Form 4: Estee Lauder Executive Meridith Webster Reports Stock Transactions
SEC Form 4
Meridith Webster, EVP at Estee Lauder, reports the vesting and payout of restricted stock units and associated tax withholding.
Summary
- Meridith Webster, an Executive Vice President at Estee Lauder Companies Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On November 1, 2024, Ms. Webster received 1,640 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs).
- Also on November 1, 2024, 593 shares were withheld for tax purposes at a price of $67.76 per share.
- The transactions involved RSUs granted on September 2, 2021, September 6, 2022, and August 28, 2023.
- After these transactions, Ms. Webster directly owns 3,195 shares of Class A Common Stock and holds derivative securities representing 2,210 shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't contain information that would significantly sway investor sentiment.
Future Outlook
The document indicates future vesting dates for RSUs in November 2025 and November 2026, contingent upon continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based awards.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies, particularly for executives.
- Companies like L'Oreal, Unilever, and Procter & Gamble also utilize stock options and restricted stock units as part of their executive compensation packages.
- The vesting schedules and tax withholding practices described in the filing are typical for RSU grants.
Stakeholder Impact
- The vesting of RSUs impacts the ownership structure of the company, albeit in a minor way.
- Tax withholding affects the executive's net compensation.
Key Dates
| Date | Description |
|---|---|
| 2021-09-02 | Date of grant for some of the Restricted Stock Units (RSUs). |
| 2022-09-06 | Date of grant for some of the Restricted Stock Units (RSUs). |
| 2023-08-28 | Date of grant for some of the Restricted Stock Units (RSUs). |
| 2024-11-01 | Date of the reported transactions: vesting of RSUs and tax withholding. |
| 2024-11-03 | Future vesting date for 492 RSUs granted September 6, 2022. |
| 2025-11-02 | Future vesting date for 859 RSUs granted August 28, 2023. |
| 2025-11-03 | Future vesting date for 858 RSUs granted August 28, 2023. |
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