LAL FAMILY PARTNERS LP sold EL
November 3, 2025 · Form 4 insider transaction
LAL FAMILY PARTNERS LP sold 11,034,685 shares of The Estée Lauder Companies Inc., a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
There is no exercise or conversion price for the Class B Common Stock. Shares of Class B Common Stock may be converted immediately on a one-for-one basis by the holder and are automatically converted into Class A Common Stock on a one-for-one basis upon transfer to a person or entity that is not a "Permitted Transferee" (as defined in the Issuer's Restated Certificate of Incorporation) or soon after a record date for a meeting of stockholders where the outstanding Class B Common Stock constitutes less than 10% of the outstanding shares of Common Stock of the Issuer.; LAL Family Partners, L.P. ("LALFP") transferred shares of Class B Common Stock to three of its limited partners in redemption of their limited partnership interests, based on a price of $89.52 per share.; Owned directly by LALFP. The sole general partner of LALFP is LAL Family Corporation ("LALFC"). As general partner, LALFC indirectly beneficially owns all shares of Class B Common Stock owned by LALFP, to the extent of its pecuniary interest, if any.