RSL Shares Trust (EL) reports 4.77M convertible Class B Estée Lauder shares
Rhea-AI Filing Summary
RSL Shares Trust u/a/d March 2, 2026 filed an initial ownership report for Estée Lauder Companies Inc., showing it directly holds 4,768,846 shares of Class B Common Stock. This Class B stock is convertible into Class A Common Stock on a one-for-one basis.
The Class B shares may be converted at any time by the holder and are automatically converted into Class A shares if transferred to a non‑Permitted Transferee or after a record date when Class B falls below 10% of total common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RSL Shares Trust u/a/d March 2, 2026
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,768,846 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Class B shares held: 4,768,846 shares
Underlying Class A shares: 4,768,846 shares
Exercise/Conversion price: $0.0000
3 metrics
Class B shares held
4,768,846 shares
Directly held by RSL Shares Trust on initial Form 3
Underlying Class A shares
4,768,846 shares
One‑for‑one conversion from Class B Common Stock
Exercise/Conversion price
$0.0000
No exercise or conversion price for Class B Common Stock
Key Terms
Class B Common Stock, Class A Common Stock, Permitted Transferee, Restated Certificate of Incorporation, +1 more
5 terms
Class B Common Stock financial
"There is no exercise or conversion price for the Class B Common Stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"may be converted immediately on a one-for-one basis by the holder into shares of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Permitted Transferee regulatory
"automatically converted into Class A Common Stock ... upon transfer to a person or entity that is not a "Permitted Transferee""
Restated Certificate of Incorporation regulatory
""Permitted Transferee" (as defined in Issuer's Restated Certificate of Incorporation)"
A restated certificate of incorporation is an updated, single-document version of a company’s founding rules that folds together the original charter and all later changes into one clear set of terms — like replacing a patchwork manual with a clean, revised edition. Investors care because it clarifies ownership details, voting rights, share classes and other legal rules that affect control, dividends and how value is created or diluted, so it can change the risks and benefits of owning the stock.
10% owner financial
""is_ten_percent_owner": 1"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Is there an exercise or conversion price on Estée Lauder’s Class B stock held by the trust?
The filing states there is no exercise or conversion price for the Class B Common Stock. Conversion into Class A Common Stock occurs on a one‑for‑one basis without any stated cash payment, making it a straightforward share‑for‑share conversion structure for the reported holdings.