Roberto Canevari - Nov 1, 2022 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Executive Vice President
Signature
Roberto Canevari, by Maureen Sladek, attorney-in-fact
Stock symbol
EL
Transactions as of
Nov 1, 2022
Transactions value $
-$62,825
Form type
4
Date filed
11/2/2022, 04:08 PM
Previous filing
Sep 8, 2022
Next filing
Apr 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Options Exercise +549 +51.74% 1.61K Nov 1, 2022 Direct F1, F2
transaction EL Class A Common Stock Tax liability -$62.8K -304 -18.88% $206.66 1.31K Nov 1, 2022 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 -549 -33.33% 1.1K Nov 1, 2022 Class A Common Stock 549 Direct F2, F4, F5
* 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 a portion of Restricted Stock Units ("RSUs") granted September 2, 2021.
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 unless otherwise indicated. 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 the payout of the related shares.
F5 RSUs from annual grant dated September 2, 2021. Assuming continued employment, these RSUs will vest and be paid out as follows: 549 on November 1, 2023; and 549 on November 1, 2024.