LAUDER JANE - 08 Dec 2023 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Executive Vice President & CDO, Director, 10%+ Owner
Signature
Jane Lauder, by Spencer G. Smul, Attorney-in-fact
Issuer symbol
EL
Transactions as of
08 Dec 2023
Net transactions value
-$674,369
Form type
4
Filing time
31 May 2024, 12:57:23 UTC
Previous filing
02 Nov 2023
Next filing
17 Jan 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 $1,141,620 +14,976 +26% $76.23 72,365 30 May 2024 Direct F1
transaction EL Class A Common Stock Sale $1,815,990 -14,976 -21% $121.26 57,389 30 May 2024 Direct F2, 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 Stock Option (Right to Buy) Options Exercise -14,976 -100% 0 30 May 2024 Class A Common Stock 14,976 $76.23 Direct F1, F4
transaction EL Class B Common Stock Gift -10 -0% 17,161,010 08 Dec 2023 Class A Common Stock 10 Trustee of Jane A. Lauder 2003 Trust F4, F5, F6
transaction EL Class B Common Stock Gift +10 +0% 275,010 08 Dec 2023 Class A Common Stock 10 Direct F4, F5, F6
holding EL Class B Common Stock 4,910,594 08 Dec 2023 Class A Common Stock 4,910,594 Co-Trustee of Zinterhofer 2008 Descendants Trust F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 4,992 shares exercisable from and after January 1, 2016; 4,992 shares exercisable from and after January 1, 2017; and 4,992 shares exercisable from and after January 1, 2018.
F2 The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.
F3 Sales prices range from $120.93 to $121.60 per share, inclusive.
F4 Not applicable.
F5 There is no exercise or conversion price for the Class B Common Stock. Share of Class B Common Stock (1) may be converted immediately on a one-for-one basis by the holder into shares of Class A Common Stock and (ii) are automatically converted into Class A Common Stock on a one-for-one basis upon transfer to a person or entity that is not a "Permitted Transferee" (as defined in Issuer's Restated Certificate of Incorporation) or soon after a record date for a meeting of stockholders where the outstanding Class B Common Stock constitutes less than 10% of the outstanding shares of Common Stock of the Issuer.
F6 JAL 2003 Trust transferred the shares to Jane Lauder for no consideration.