Sara E. Moss - Nov 1, 2022 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
Nov 1, 2022
Transactions value $
-$382,114
Form type
4
Date filed
11/2/2022, 04:18 PM
Previous filing
Sep 8, 2022
Next filing
Nov 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Options Exercise +3.34K +108.19% 6.43K Nov 1, 2022 Direct F1, F2
transaction EL Class A Common Stock Tax liability -$382K -1.85K -28.75% $206.66 4.58K Nov 1, 2022 Direct F3
holding EL Class A Common Stock 19.9K Nov 1, 2022 Through a revocable trust.
holding EL Class A Common Stock 17K Nov 1, 2022 Through a grantor retained annuity trust established in February 2022.
holding EL Class A Common Stock 21.5K Nov 1, 2022 Through a grantor retained annuity trust established in May 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 Restricted Stock Units (Share Payout) Options Exercise -1.56K -100% 0 Nov 1, 2022 Class A Common Stock 1.56K Direct F2, F4, F5
transaction EL Restricted Stock Units (Share Payout) Options Exercise -1.1K -50% 1.1K Nov 1, 2022 Class A Common Stock 1.1K Direct F2, F4, F6
transaction EL Restricted Stock Units (Share Payout) Options Exercise -685 -33.3% 1.37K Nov 1, 2022 Class A Common Stock 685 Direct F2, F4, F7
* 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 3, 2019; September 3, 2020; and 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 unless otherwise indicated. RSUs generally vest in three approximately equal installments. Upon payout, additional 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 grant dated September 3, 2019.
F6 RSUs from grant dated September 3, 2020. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,102 on November 1, 2023.
F7 RSUs from grant dated September 2, 2021. Assuming continued employment, these RSUs will vest and be paid out as follows: 686 on November 1, 2023; and 686 on November 1, 2024.