Deirdre Stanley - 28 Aug 2023 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
EVP & General Counsel
Signature
Deirdre Stanley, by Maureen Sladek, attorney-in-fact
Issuer symbol
EL
Transactions as of
28 Aug 2023
Net transactions value
-$53,494
Form type
4
Filing time
30 Aug 2023, 15:03:44 UTC
Previous filing
30 Jun 2023
Next filing
03 Oct 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 Award $0 +850 +6.1% $0.000000 14,758 28 Aug 2023 Direct F1
transaction EL Class A Common Stock Tax liability $53,494 -343 -2.3% $155.96 14,415 28 Aug 2023 Direct F2

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 Stock Option (Right to Buy) Award $0 +13,962 $0.000000 13,962 28 Aug 2023 Class A Common Stock 13,962 $156.39 Direct F3, F4
transaction EL Restricted Stock Units (Share Payout) Award $0 +4,821 $0.000000 4,821 28 Aug 2023 Class A Common Stock 4,821 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects payout of Performance Share Units ("PSUs") granted to Reporting Person on September 3, 2020.
F2 Represents the withholding of shares for tax purposes.
F3 Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 4,654 shares exercisable from and after January 1, 2025; 4,654 shares exercisable from and after January 1, 2026; and 4,654 shares exercisable from and after January 1, 2027.
F4 Not applicable.
F5 Restricted Stock Units ("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.
F6 RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,607 on November 1, 2024; 1,607 on November 3, 2025; and 1,607 on November 2, 2026.