Form 4: Estee Lauder Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
Roberto Canevari, Executive Vice President at Estee Lauder, reports the vesting and payout of restricted stock units and related tax withholding.
Summary
- Roberto Canevari, an Executive Vice President at Estee Lauder, filed a Form 4 detailing changes in beneficial ownership.
- On April 19, 2024, Canevari received 1,996 Class A Common Stock shares from the payout of Restricted Stock Units (RSUs) granted on April 19, 2021.
- Also on April 19, 2024, 843 shares of Class A Common Stock were withheld for tax purposes at a price of $144.47 per share.
- Following these transactions, Canevari directly owns 4,854 shares of Class A Common Stock.
- The reported transactions also involved the payout of 1,079 and 917 Restricted Stock Units from non-annual and annual grants respectively, both dated April 19, 2021.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/19/2021 | Date of original RSU grants |
| 04/19/2024 | Date of RSU payout and tax withholding |
| 04/22/2024 | Date of Form 4 filing |
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