Form 4: Estee Lauder Executive Carl P. Haney Reports Stock Transactions
SEC Form 4 Filing
Carl P. Haney, EVP of Research, Product & Innovation at Estee Lauder, reported the vesting and payout of restricted stock units and associated tax withholding on November 1, 2024.
Summary
- On November 1, 2024, Carl P. Haney, EVP of Research, Product & Innovation at Estee Lauder, reported transactions involving Class A Common Stock.
- These transactions included the vesting and payout of 8,181 shares from Restricted Stock Units (RSUs).
- 3,375 shares were withheld for tax purposes at a price of $67.76 per share.
- Following these transactions, Haney directly owns 11,847 shares of Class A Common Stock.
- He also holds 1,248 RSUs that will vest on November 3, 2025, and 3,476 RSUs that will vest in two installments on November 3, 2025, and November 2, 2026.
- The reported transactions were executed under Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The reporting person holds additional RSUs that will vest on November 3, 2025 (1,248 shares), and in two installments on November 3, 2025, and November 2, 2026 (1,738 shares each), assuming continued employment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Estee Lauder. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages including RSUs are standard practice among publicly traded companies, including competitors like L'Oreal, Unilever, and Procter & Gamble.
- The vesting schedules and terms of RSUs are generally aligned with industry norms to incentivize long-term performance and retention.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard compensation practices for executives.
- Employees may be interested in the vesting schedules and terms of RSUs as they relate to their own compensation packages.
Key Dates
| Date | Description |
|---|---|
| 09/02/2021 | Date of grant for some of the Restricted Stock Units (RSUs) that vested on 11/01/2024 |
| 09/06/2022 | Date of grant for some of the Restricted Stock Units (RSUs) that vested on 11/01/2024 |
| 08/28/2023 | Date of grant for some of the Restricted Stock Units (RSUs) that vested on 11/01/2024 |
| 11/01/2024 | Date of transaction: Vesting and payout of Restricted Stock Units and tax withholding. |
| 11/03/2025 | Vesting date for 1,248 Restricted Stock Units. |
| 11/02/2026 | Vesting date for 1,738 Restricted Stock Units. |
| 11/04/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.