New insider Bowes Michael claimed ownership of 675 units of Class A Common Stock (SEC Form 3)
$EL
Package Goods/Cosmetics
Consumer Discretionary
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 04/01/2025 |
3. Issuer Name and Ticker or Trading Symbol
ESTEE LAUDER COMPANIES INC [ EL ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Common Stock | 675.219 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Option (Right to Buy) | (1) | 09/04/2028 | Class A Common Stock | 382 | $138.15 | D | |
| Option (Right to Buy) | (2) | 09/03/2029 | Class A Common Stock | 1,022 | $199.49 | D | |
| Option (Right to Buy) | (3) | 09/03/2030 | Class A Common Stock | 1,778 | $218.06 | D | |
| Option (Right to Buy) | (4) | 09/02/2031 | Class A Common Stock | 1,229 | $344.06 | D | |
| Option (Right to Buy) | (5) | 09/06/2032 | Class A Common Stock | 1,414 | $246.15 | D | |
| Option (Right to Buy) | (6) | 08/28/2033 | Class A Common Stock | 2,030 | $156.39 | D | |
| Option (Right to Buy) | (7) | 08/27/2034 | Class A Common Stock | 2,072 | $92.87 | D | |
| Restricted Stock Units (Share Payout)(8) | (9) | 11/03/2025 | Class A Common Stock | 302 | (10) | D | |
| Restricted Stock Units (Share Payout)(8) | (11) | 11/02/2026 | Class A Common Stock | 913 | (10) | D | |
| Restricted Stock Units (Share Payout)(8) | (12) | 02/26/2027 | Class A Common Stock | 2,069 | (10) | D | |
| Restricted Stock Units (Share Payout)(8) | (13) | 11/01/2027 | Class A Common Stock | 2,612 | (10) | D | |
| Explanation of Responses: |
| 1. Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 381 shares exercisable from and after January 1, 2020; 382 shares exercisable from and after January 1, 2021; and 382 shares exercisable from and after January 1, 2022. |
| 2. Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 511 shares exercisable from and after January 1, 2021; 511 shares exercisable from and after January 1, 2022; and 511 shares exercisable from and after January 1, 2023. |
| 3. Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 592 shares exercisable from and after January 1, 2022; 592 shares exercisable from and after January 1, 2023; and 594 shares exercisable from and after January 1, 2024. |
| 4. Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 409 shares exercisable from and after January 1, 2023; 410 shares exercisable from and after January 1, 2024; and 410 shares exercisable from and after January 1, 2025. |
| 5. Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 470 shares exercisable from and after January 1, 2024; 472 shares exercisable from and after January 1, 2025; and 472 shares exercisable from and after January 1, 2026. |
| 6. Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 676 shares exercisable from and after January 1, 2025; 677 shares exercisable from and after January 1, 2026; and 677 shares exercisable from and after January 1, 2027. |
| 7. Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 690 shares exercisable from and after November 3, 2025; 691 shares exercisable from and after November 2, 2026; and 691 shares exercisable from and after November 1, 2027. |
| 8. Restricted Stock Units ("RSUs") vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares are withheld to cover statutory tax obligations. These RSUs, granted prior to the Reporting Person becoming an Executive Officer, are accompanied by dividend equivalent rights payable in shares at the time of the payout of the related shares. |
| 9. Annual RSUs granted September 6, 2022. Assuming continued employment, these RSUs will vest and be paid out as follows: 302 on November 3, 2025. |
| 10. Not applicable. |
| 11. Annual RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out as follows: 456 on November 3, 2025; and 457 on November 2, 2026. |
| 12. Non-annual RSUs granted February 26, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 2,069 on February 26, 2027. |
| 13. Annual RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 870 on November 3, 2025; 871 on November 2, 2026; and 871 on November 1, 2027. |
| Remarks: |
| Michael Bowes, by Spencer G. Smul, attorney-in-fact | 04/01/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||