Meridith Webster - May 17, 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
Stock symbol
EL
Transactions as of
May 17, 2023
Transactions value $
-$55,531
Form type
4
Date filed
5/18/2023, 01:19 PM
Previous filing
Nov 2, 2022
Next filing
Aug 30, 2023

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 +122.4% $0.00 1.43K May 17, 2023 Direct F1
transaction EL Class A Common Stock Tax liability -$55.5K -284 -19.86% $195.53 1.15K May 17, 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% $0.00 787 May 17, 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.