Gary M. Lauder Reports 56,208 Shares in Estée Lauder

TL;DR

**Gary M. Lauder holds 56,208 shares of Estée Lauder Class A stock, a minor but notable insider stake.**

AI Summary

Gary M. Lauder, a member of the Lauder family, filed an amended SC 13G/A on February 9, 2024, disclosing his beneficial ownership of 56,208 shares of Class A Common Stock in The Estée Lauder Companies Inc. as of December 31, 2023. This filing indicates a passive ownership stake, representing a very small fraction of the company's total shares. For investors, this filing confirms that a key insider maintains a direct, albeit minor, personal investment in the company, which could be seen as a vote of confidence, though the amount is not significant enough to impact control.

Why It Matters

This filing shows that a member of the founding Lauder family still holds a direct stake in the company, which can signal continued alignment with shareholder interests, even if the stake is small.

Risk Assessment

Risk Level: low — This filing is a routine update on passive ownership and does not indicate any significant change in company control or financial health.

Analyst Insight

This filing is a routine disclosure of passive ownership by an insider. While it confirms Gary M. Lauder's continued stake, the small number of shares means it's unlikely to be a primary driver for investment decisions. Investors should focus on broader company performance and market trends rather than this specific filing.

Key Numbers

• 56,208 — Shares Beneficially Owned (Represents Gary M. Lauder's total Class A Common Stock in Estée Lauder as of December 31, 2023.)
• $0.01 — Par Value per Share (The nominal value of each Class A Common Stock share.)

Key Players & Entities

• Gary M. Lauder (person) — Reporting Person, beneficial owner of shares
• The Estée Lauder Companies Inc. (company) — Issuer of the Class A Common Stock
• 56,208 (dollar_amount) — Number of shares beneficially owned by Gary M. Lauder
• December 31, 2023 (date) — Date of event requiring the filing

FAQ

Key Financial Figures

• $0.01 — ssuer) Class A Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• tm244894d1_sc13ga.htm (SC 13G/A) — 39KB
• 0001104659-24-012580.txt ( ) — 40KB

(a)

Item 1(a). Name of Issuer: The Estée Lauder Companies Inc. (the “Issuer”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices 767 Fifth Avenue New York, NY 10153

(a)

Item 2(a). Name of Person Filing: Gary M. Lauder (the “Reporting Person”)

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 767 Fifth Avenue New York, NY 10153

(c)

Item 2(c). Citizenship: United States of America

(d)

Item 2(d). Title of Class of Securities: Class A Common Stock, par value $0.01 per share

(e)

Item 2(e). CUSIP Number: 518439 10 4 Item 3. Not Applicable Item 4. Ownership (a)As of December 31, 2023, the Reporting Person beneficially owned 56,208 shares of Class A Common Stock as follows: (i) 5,234 shares of Class A Common Stock and 22,870 shares of Class B Common Stock, par value $.01 per share, of the Issuer (the “Class B Common Stock”), as custodian under the New York Uniform Transfers to Minors Act for the benefit of Danielle Lauder and (ii) 5,234 shares of Class A Common Stock and 22,870 shares of Class B Common Stock as custodian under the New York Uniform Transfers to Minors Act for the benefit of Rachel Lauder. (b)The responses of the Reporting Person to Row (11) of the cover pages of this Schedule 13G are incorporated herein by reference. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock and is automatically converted into one share of Class A Common Stock upon transfer to a person who is not a Permitted Transferee, as that term is defined in the Issuer’s Restated Certificate of Incorporation. Assuming conversion of all such shares of Class B Common Stock beneficially owned by the Reporting Person, the Reporting Person would beneficially own 56,208 shares of Class A Common Stock, which would constitute 0.02% of the number of shares of Class A Common Stock outstanding. Each share of Class A Common Stock entitles the holder to one vote on each matter submitted to a vote of the Issuer’s stockholders and each share of Class B Common Stock entitles the holder to ten votes on each such matter, including the election of directors of the Issuer. Assuming no conversion of any of the outstanding shares of Class B Common Stock, the 10,468 shares of Class A Common Stock and the 45,740 shares of Class B Common Stock beneficially owned by the Reporting Person constitute 0.03% of the aggregate voting power of the Issuer. (c)The responses of the Reporting Person