Estee Lauder (EL) director Dana Strong granted 3.09 stock units via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Strong Dana reported acquisition or exercise transactions in this Form 4 filing.
Estee Lauder Companies director Dana Strong received 3.09 stock units as a grant tied to dividend reinvestment. These stock units represent dividend equivalents on existing stock unit holdings and increase Strong’s stock unit balance to 789.08 units.
The stock units are designed for long-term retention and will be paid out in shares of Class A Common Stock on the first business day of the calendar year following the last date of Strong’s service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Strong Dana
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units (Share Payout) | 3.09 | $88.76 | $274.27 |
Holdings After Transaction:
Stock Units (Share Payout) — 789.08 shares (Direct)
Footnotes (1)
- Not applicable. Represents reinvestment of dividend equivalents on outstanding stock units. The stock units 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.
FAQ
What did Estee Lauder (EL) director Dana Strong report in this Form 4?
Dana Strong reported receiving 3.09 stock units as a grant related to dividend reinvestment. These units are tied to existing stock unit holdings and increase Strong’s total stock unit balance to 789.08, reflecting routine, compensation-related equity accrual rather than an open-market purchase or sale.
How many stock units does Dana Strong hold after this Estee Lauder (EL) transaction?
After this transaction, Dana Strong holds 789.08 stock units. The filing shows that 3.09 stock units were added through reinvestment of dividend equivalents, modestly increasing the director’s deferred equity-based position in Estee Lauder’s Class A Common Stock.
What is the nature of the 3.09 stock units reported for Estee Lauder (EL)?
The 3.09 stock units represent reinvestment of dividend equivalents on outstanding stock units, not a cash purchase. They are granted at a reference price of $88.76 per unit and convert into Class A Common Stock when ultimately paid out after the director’s service ends.
When will Dana Strong’s Estee Lauder (EL) stock units be paid out?
The stock units will be paid out in shares of Class A Common Stock on the first business day of the calendar year following the last date of Dana Strong’s service as a director, according to the filing’s footnotes describing the deferred payout schedule.
Is the Estee Lauder (EL) Form 4 for Dana Strong an open-market trade?
No, this Form 4 does not show an open-market trade. It reports a grant of 3.09 stock units from dividend equivalent reinvestment, a routine compensation mechanism, rather than a discretionary buy or sell transaction in Estee Lauder shares on the open market.