MICHAEL O'HARE - 01 Nov 2023 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
EVP-Global Human Resources
Signature
Michael O'Hare, by Maureen Sladek, attorney-in-fact
Issuer symbol
EL
Transactions as of
01 Nov 2023
Net transactions value
-$167,913
Form type
4
Filing time
02 Nov 2023, 16:09:05 UTC
Previous filing
30 Aug 2023
Next filing
29 Aug 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 +3,656 +426% $0.000000 4,515 01 Nov 2023 Direct F1, F2
transaction EL Class A Common Stock Tax liability $167,913 -1,582 -35% $106.14 2,933 01 Nov 2023 Direct F3
holding EL Class A Common Stock 1,644 01 Nov 2023 Joint account with spouse

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 -1,472 -100% $0.000000* 0 01 Nov 2023 Class A Common Stock 1,472 Direct F2, F4, F5
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -888 -50% $0.000000 888 01 Nov 2023 Class A Common Stock 888 Direct F2, F6
transaction EL Restricted Stock Units (Share Payout) Options Exercise $0 -1,296 -33% $0.000000 2,593 01 Nov 2023 Class A Common Stock 1,296 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 annual RSUs will vest and be paid out as follows: 888 on November 1, 2024.
F7 RSUs from grant dated September 6, 2022. Assuming continued employment, these annual RSUs will vest and be paid out as follows: 1,296 on November 1, 2024; and 1,297 on November 3, 2025.