Meridith Webster - 17 May 2023 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
Issuer symbol
EL
Transactions as of
17 May 2023
Net transactions value
-$55,531
Form type
4
Filing time
18 May 2023, 13:19:45 UTC
Previous filing
02 Nov 2022
Next filing
30 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Options Exercise $0 +787 +122% $0.000000 1,430 17 May 2023 Direct F1
transaction EL Class A Common Stock Tax liability $55,531 -284 -20% $195.53 1,146 17 May 2023 Direct

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 -787 -50% $0.000000 787 17 May 2023 Class A Common Stock 787 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 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 the payout of the related shares.
F3 RSUs granted May 17, 2021. Assuming continued employment, these non-annual RSUs will vest and be paid out as follows: 787 on May 17, 2024.