Meridith Webster - Nov 1, 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
Nov 1, 2023
Transactions value $
-$30,038
Form type
4
Date filed
11/2/2023, 04:07 PM
Previous filing
Aug 30, 2023
Next filing
Feb 27, 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 +782 +68.24% $0.00 1.93K Nov 1, 2023 Direct F1, F2
transaction EL Class A Common Stock Tax liability -$30K -283 -14.68% $106.14 1.65K 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 -291 -50% $0.00 291 Nov 1, 2023 Class A Common Stock 291 Direct F2, F4, F5
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -491 -33.31% $0.00 983 Nov 1, 2023 Class A Common Stock 491 Direct F2, F4, F6
* 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 granted September 2, 2021. Assuming continued employment, these annual RSUs will vest and be paid out as follows: 291 on November 1, 2024.
F6 RSUs granted September 6, 2022. Assuming continued employment, these annual RSUs will vest and be paid out as follows: 491 on November 1, 2024; and 492 on November 3, 2025.