Roberto Canevari - 01 Nov 2023 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Executive Vice President
Signature
Roberto Canevari, by Maureen Sladek, attorney-in-fact
Issuer symbol
EL
Transactions as of
01 Nov 2023
Net transactions value
-$168,656
Form type
4
Filing time
02 Nov 2023, 16:05:23 UTC
Previous filing
30 Aug 2023
Next filing
22 Apr 2024
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 +2,871 +119% $0.000000 5,290 01 Nov 2023 Direct F1, F2
transaction EL Class A Common Stock Tax liability $168,656 -1,589 -30% $106.14 3,701 01 Nov 2023 Direct F3

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 -549 -50% $0.000000 549 01 Nov 2023 Class A Common Stock 549 Direct F2, F4, F5
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -968 -33% $0.000000 1,938 01 Nov 2023 Class A Common Stock 968 Direct F2, F4, F6
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -1,354 -33% $0.000000 2,709 01 Nov 2023 Class A Common Stock 1,354 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 2, 2021; and September 6, 2022.
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. 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 payable in cash at the time of the payout of the related shares.
F5 RSUs from annual grant dated September 2, 2021. Assuming continued employment, these RSUs will vest and be paid out as follows: 549 on November 1, 2024.
F6 RSUs from annual grant dated September 6, 2022. Assuming continued employment, these RSUs will vest and be paid out as follows: 969 on November 1, 2024; and 969 on November 3, 2025.
F7 RSUs from non-annual grant dated September 6, 2022. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,354 on November 1, 2024 and 1,355 on November 3, 2025.