ESTEE LAUDER COMPANIES INC filed this 4 on November 14, 2025
ESTEE LAUDER COMPANIES INC - 4 - 20251114 - EXPLANATIONS_AND_REMARKS
Explanation of Responses:
(1) Granted pursuant to the Issuer's Amended and Restated Non-Employee Director Share Incentive Plan.
(2) Each stock unit (share payout) is convertible into one share of Class A Common Stock (i.e. 1:1).
(3) The Stock Units (share 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.
(4) Initial Equity Grant for New Non-employee Directors granted pursuant to the Issuer's Amended and Restated Non-Employee Director Share Incentive Plan.
(5) Represents grant of Stock Units in lieu of cash for quarterly board and committee member retainers.
(6) 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).
(7) 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.