Meridith Webster - May 17, 2024 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
EVP Global Comm/Public Affairs
Signature
Meridith Webster, by Spencer G. Smul, attorney-in-fact
Stock symbol
EL
Transactions as of
May 17, 2024
Transactions value $
-$38,715
Form type
4
Date filed
5/20/2024, 11:59 AM
Previous filing
Feb 27, 2024
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 +787 +47.84% 2.43K May 17, 2024 Direct F1
transaction EL Class A Common Stock Tax liability -$38.7K -284 -11.68% $136.32 2.15K May 17, 2024 Direct F2

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 -787 -100% 0 May 17, 2024 Class A Common Stock 787 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Represents the withholding of shares for tax purposes.
F3 Restricted Stock Units ("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.
F4 Non-annual RSUs granted May 17, 2021. These RSUs were fully vested as of May 17, 2024.