[Form 3] ESTEE LAUDER COMPANIES INC Initial Statement of Beneficial Ownership
Estee Lauder Companies Inc. (EL) reported an insider ownership update via a Form 3.
Rhea-AI Filing Summary
Estee Lauder Companies Inc. (EL) reported an insider ownership update via a Form 3. The filing lists Class B Common Stock that is convertible on a one‑for‑one basis into 2,845,283 shares of Class A Common Stock, with no conversion price. Conversion is immediate at the holder’s option and is automatically triggered upon transfer to a non‑“Permitted Transferee” or soon after a record date if Class B falls below 10% of total common shares. The position is reported as direct and attributed to the Evelyn H. Lauder 2012 Marital Trust Two, whose trustee disclaims pecuniary interest. The event date is 11/03/2025 and the form was filed by more than one reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (2)
- F1. There is no exercise or conversion price for the Class B Common Stock. Shares of Class B Common Stock may be converted immediately on a one-for-one basis by the holder and are automatically converted into Class A Common Stock on a one-for-one basis upon transfer to a person or entity that is not a "Permitted Transferee" (as defined in the Issuer's Restated Certificate of Incorporation) or soon after a record date for a meeting of stockholders where the outstanding Class B Common Stock constitutes less than 10% of the outstanding shares of Common Stock of the Issuer.
- F2. Owned by Evelyn H. Lauder 2012 Marital Trust Two ("MT2"). Roaring Fork Trust Company, Inc. serves as trustee of MT2 and disclaims a pecuniary interest in such shares.
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