Stephane de la Faverie - Nov 1, 2023 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Executive Group President
Signature
Stephane de la Faverie, by Maureen Sladek, attorney-in-fact
Stock symbol
EL
Transactions as of
Nov 1, 2023
Transactions value $
-$386,561
Form type
4
Date filed
11/2/2023, 04:06 PM
Previous filing
Aug 30, 2023
Next filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Options Exercise $0 +6.77K +213.66% $0.00 9.94K Nov 1, 2023 Direct F1, F2
transaction EL Class A Common Stock Tax liability -$387K -3.64K -36.63% $106.14 6.3K Nov 1, 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 -871 -100% $0.00* 0 Nov 1, 2023 Class A Common Stock 871 Direct F2, F4, F5
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -3.44K -100% $0.00* 0 Nov 1, 2023 Class A Common Stock 3.44K Direct F2, F4, F6
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -747 -50% $0.00 747 Nov 1, 2023 Class A Common Stock 747 Direct F2, F4, F7
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -1.64K -33.33% $0.00 3.28K Nov 1, 2023 Class A Common Stock 1.64K Direct F2, F8, F9
* 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. These shares include 76.9960 shares received for dividend equivalent rights
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 unless otherwise indicated. Upon payout, shares will be withheld to cover statutory tax obligations. These RSUs, awarded to the Reporting Person prior to designation as a Section 16 Insider, are accompanied by dividend equivalent rights payable in shares at the time of the payout of the related shares.
F5 RSUs from annual grant dated September 3, 2020.
F6 RSUs from non-annual grant dated September 3, 2020.
F7 RSUs from annual grant dated September 2, 2021. Assuming continued employment, these RSUs will vest and be paid out as follows: 747 on November 1, 2024.
F8 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 payable in cash at the time of the payout of the related shares.
F9 RSUs from annual grant dated September 6, 2022. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,638 on November 1, 2024; and 1,638 on November 3, 2025.