Jane Hertzmark - Aug 27, 2024 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Executive Group President
Signature
Jane Hertzmark Hudis, by Spencer G. Smul, attorney-in-fact
Stock symbol
EL
Transactions as of
Aug 27, 2024
Transactions value $
$0
Form type
4
Date filed
8/29/2024, 05:03 PM
Previous filing
Nov 2, 2023

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) Award +17.9K 17.9K Aug 27, 2024 Class A Common Stock 17.9K Direct F1, F2, F3
transaction EL Stock Option (Right to Buy) Award +27.7K 27.7K Aug 27, 2024 Class A Common Stock 27.7K $92.87 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 unless otherwise indicated. Upon payout, shares are 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.
F2 Not applicable.
F3 RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 5,953 on November 3, 2025; 5,954 on November 2, 2026; and 5,954 on November 1, 2027.
F4 Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 9,231 shares exercisable from and after November 3, 2025; 9,232 shares exercisable from and after November 2, 2026; and 9,232 shares exercisable from and after November 1, 2027.