Cedric Prouve - Sep 2, 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Group President, International
Signature
Cedric Prouve, by Maureen Sladek, attorney-in fact
Stock symbol
EL
Transactions as of
Sep 2, 2021
Transactions value $
$0
Form type
4
Date filed
9/7/2021, 06:04 PM
Previous filing
May 12, 2021
Next filing
Nov 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Award $0 +14.9K +8.8% $0.00 185K Sep 2, 2021 Direct F1
transaction EL Class A Common Stock Tax liability $0 -7.94K -4.3% $0.00 177K Sep 2, 2021 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 Option (right to buy) Award +20.4K 20.4K Sep 2, 2021 Class A Common Stock 20.4K $344.06 Direct F3, F4
transaction EL Restricted Stock Units (Share Payout) Award +5.29K 5.29K Sep 2, 2021 Class A Common Stock 5.29K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects payout of Performance Share Units ("PSUs") granted to Reporting Person on September 4, 2018.
F2 Represents the withholding of shares for tax purposes in connection with the payout of the PSUs.
F3 Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 6,815 shares exercisable from and after January 1, 2023; 6,815 shares exercisable from and after January 1, 2024; and 6,816 shares exercisable from and after January 1, 2025.
F4 Not applicable.
F5 Assuming continued employment, these Restricted Stock Units ("RSUs") will vest and be paid out as follows: 1,762 on November 1, 2022; 1,763 on November 1, 2023; and 1,763 on November 1, 2024. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. Upon payout, shares will be withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights that will be payable in cash at the time of payout of the related shares.