Estee Lauder director granted stock units
Zinterhofer Eric Louis reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Zinterhofer Eric Louis reported acquisition or exercise transactions in this Form 4 filing.
Estee Lauder Companies director Eric Louis Zinterhofer received a grant of 246.64 stock units (cash payout) as board compensation. Each stock unit is tied to the value of one share of Class A Common Stock at $109.47 per unit and is awarded in lieu of cash retainers for quarterly board and committee service. These stock units will be paid in cash on the first business day of the calendar year after his service as a director ends, bringing his total stock units to 1,634.78 following this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units (Cash Payout) | 246.64 | $109.47 | $27K |
Footnotes (3)
- F1. Each stock unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock (i.e. 1:1).
- F2. Represents grant of Stock Units in lieu of cash for quarterly board and committee member retainers.
- F3. The Stock Units (cash payout) 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
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What did Estee Lauder (EL) director Eric Zinterhofer report in this Form 4?
How are Eric Zinterhofer’s Estee Lauder (EL) stock units valued and structured?
When will Eric Zinterhofer’s Estee Lauder (EL) stock units be paid out?
Why did Estee Lauder (EL) grant stock units instead of cash to Eric Zinterhofer?
How many Estee Lauder (EL) stock units does Eric Zinterhofer hold after this grant?
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