Form 4: William P. Lauder Reports Changes in Beneficial Ownership of Estee Lauder Companies Inc. Stock
SEC Form 4 Filing
William P. Lauder, Executive Chairman of Estee Lauder Companies Inc., reports transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On November 1, 2024, William P. Lauder, Executive Chairman of Estee Lauder Companies Inc., reported changes in his beneficial ownership of the company's securities.
- These changes involve the payout of shares upon vesting of Restricted Stock Units (RSUs) and the withholding of shares for tax purposes.
- Specifically, 4,596 Class A Common Stock shares were acquired upon the vesting of RSUs granted on September 2, 2021, September 6, 2022, and August 28, 2023.
- Additionally, 2,543 shares were withheld for tax purposes at a price of $67.76 per share.
- The transactions also involved the vesting of RSUs, resulting in the payout of 1,106 shares from the September 2, 2021 grant, 1,636 shares from the September 6, 2022 grant, and 1,854 shares from the August 28, 2023 grant.
- Following these transactions, Lauder directly owns 10,067 shares of Class A Common Stock, 1,637 Restricted Stock Units from the September 6, 2022 grant, and 3,709 Restricted Stock Units from the August 28, 2023 grant.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices, so the sentiment is neutral.
Future Outlook
Assuming continued employment, 1,637 RSUs granted on September 6, 2022, will vest on November 3, 2025, and 1,854 RSUs granted on August 28, 2023, will vest on November 3, 2025, with 1,855 RSUs vesting on November 2, 2026.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the normal course of compensation and tax obligations for a high-level executive.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 09/02/2021 | Grant date of annual Restricted Stock Units. |
| 09/06/2022 | Grant date of annual Restricted Stock Units. |
| 08/28/2023 | Grant date of annual Restricted Stock Units. |
| 11/01/2024 | Date of transactions involving Class A Common Stock and Restricted Stock Units. |
| 11/03/2025 | Vesting date for 1,637 Restricted Stock Units granted September 6, 2022. |
| 11/02/2026 | Vesting date for 1,855 Restricted Stock Units granted August 28, 2023. |
| 11/04/2024 | Date of signature by attorney-in-fact. |
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