Estee Lauder (NYSE: EL) awards options and RSUs to top executive
Rhea-AI Filing Summary
Lammers Hendrik Rene reported acquisition or exercise transactions in this Form 4 filing.
Estee Lauder Companies reported that executive officer Hendrik Rene Lammers received new equity awards. On February 26, 2026, he was granted options for 28,156 shares at no cost as a grant. According to the plan terms, 9,385 options become exercisable from and after February 26, 2027, 9,385 from and after February 28, 2028, and 9,386 from and after February 28, 2029.
He was also granted 7,507 Restricted Stock Units (RSUs) that vest and pay out in Class A shares on a one-to-one basis, generally in three installments, with shares withheld at payout to cover statutory taxes and accompanied by dividend equivalent rights payable in cash. A further 13,405 non-annual RSUs granted on February 26, 2026 will, assuming continued employment, vest and pay out as 2,502 and 4,468 RSUs on February 26, 2027, 2,502 and 4,468 on February 28, 2028, and 2,503 and 4,469 on February 28, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (Right to Buy) | 28,156 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Share Payout) | 7,507 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Share Payout) | 13,405 | $0.00 | -- |
Footnotes (1)
- Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 9,385 shares exercisable from and after February 26, 2027; 9,385 shares exercisable from and after February 28, 2028; and 9,386 shares exercisable from and after February 28, 2029. Not applicable. 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. RSUs granted February 26, 2026. Assuming continued employment, these RSUs will vest and be paid out as follows: 2,502 on February 26, 2027; 2,502 on February 28, 2028; and 2,503 on February 28, 2029. Non-annual RSUs granted February 26, 2026. Assuming continued employment, these RSUs will vest and be paid out as follows: 4,468 on February 26, 2027; 4,468 on February 28, 2028; and 4,469 on February 28, 2029.