Roberto Canevari - Apr 19, 2023 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
Executive Vice President
Signature
Roberto Canevari, by Maureen Sladek, attorney-in-fact
Stock symbol
EL
Transactions as of
Apr 19, 2023
Transactions value $
-$224,751
Form type
4
Date filed
4/20/2023, 12:06 PM
Previous filing
Nov 2, 2022
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Options Exercise +2K +152.76% 3.3K Apr 19, 2023 Direct F1, F2
transaction EL Class A Common Stock Tax liability -$225K -882 -26.72% $254.82 2.42K Apr 19, 2023 Direct 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 Restricted Stock Units (Share Payout) Options Exercise -1.08K -49.98% 1.08K Apr 19, 2023 Class A Common Stock 1.08K Direct F2, F4, F5
transaction EL Restricted Stock Units (Share Payout) Options Exercise -917 -50% 917 Apr 19, 2023 Class A Common Stock 917 Direct F2, F4, F6
* 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 April 19, 2021.
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, 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 the payout of the related shares.
F5 RSUs from grant dated April 19, 2021. Assuming continued employment, these non-annual RSUs will vest and be paid out as follows: 1,079 on April 19, 2024.
F6 RSUs from grant dated April 19, 2021. Assuming continued employment, these annual RSUs will vest and be paid out as follows: 917 on April 19, 2024.