Form 4: Estee Lauder CEO Freda Fabrizio Reports Stock Transactions
SEC Form 4
CEO Freda Fabrizio reports the payout of Performance Share Units and withholding of shares for tax purposes.
Summary
- On September 3, 2024, Freda Fabrizio, the President and CEO of Estee Lauder Companies Inc., reported transactions involving Class A Common Stock.
- Fabrizio received 195,940 shares of Class A Common Stock from the payout of Performance Share Units (PSUs) granted on February 14, 2018.
- Additionally, 103,752 shares were withheld for tax purposes at a price of $91.75 per share.
- Following these transactions, Fabrizio directly owns 286,974 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in Fabrizio's holdings, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 2018/02/14 | Date Performance Share Units (PSUs) were granted to Freda Fabrizio. |
| 2024/09/03 | Date of stock transactions: payout of PSUs and tax withholding. |
| 2024/09/04 | Date of signature on the Form 4 filing. |
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