Meridith Webster - Aug 28, 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
Aug 28, 2023
Transactions value $
$0
Form type
4
Date filed
8/30/2023, 03:06 PM
Previous filing
May 18, 2023
Next filing
Nov 2, 2023

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 +7.46K $0.00 7.46K Aug 28, 2023 Class A Common Stock 7.46K $156.39 Direct F1, F2
transaction EL Restricted Stock Units (Share Payout) Award $0 +2.58K $0.00 2.58K Aug 28, 2023 Class A Common Stock 2.58K Direct F2, F3, F4
transaction EL Restricted Stock Units (Share Payout) Award $0 +3.2K $0.00 3.2K Aug 28, 2023 Class A Common Stock 3.2K Direct F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 2,487 shares exercisable from and after January 1, 2025; 2,487 shares exercisable from and after January 1, 2026; and 2,488 shares exercisable from and after January 1, 2027.
F2 Not applicable.
F3 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.
F4 Annual RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out as follows: 858 on November 1, 2024; 859 on November 3, 2025; and 859 on November 2, 2026.
F5 Non-annual RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out on June 30, 2026.