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

Role
Executive Vice President & CDO, Director, 10%+ Owner
Signature
Jane Lauder, by Maureen Sladek, Attorney-in-fact
Issuer symbol
EL
Transactions as of
01 Nov 2023
Net transactions value
-$152,523
Form type
4
Filing time
02 Nov 2023, 16:05:45 UTC
Previous filing
18 Oct 2023
Next filing
31 May 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 +2,597 +4.6% $0.000000 58,826 01 Nov 2023 Direct F1, F2
transaction EL Class A Common Stock Tax liability $152,523 -1,437 -2.4% $106.14 57,389 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 -983 -100% $0.000000* 0 01 Nov 2023 Class A Common Stock 983 Direct F2, F4, F5
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -629 -50% $0.000000 630 01 Nov 2023 Class A Common Stock 629 Direct F2, F4, F6
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -985 -33% $0.000000 1,972 01 Nov 2023 Class A Common Stock 985 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 3, 2020; 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, additional shares will be withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights payable in cash at the time of payout of the related shares.
F5 RSUs from grant dated September 3, 2020.
F6 RSUs from grant dated September 2, 2021. Assuming continued employment, these RSUs will vest and be paid out as follows: 630 on November 1, 2024.
F7 RSUs from grant dated September 6, 2022. Assuming continued employment, these RSUs will vest and be paid out as follows: 986 on November 1, 2024; and 986 on November 3, 2025.