Jane Hertzmark - Nov 1, 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Group President
Signature
Jane Hertzmark Hudis, by Maureen Sladek, attorney-in-fact
Stock symbol
EL
Transactions as of
Nov 1, 2021
Transactions value $
-$3,942,596
Form type
4
Date filed
11/2/2021, 05:46 PM
Previous filing
Sep 7, 2021
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Options Exercise $0 +21.2K +53.73% $0.00 60.6K Nov 1, 2021 Direct F1, F2
transaction EL Class A Common Stock Tax liability -$3.94M -12.2K -20.06% $324.28 48.5K Nov 1, 2021 Direct F3

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 Restricted Stock Units (Share Payout) Options Exercise $0 -14.5K -100% $0.00* 0 Nov 1, 2021 Class A Common Stock 14.5K $0.00 Direct F2, F4, F5
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -2.31K -100% $0.00* 0 Nov 1, 2021 Class A Common Stock 2.31K $0.00 Direct F2, F4, F6
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -2.01K -50% $0.00 2.01K Nov 1, 2021 Class A Common Stock 2.01K $0.00 Direct F2, F4, F7
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -2.39K -33.33% $0.00 4.78K Nov 1, 2021 Class A Common Stock 2.39K $0.00 Direct F2, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout of shares upon vesting of portions of Restricted Stock Units ("RSUs") granted September 4, 2018, September 3, 2019, and September 3, 2020.
F2 Not applicable.
F3 Represents the withholding of shares for tax purposes.
F4 RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments. 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.
F5 RSUs from non-annual grant dated September 4, 2018.
F6 RSUs from annual grant dated September 4, 2018.
F7 RSUs from annual grant dated September 3, 2019. Assuming continued employment, these RSUs will vest and be paid out as follows: 2,005 on November 1, 2022.
F8 RSUs from annual grant dated September 3, 2020. Assuming continued employment, these RSUs will vest and be paid out as follows: 2,388 on November 1, 2022; and 2,389 on November 1, 2023.