Roberto Canevari - Aug 28, 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
Aug 28, 2023
Transactions value $
$0
Form type
4
Date filed
8/30/2023, 03:41 PM
Previous filing
Apr 20, 2023
Next 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 Stock Option (Right to Buy) Award $0 +13K $0.00 13K Aug 28, 2023 Class A Common Stock 13K $156.39 Direct F1, F2
transaction EL Restricted Stock Units (Share Payout) Award $0 +4.5K $0.00 4.5K Aug 28, 2023 Class A Common Stock 4.5K Direct F2, F3, F4
* 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: 4,339 shares exercisable from and after January 1, 2025; 4,339 shares exercisable from and after January 1, 2026; and 4,340 shares exercisable from and after January 1, 2027.
F2 Not applicable.
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 unless otherwise indicated. 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.
F4 RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,498 on November 1, 2024; 1,498 on November 3, 2025; and 1,499 on November 2, 2026.