Estée Lauder grants HR chief 4.9K stock units, 17.8K options
ESTEE LAUDER COMPANIES INC (EL) reported that Executive Vice President and Chief People Officer Michael Bowes received equity awards on August 27, 2026.
Rhea-AI Filing Summary
ESTEE LAUDER COMPANIES INC (EL) reported that Executive Vice President and Chief People Officer Michael Bowes received equity awards on August 27, 2026. The awards include 4,896 Restricted Stock Units that vest and pay out in Class A Common Stock in three equal installments from November 1, 2027 through November 1, 2029, with shares withheld to cover statutory tax obligations and dividend equivalent rights payable in cash. He also received stock options for 17,841 shares of Class A Common Stock at an exercise price of $106.21 per share, granted under The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan, vesting in three equal tranches exercisable from and after November 1, 2027, 2028, and 2029 and expiring on August 27, 2036.
Positive
- None.
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Insider Trade Summary
Grant/Award: 22,737 shares
Grant/Award
2 txns
Insider
Bowes Michael
Role
Exec VP & CPO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Share Payout) F1, F2, F3 | 4,896 | -- | -- |
| Grant/Award | Stock Option (Right to Buy) F2, F4 | 17,841 | -- | -- |
Holdings After Transaction:
Restricted Stock Units (Share Payout) — 4,896 contracts (Direct);
Stock Option (Right to Buy) — 17,841 contracts (Direct)
Footnotes (4)
- F1. 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. RSUs are accompanied by dividend equivalent rights payable in cash at the time of the payout of the related shares.
- F2. Not applicable.
- F3. RSUs granted August 27, 2026. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,632 on November 1, 2027; 1,632 on November 1, 2028; and 1,632 on November 1, 2029.
- F4. Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 5,947 shares exercisable from and after November 1, 2027; 5,947 shares exercisable from and after November 1, 2028; and 5,947 shares exercisable from and after November 1, 2029.
Key Figures
Restricted Stock Units granted: 4,896 RSUs
RSU vesting tranches: 1,632 shares each
Stock options granted: 17,841 options
+4 more
7 metrics
Restricted Stock Units granted
4,896 RSUs
RSUs granted to Michael Bowes on August 27, 2026
RSU vesting tranches
1,632 shares each
RSUs vest and pay out on November 1, 2027, 2028, and 2029
Stock options granted
17,841 options
Stock options on Class A Common Stock granted August 27, 2026
Stock option exercise price
$106.21 per share
Exercise price for 17,841 stock options
Option vesting tranches
5,947 options each
Options exercisable from and after November 1, 2027, 2028, and 2029
RSU payout dates
November 1, 2027; November 1, 2028; November 1, 2029
Scheduled vesting and payout dates for RSUs
Option expiration date
August 27, 2036
Expiration date of stock options granted August 27, 2026
Key Terms
Restricted Stock Units, dividend equivalent rights, Stock Option (Right to Buy), statutory tax obligations, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") vest and are paid out in shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"RSUs are accompanied by dividend equivalent rights payable in cash"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy)"
statutory tax obligations financial
"Upon payout, shares are withheld to cover statutory tax obligations"
FAQ
What equity awards did EL grant to Michael Bowes on August 27, 2026?
On August 27, 2026, Michael Bowes received 4,896 RSUs payable in Class A Common Stock and 17,841 stock options to purchase Class A Common Stock at an exercise price of $106.21 per share.
How do Michael Bowes’s EL RSUs vest and pay out?
The 4,896 RSUs vest and are paid out in Class A Common Stock in three approximately equal installments of 1,632 shares each on November 1, 2027, November 1, 2028, and November 1, 2029, with shares withheld to cover statutory tax obligations.
What are the terms of Michael Bowes’s EL stock options granted in 2026?
Michael Bowes received stock options covering 17,841 shares of Class A Common Stock at an exercise price of $106.21 per share, vesting in three tranches of 5,947 shares each, exercisable from and after November 1, 2027, November 1, 2028, and November 1, 2029, expiring August 27, 2036.
Do Michael Bowes’s EL RSUs include dividend equivalent rights?
Yes. The RSUs are accompanied by dividend equivalent rights that are payable in cash at the time of payout of the related Class A Common Stock shares.
Under which plan were Michael Bowes’s EL stock options granted?
The stock options were granted under The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan, as specified in the filing footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
