Form 4: Lynn Forester de Rothschild Reports Stock Unit Grant from Estee Lauder Companies Inc.

Lynn Forester de Rothschild, a director of Estee Lauder Companies Inc., reports the acquisition of stock units in lieu of cash for quarterly board and committee member retainers.

Summary

• Lynn Forester de Rothschild, a director of Estee Lauder Companies Inc. [EL], filed a Form 4 on February 28, 2024.
• The report details a transaction on February 27, 2024, where Ms. Forester de Rothschild acquired stock units in lieu of cash for quarterly board and committee member retainers.
• She received 181.8 stock units, each convertible into cash equal to one share of Class A Common Stock.
• The price of the stock units was $148.51.
• Following the reported transaction, Ms. Forester de Rothschild beneficially owns 73,269.41 stock units directly.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock unit grant, indicating a neutral sentiment.

Future Outlook

The stock units (cash payout) will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company.

Industry Context

This filing is a routine disclosure related to director compensation in the form of stock units, a common practice among publicly traded companies.

Stakeholder Impact

• The grant of stock units aligns the director's interests with those of the shareholders.

Key Dates