January 1, 2025.
F2 Not applicable.
F3 Assuming continued employment, these Restricted Stock Units ("RSUs") will vest and be paid out as follows: 290 on November 1, 2022; 291 on November 1, 2023; and 291 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.