☒ No fee required. ☐ Fee paid previously with preliminary materials. ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 | ||||||||
| The Estée Lauder Companies Inc. 767 Fifth Avenue New York, New York 10153 | | | | |
| William P. Lauder Executive Chairman | | | | |
| | | | September | |
| | | By Order of the Board of Directors | | |
| | | | SPENCER G. SMUL Senior Vice President, Deputy General Counsel and Secretary | |
| | | | New York, New York September | |
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| Date and Time: | | | Friday, November 18, 2022 10:00 a.m., Eastern Time | | | Place: | | | The Annual Meeting will be held in a virtual-only meeting format via live webcast on the Internet: www.virtualshareholdermeeting.com/ | |
| Record Date: | | | September | | | | |
ITEMS OF BUSINESS | | | BOARD RECOMMENDATION | | | PROXY STATEMENT DISCLOSURE | | ||||
1 | | | | Election of Class | | | FOR each Director Nominee | | | Page | |
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2 | | | | Ratification of Appointment of PricewaterhouseCoopers LLP as Independent Auditors | | | FOR | | | Page | |
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3 | | | | Advisory Vote to Approve Executive Compensation | | | FOR | | | Page 98 | |
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| | Nominee | | | Current Position | | | Committee Membership | | |
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| | | | Executive Chairman | | | | | ||
| | Richard D. Parsons | | | Senior Advisor to Providence Equity Partners LLC; and Co-founder and Partner of Imagination Capital LLC | | | Compensation Committee; and | | |
| | Lynn Forester de Rothschild | | | Co-founding partner of Inclusive Capital Partners; and | | | Nominating and ESG Committee | | |
| | Jennifer | | | | | Audit Committee | | | |
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| | Key Compensation Matters noted in Compensation Discussion and Analysis, Summary Compensation Table, and related tables and narratives | | | ||||
| | for Fiscal | | | | In September 2021, the Compensation Committee | ||
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| | granted to CEO | | | | On June 30, 2022, Mr. Freda | | |
| | Certification of Performance Goal for of February 2018 PSU granted to CEO | | | | In August |
| | |||||||
| | NEO Annual Stock-Based Compensation for Fiscal | | | | The annual equity mix remained weighted equally among PSUs, stock options, and restricted stock | | |
| | Payout of PSUs granted to NEOs in Fiscal | | | | Based on the Company’s performance over the three-year period ended June 30, | | |
| | EAIP Payout for NEOs for Fiscal | | | | Our NEOs achieved fiscal | | |
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| | Proposal | | | Vote required for approval (Class A and Class B Common Stock, voting together) | | | Do abstentions count as votes cast? | | | Is broker discretionary voting allowed? | | |
| | Item 1: Election of Class Directors | | | Plurality of Votes Cast* | | | Not Applicable | | | No | | |
| | Item 2: Ratify appointment of PricewaterhouseCoopers LLP as independent auditors | | | Majority of Votes Cast | | | No | | | Yes | | |
| | Item 3: Advisory vote to approve Executive Compensation | | | Majority of Votes Cast** | | | No | | | No | | |
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| | | The Board recommends a vote FOR each nominee as a director to hold office until the | |
| | | |
| Ronald S. Lauder | | ||||||
| Director since 2016 Age Class II | | | BACKGROUND Mr. R. Lauder is Chairman of Clinique Laboratories, LLC. He was Chairman of Estee Lauder International, Inc. from 1987 through 2002. Mr. Lauder joined the Company in 1964 and has served in various capacities. He was a member of the Board of Directors of the Company from 1968 to 1986 and again from 1988 to July 2009, prior to rejoining the Board in 2016. From 1983 to 1986, Mr. Lauder served as Deputy Assistant Secretary of Defense for European and NATO Affairs. From 1986 to 1987, he was U.S. Ambassador to Austria. Mr. Lauder is an Honorary Chairman of the Board of Trustees of the Museum of Modern Art and President of the Neue Galerie. He is also Chairman of the Board of Governors of the Joseph H. Lauder Institute of Management and International Studies at The Wharton School at the University of Pennsylvania and the co-founder and Co-Chairman of the Alzheimer’s Drug Discovery Foundation. | | | QUALIFICATIONS • Global business, marketing, and consumer and luxury brand industry experience through leadership roles at The Estée Lauder Companies Inc. • Affiliation with leading business, civic, and government associations • Board experience at Central European Media Enterprises Ltd. • Significant stockholder and party to Stockholders’ Agreement | |
| | | | | | |||
| William P. Lauder | | ||||||
| Director since 1996 Age Class II Committee: • Nominating and ESG Committee | | | BACKGROUND Mr. W. Lauder is Executive Chairman of the Company and, in such role, he is Chairman of the Board of Directors. He was Chief Executive Officer of the Company from March 2008 through June 2009 and President and Chief Executive Officer from July 2004 through February 2008. From January 2003 through June 2004, he was Chief Operating Officer. Mr. Lauder joined the Company in 1986 and has served in various capacities. From July 2001 through 2002, he was Group President, responsible for the worldwide business of the Clinique and Origins brands and the Company’s retail store and online operations. From 1998 to 2001, Mr. Lauder was President of Clinique Laboratories, LLC. Prior to 1998, he was President of Origins Natural Resources Inc. Mr. Lauder is a member of the Board of Directors of ICG Hypersonic Acquisition Corp. | | | QUALIFICATIONS • Global business, marketing, Internet, retail, and consumer and luxury brand industry experience through leadership roles at The Estée Lauder Companies Inc. • Experience leading successful creative organizations with innovation programs based on research and development • Board experience at GLG Partners, Inc., Jarden Corporation, and True Temper Sports, Inc. • Trustee of the University of Pennsylvania and lecturer at The Wharton School • Financial experience • Significant stockholder and party to Stockholders’ Agreement | |
| | | |
| Richard D. Parsons | | ||||||
| Director since 1999 Age Class II Committees: • Compensation Committee • Nominating and ESG Committee | | | BACKGROUND Mr. Parsons | | | QUALIFICATIONS • Global business, marketing, media, Internet, banking, and other business and consumer brand experience through leadership roles at Time Warner Inc. and Dime Bancorp, Inc. • Board experience at CBS Corporation, Citigroup Inc., Group Nine Acquisition Corp., Lazard Ltd., Madison Square Garden Sports Corp., and Time Warner Inc. • Private equity experience at Providence Equity Partners LLC • Legal and government experience • Financial experience | |
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| Lynn Forester de Rothschild | | ||||||
| Director since 2000 Age Class II Committee: • Nominating and ESG Committee | | | BACKGROUND Lady de Rothschild is a co-founding partner of Inclusive Capital Partners, an investment manager, and she is the Chair of E.L. Rothschild LLC, a private investment company with investments in media, information technology, agriculture, financial services, and real estate worldwide. She was the Chief Executive of E.L. Rothschild LLC from 2002 to 2016. Lady de Rothschild has been a director of The Economist Newspaper Limited since October 2002. From 1989 to 2002, she was President and Chief Executive Officer of FirstMark Holdings, Inc. Lady de Rothschild is on the Board of Directors of Nikola Corporation. She serves on the Board and Executive Committee of The Peterson Institute for International Economics. Lady de Rothschild is a trustee of the Rothschild Eranda Foundation and a board member of the McCain Institute. She is a member of the Council on Foreign Relations (USA), Chatham House (UK), the International Advisory Council of Asia House (UK), the International Institute of Strategic Studies (UK), and the Foreign Policy Association (USA). | | | QUALIFICATIONS • Global business and investment experience as a co-founding and managing partner of Inclusive Capital Partners, former Chief Executive of E.L. Rothschild LLC, and CEO of FirstMark Holdings, Inc. • Board experience at Nikola Corporation • Board and media experience as director of The Economist Newspaper Limited • Affiliation with leading business and public policy associations (Council on Foreign Relations) • Experience working abroad • Legal and government • Financial experience | |
| | | |
| Jennifer Tejada | | ||||||
| Director since 2018 Age Class II Committee: • Audit | | | BACKGROUND Ms. Tejada is Chief Executive Officer and Chair of the Board of PagerDuty, Inc., a digital operations management platform for businesses. Prior to joining PagerDuty in 2016, she was President and Chief Executive Officer of Keynote Systems Corporation, a software company specializing in digital performance analytics and web and mobile testing, from 2013 to 2015. Ms. Tejada was Executive Vice President and Chief Strategy Officer of Mincom, an enterprise software company, from 2008 to 2011. She has also previously held senior positions at Merivale Group, The Procter & Gamble Company, and i2 Technologies. Ms. Tejada is a member of the Board of Directors of UiPath, Inc. | | | QUALIFICATIONS • Management experience at PagerDuty, Inc., Keynote Systems Corporation, and Mincom • Digital, mobile, cyber, and software experience • Consumer goods experience • Experience working abroad • Board experience at PagerDuty, Inc., Keynote Systems Corporation, Puppet Labs, Inc., and UiPath, Inc. • Financial experience | |
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| * Effective as of November 18, 2022, Ms. Tejada will join the Compensation Committee (and Stock Plan Subcommittee) and will leave the Audit Committee. | | ||||||
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| Richard F. Zannino | | ||||||
| Director since 2010 Age Class II • Audit Committee (Chair) • Compensation Committee and Stock Plan Subcommittee* | | | BACKGROUND Mr. Zannino is a Managing Director at the private equity firm CCMP Capital Advisors, LLC. He is a partner on the firm’s Investment Committee and co-heads the consumer retail practice. Prior to joining CCMP Capital, Mr. Zannino was an independent retail and media advisor from February 2008 to June 2009. He was Chief Executive Officer and a member of the Board of Directors of Dow Jones & Company, Inc. from February 2006 until January 2008. Mr. Zannino joined Dow Jones as Executive Vice President and Chief Financial Officer in February 2001 and was promoted to Chief Operating Officer in July 2002. From 1998 to 2001, he was Executive Vice President of Liz Claiborne, Inc., where he oversaw the finance, administration, retail, fragrance, and licensing divisions. From 1993 to 1998, Mr. Zannino was with Saks Fifth Avenue, serving as Vice President and Treasurer, Senior Vice President, Finance and Merchandise Planning, and then Executive Vice President and Chief Financial Officer. He is on the boards of directors of IAC/InterActiveCorp, Ollie’s Bargain Outlet Holdings, Inc., and Hillman Solutions Corp. (formerly The Hillman Companies, Inc.). He currently serves as Vice Chairman of the Board of Trustees of Pace University. | | | QUALIFICATIONS • Management, media, finance, retail, and consumer brand industry experience in various positions at Dow Jones & Company, Inc., Liz Claiborne, Inc., and Saks Fifth Avenue • Consumer, retail, media, and private equity experience at CCMP Capital Advisors, LLC • Board experience at Dow Jones & Company, Inc., Francesca’s Holdings Corporation, IAC/InterActiveCorp, Ollie’s Bargain Outlet Holdings, Inc., and • Trustee of Pace University • Financial experience | |
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| * Effective as of November 18, 2022, Mr. Zannino will leave the Compensation Committee (and Stock Plan Subcommittee). | |
| | | |
| Charlene Barshefsky | | ||||||
| Director since 2001 Age Class III Presiding Director Committees: • Compensation Committee | | | BACKGROUND Ambassador Barshefsky is Chair of Parkside Global Advisors, an international consulting company. Until March 2021, she was Senior International Partner, WilmerHale, a multinational law firm based in Washington, D.C. Prior to joining the law firm in 2001, she was the United States Trade Representative from 1997 to 2001, and Deputy United States Trade Representative and Acting United States Trade Representative from 1993 to 1996. Ambassador Barshefsky is on the boards of directors of American Express Company and Stagwell Inc. | | | QUALIFICATIONS • International, government, and public policy experience as United States Trade Representative • Legal experience, including as Senior International Partner at WilmerHale • Board experience at American Express Company, Intel Corporation, Stagwell Inc., and Starwood Hotels & Resorts Worldwide, Inc. • Trustee of the Howard Hughes Medical Institute | |
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| Wei Sun Christianson | | ||||||
| Director since 2011 Age Class III Committee: • Nominating and ESG Committee (Chair) | | | BACKGROUND Ms. Christianson is a Senior Advisor at Morgan Stanley, a global financial services firm. Prior to her retirement in January 2022, she was the Managing Director and Co-Chief Executive Officer of Asia Pacific and Chief Executive Officer of China at Morgan Stanley, | | | QUALIFICATIONS • Global management and investment banking experience as Managing Director and Co-Chief Executive Officer of Asia Pacific and Chief Executive Officer of China at Morgan Stanley • Experience working abroad, particularly in China and Hong Kong • Financial experience • • Legal experience (in New York) | |
| | | |
| Angela Wei Dong | | ||||||
| Director since 2022 Age 48 Class III Committee: • Audit Committee | | | BACKGROUND Ms. Dong is the Global Vice President and General Manager of Greater China for NIKE, Inc. (“Nike”), a company that designs and develops, and markets and sells worldwide, athletic footwear, equipment, accessories and services. She has been in her current role since 2015, and prior to that, Ms. Dong held positions of increasing responsibility since joining Nike in 2005. She is a member of the Board of Directors of Barry Callebaut AG. | | | QUALIFICATIONS • Global financial and consumer branding and marketing experience in various roles at NIKE, Inc. • Consumer goods experience, particularly for Chinese consumers • Board experience at Barry Callebaut AG • Financial experience | |
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| Fabrizio Freda | | ||||||
| Director since 2009 Age Class III | | | BACKGROUND Mr. Freda has served as President and Chief Executive Officer of the Company since July 2009. From March 2008 through June 2009, he was President and Chief Operating Officer where he oversaw a number of brands in the | | | QUALIFICATIONS • Global management, marketing, and other business, consumer and luxury brand industry experience as President and Chief Executive Officer of The Estée Lauder Companies Inc. • Similar experience, including developing and leading global organizations, in leadership positions at P&G and Gucci SpA • Experience leading successful, creative organizations with innovation programs based on research and development • Board experience at BlackRock, Inc. • Experience living and working in several countries • Financial experience | |
| 14 | 2022 Proxy Statement | | | |
| Jane Lauder | | ||||||
| Director since 2009 Age Class III | | | BACKGROUND Ms. Lauder is Executive Vice President, Enterprise Marketing and Chief Data Officer. She began her career with the Company in 1996 at Clinique and has served in various positions throughout the Company. Ms. Lauder was Global Brand President, Clinique from April 2014 to July 2020. Previously, she was Global President, General Manager of the Origins, Ojon, and Darphin brands from July 2010 to April 2014. She was Senior Vice President/General Manager of the Origins brand from July 2008 to July 2010, and Senior Vice President, Global Marketing for Clinique from July 2006 to July 2008. Ms. Lauder is a member of the Board of Directors of Eventbrite, Inc. | | | QUALIFICATIONS • Management, marketing, and other industry experience through leadership roles at The Estée Lauder Companies Inc. • Digital and technology experience • Board experience at Eventbrite, Inc. • Significant stockholder and party to Stockholders’ Agreement (solely as trustee of one or more trusts) | |
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| Leonard A. Lauder | | ||||||
| Director since 1958 Age Class III | | | BACKGROUND Mr. L. Lauder is Chairman Emeritus of the Company. He was Chairman of the Board of Directors from 1995 through June 2009 and served as the Company’s Chief Executive Officer from 1982 through 1999 and President from 1972 until 1995. Mr. Lauder has held various positions since formally joining the Company in 1958 after serving as an officer in the United States Navy. He is Chairman Emeritus of the Board of Trustees of the Whitney Museum of American Art, a Charter Trustee of the University of Pennsylvania, a Trustee of The Aspen Institute, and the co-founder and Co-Chairman of the Alzheimer’s Drug Discovery Foundation. Mr. Lauder is Honorary Chairman of the Breast Cancer Research Foundation. He served as a member of the White House Advisory Committee on Trade Policy and Negotiations under President Reagan. | | | QUALIFICATIONS • Global business, marketing, and consumer and luxury brand industry experience through leadership roles at The Estée Lauder Companies Inc. • Experience leading successful creative organizations with innovation programs based on research and development • Affiliation with leading business, civic, and public policy associations • Charter Trustee of the University of Pennsylvania • Significant stockholder and party to Stockholders’ Agreement | |
| | | 2022 Proxy Statement | | |
| Paul J. Fribourg | | ||||||
| Director since 2006 Age 68 Class I Committees: • Audit Committee • Compensation Committee (Chair) and Stock Plan Subcommittee | | | BACKGROUND Mr. Fribourg is the Chairman and Chief Executive Officer of Continental Grain Company, an international agribusiness and investment company. He joined Continental Grain Company in 1976 and worked in various positions there with increasing responsibility in both the United States and Europe. Mr. Fribourg is on the boards of directors of Bunge Limited, Loews Corporation, and Restaurant Brands International Inc. Additionally, within the past five years, he served as a director of Apollo Global Management, LLC. He is a member of Rabobank’s International North American Agribusiness Advisory Board, Temasek Americas Advisory Panel, and the International Business Leaders’ Advisory Council for The Mayor of Shanghai. Mr. Fribourg has been a member of the Council on Foreign Relations since 1985. | | | QUALIFICATIONS • Global management, marketing, and other business experience as Chairman and Chief Executive Officer of Continental Grain Company • Board experience at Apollo Global Management, LLC, Bunge Limited, Loews Corporation, and Restaurant Brands International Inc. • Affiliation with leading business and public policy associations (Council on Foreign Relations) • Financial experience | |
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| Jennifer Hyman | | ||||||
| Director since 2018 Age 42 Class I Committee: • Audit Committee | | | BACKGROUND Ms. Hyman is Co-founder, Chief Executive Officer, and Chair of Rent the Runway, Inc., which enables women to subscribe, rent items, and shop resale from an unlimited closet of designer brands. Prior to co-founding Rent the Runway, Inc. in 2009, she was Director of Business at IMG, a global talent management company, from 2006 to 2007. She was Senior Manager, Sales, at the WeddingChannel.com from 2005 to 2006. Ms. Hyman is on the supervisory board of Zalando SE. | | | QUALIFICATIONS • Management and entrepreneurial experience as Co-founder and Chief Executive Officer of Rent the Runway, Inc. • Deep knowledge about millennials, Gen Z, and other consumer segments • Omnichannel, disruptive technology, and social-digital experience • Board experience at Rent the Runway, Inc. and Zalando SE • Financial experience | |
| 16 | 2022 Proxy Statement | | | |
| Arturo Nuñez | | ||||||
| Director since 2022 Age 55 Class I Committee: • Audit Committee | | | BACKGROUND Mr. Nuñez was the Chief Marketing Officer of Nu Holdings Ltd. (“Nubank”), a digital banking platform headquartered in Brazil that serves customers across Brazil, Mexico, and Colombia, until early October 2022. Prior to joining Nubank in June 2021, he founded AIE Creative, a branding and marketing firm, and from 2014 to 2018, he was the Head of Marketing, Latin America, for Apple Inc. From 2007 to 2014, Mr. Nunez held various marketing positions at NIKE, Inc., including Global Vice President, Basketball Marketing, and from 1999 to 2007, he held various positions at the National Basketball Association (“NBA”) including Vice President, Managing Director, NBA Latin America and U.S. Hispanic. | | | QUALIFICATIONS • Global business, marketing, management, retail, and consumer brand experience in various roles at Nu Holdings Ltd., Apple Inc., NIKE, Inc., and the National Basketball Association • Deep knowledge about consumers and consumer goods • Innovative technology and digital experience | |
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| Barry S. Sternlicht | | ||||||
| Director since 2004 Age 61 Class I Committee: • Nominating and ESG Committee | | | BACKGROUND Mr. Sternlicht is Chairman and Chief Executive Officer of Starwood Capital Group, a privately-held global investment firm focused on global real estate. He also serves as Chairman and CEO of Starwood Property Trust, Inc., a commercial mortgage REIT. Mr. Sternlicht is the Chairman of the Board of Starwood Real Estate Income Trust, Inc. and is founder and Chairman of Jaws Wildcat Acquisition Corporation, Jaws Mustang Acquisition Corp, Jaws Hurricane Acquisition Corporation, and Jaws Juggernaut Acquisition Corp. Mr. Sternlicht is also on the Board of Directors of Cano Health, Inc. Additionally, within the past five years, he served as a director of A.S. Roma, Baccarat S.A., Invitation Homes, Inc., Jaws Spitfire Acquisition Corp., TRI Pointe Group Inc., and Vesper Healthcare Acquisition Corp. From 1995 through early 2005, Mr. Sternlicht was Chairman and CEO of Starwood Hotels & Resorts Worldwide, Inc. He currently serves as a member of the board of The Robin Hood Foundation, and he is on the board of the Dreamland Film & Performing Arts Center and the Executive Advisory Board of Americans for the Arts. | | | QUALIFICATIONS • Global business, investment, real estate, financial, private equity, entrepreneurial, and consumer brand and luxury industry expertise at Starwood Capital Group, as Chairman of Starwood Property Trust, Inc., as Chairman of the Board of Starwood Real Estate Trust, Inc., and as founder and former Chief Executive of Starwood Hotels & Resorts Worldwide, Inc. • Board experience at A.S. Roma, Baccarat S.A., Cano Health, Inc., Invitation Homes, Inc., Restoration Hardware Holdings, Inc., Riviera Holdings Corporation, Starwood Property Trust, Inc., and TRI Pointe Group, Inc. • Financial experience | |
| | | 2022 Proxy Statement | 17 | |
| | | |
| | Director | | | Audit Committee | | | Compensation Committee | | | Nominating and ESG Committee | | |
| | Charlene Barshefsky†* | | | | | | ||||||
| | | | | |||||||||
| | Wei Sun Christianson | | | | | | | | | | | |
| | Angela Wei Dong | | | | | | | | | | | |
| | Paul J. Fribourg† | | | | | | | | | | ||
| | Jennifer Hyman | | | | | | | | | |||
| | ||||||||||||
| | William P. Lauder | | | | | | | | | | | |
| | Arturo Nuñez | | | | | | | | | | | |
| | Richard D. Parsons | | | | | | | | | | ||
| | Lynn Forester de Rothschild | | | | | | | | | | | |
| | Barry S. Sternlicht | | | | | | | | | | | |
| | Jennifer Tejada | | | | | | | | | | | |
| | Richard F. Zannino† | | | | | | | | | |
| Audit Committee (as of the Record Date) | | | • Richard F. Zannino (Chair) • Angela Wei Dong • Paul J. Fribourg | | | • Jennifer Hyman • Arturo Nuňez • Jennifer Tejada | |
| | | 2022 Proxy Statement | 19 | |
|
Compensation Committee | | | • Paul J. Fribourg (Chair)* • Charlene Barshefsky* | | | • Richard D. Parsons • Richard F. Zannino* | | ||||
| *Also a member of the Stock Plan Subcommittee | |
| Nominating and ESG Committee | | | • Wei Sun Christianson (Chair) • William P. Lauder • Richard D. Parsons | | | • Lynn Forester de Rothschild • Barry S. Sternlicht | |
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| | What | | | What Does Not Count | | | ||||||
| | | | Common Stock | | | | | Stock Options (vested or unvested) | | | ||
| | | | Stock Units (share payout) | | | | | | | | | |
| | | | Stock Units (cash payout) | | | | | | | | |
| 32 | 2022 Proxy Statement | | | |
| | Name | | Fees Earned or Paid in Cash ($)(1)(2) | | Stock Awards ($)(3)(4) | | Option Awards ($)(5)(6) | | Non-Equity Incentive Plan Compensation ($) | | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)(7) | | All Other Compensation ($) | | Total ($) | | | | Name | | Fees Earned or Paid in Cash ($)(1)(2) | | Stock Awards ($)(3)(4) | | Option Awards ($)(5)(6) | | Non-Equity Incentive Plan Compensation ($) | | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)(7) | | All Other Compensation ($) | | Total ($) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Charlene Barshefsky | | | $ | 61,500 | | | | $ | 74,998 | | | | $ | 99,935 | | | | | — | | | | $ | 29,866 | | | | | — | | | | $ | 266,299 | | | | | Charlene Barshefsky | | | $ | 134,250 | | | | $ | 75,000 | | | | $ | 99,911 | | | | | — | | | | $ | 21,133 | | | | | — | | | | $ | 330,294 | | | | ||||||||||||||
| | Rose Marie Bravo | | | | 54,000 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 228,933 | | | | | Rose Marie Bravo | | | | 102,000 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 276,911 | | | | ||||||||||||||
| | Wei Sun Christianson | | | | 54,000 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 228,933 | | | | | Wei Sun Christianson | | | | 119,250 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 294,161 | | | | ||||||||||||||
| | Paul J. Fribourg | | | | 60,000 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 234,933 | | | | | Paul J. Fribourg | | | | 131,250 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 306,161 | | | | ||||||||||||||
| | Irvine O. Hockaday, Jr. | | | | 76,500 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 251,433 | | | | | Irvine O. Hockaday, Jr.* | | | | 38,250 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 38,250 | | | | ||||||||||||||
| | Jennifer Hyman | | | | 56,000 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 230,933 | | | | | Jennifer Hyman | | | | 112,000 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 286,911 | | | | ||||||||||||||
| | Richard D. Parsons | | | | 58,000 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 232,933 | | | | | Arturo Nuñez** | | | | 28,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 28,000 | | | | ||||||||||||||
| | Lynn Forester de Rothschild | | | | 54,000 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 228,933 | | | | | Richard D. Parsons | | | | 116,000 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 290,911 | | | | ||||||||||||||
| | Barry S. Sternlicht | | | | 54,000 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 228,933 | | | | | Lynn Forester de Rothschild | | | | 108,000 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 282,911 | | | | ||||||||||||||
| | Jennifer Tejada | | | | 56,000 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 230,933 | | | | | Barry S. Sternlicht | | | | 108,000 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 282,911 | | | | ||||||||||||||
| | Richard F. Zannino | | | | 68,500 | | | | | 74,998 | | | | | 99,935 | | | | | — | | | | | — | | | | | — | | | | | 243,433 | | | | | Jennifer Tejada | | | | 112,000 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 286,911 | | | | ||||||||||||||
| | Richard F. Zannino | | | | 143,000 | | | | | 75,000 | | | | | 99,911 | | | | | — | | | | | — | | | | | — | | | | | 317,911 | | | |
| | | |
| | Name | | | Total Number of Shares of Class A Common Stock Underlying Stock Awards Outstanding as of June 30, | | | |||
| | Charlene Barshefsky | | | | | | | | |
| | Rose Marie Bravo | | | | | | | | |
| | Wei Sun Christianson | | | | | | | | |
| | Paul J. Fribourg | | | | | | | | |
| | Irvine O. Hockaday, Jr.(a) | | | | | | | | |
| | Jennifer Hyman | | | | | | | | |
| | Arturo Nuñez | | | | | — | | | |
| | Richard D. Parsons | | | | | | | | |
| | Lynn Forester de Rothschild | | | | | | | | |
| | Barry S. Sternlicht | | | | | | | | |
| | Jennifer Tejada | | | | | | | | |
| | Richard F. Zannino | | | | | | | |
| | Name | | | Total Number of Shares of Class A Common Stock Underlying Stock Options Outstanding as of June 30, | | | |||
| | Charlene Barshefsky | | | | | | | | |
| | Rose Marie Bravo | | | | | | | | |
| | Wei Sun Christianson | | | | | | | | |
| | Paul J. Fribourg | | | | | | | | |
| | Irvine O. Hockaday, Jr. | | | | | | | | |
| | Jennifer Hyman | | | | | | | | |
| | Arturo Nuñez | | | | | — | | | |
| | Richard D. Parsons | | | | | | | | |
| | Lynn Forester de Rothschild | | | | | | | | |
| | Barry S. Sternlicht | | | | | | | | |
| | Jennifer Tejada | | | | | | | | |
| | Richard F. Zannino | | | | | | | |
| | | |
| | | | Class A Common Stock(1) | | Class B Common Stock | | Voting Power† | | | | | | Class A Common Stock(1) | | Class B Common Stock | | Voting Power† | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | Name of Beneficial Owner | | Number(2) | | % | | Number | | % | | % | | | | Name of Beneficial Owner | | Number(2) | | % | | Number | | % | | % | | | ||||||||||||||||||||||||||||||||||||||||
| | Leonard A. Lauder(3)(4) | | | | 458,638 | | | | | 0.2% | | | | | — | | | | | — | | | | | * | | | | | Leonard A. Lauder(3)(4) | | | | 281,638 | | | | | 0.1% | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | LAL Family Corporation(3)(5) | | | | — | | | | | — | | | | | 82,437,628 | | | | | 64.3% | | | | | 54.4% | | | | | LAL Family Corporation(3)(5) | | | | — | | | | | — | | | | | 80,437,628 | | | | | 64.1% | | | | | 54.1% | | | | ||||||||||
| | Ronald S. Lauder(3)(6) | | | | 73,335 | | | | | * | | | | | 5,475,210 | | | | | 4.3% | | | | | 3.6% | | | | | Ronald S. Lauder(3)(6) | | | | 73,335 | | | | | * | | | | | 4,775,210 | | | | | 3.8% | | | | | 3.2% | | | | ||||||||||
| | William P. Lauder(3)(7) | | | | 52,430 | | | | | * | | | | | 8,515,960 | | | | | 6.6% | | | | | 5.6% | | | | | William P. Lauder(3)(7) | | | | 20,433 | | | | | * | | | | | 8,515,960 | | | | | 6.8% | | | | | 5.7% | | | | ||||||||||
| | Gary M. Lauder(3)(8) | | | | 10,468 | | | | | * | | | | | 45,740 | | | | | * | | | | | * | | | | | Gary M. Lauder(3)(8) | | | | 10,468 | | | | | * | | | | | 45,740 | | | | | * | | | | | * | | | | ||||||||||
| | Aerin Lauder(3)(9) | | | | 1,692 | | | | | * | | | | | 6,585,594 | | | | | 5.1% | | | | | 4.3% | | | | | Aerin Lauder(3)(9) | | | | 1,692 | | | | | * | | | | | 6,585,594 | | | | | 5.2% | | | | | 4.4% | | | | ||||||||||
| | Jane Lauder(3)(10) | | | | 157,015 | | | | | 0.1% | | | | | 22,346,614 | | | | | 17.4% | | | | | 14.8% | | | | | Jane Lauder(3)(10) | | | | 149,491 | | | | | 0.1% | | | | | 22,346,614 | | | | | 17.8% | | | | | 15.0% | | | | ||||||||||
| | Joel S. Ehrenkranz, as trustee(3)(11) | | | | 443,638 | | | | | 0.2% | | | | | — | | | | | — | | | | | * | | | | | Joel S. Ehrenkranz, as trustee(3)(11) | | | | 266,638 | | | | | 0.1% | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Richard D. Parsons, individually and as trustee(3)(12) | | | | 208,759 | | | | | 0.1% | | | | | 7,745,877 | | | | | 6.0% | | | | | 5.1% | | | | | Richard D. Parsons, individually and as trustee(3)(12) | | | | 24,957 | | | | | * | | | | | 7,745,877 | | | | | 6.2% | | | | | 5.2% | | | | ||||||||||
| | Charlene Barshefsky(13) | | | | 121,161 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Charlene Barshefsky(13) | | | | 121,902 | | | | | 0.1% | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Rose Marie Bravo(14) | | | | 15,530 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Rose Marie Bravo(14) | | | | 17,400 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Wei Sun Christianson(15) | | | | 45,712 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Wei Sun Christianson(15) | | | | 46,358 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Paul J. Fribourg(16) | | | | 14,703 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Angela Wei Dong(16) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | ||||||||||
| | Irvine O. Hockaday, Jr.(17) | | | | 22,855 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Paul J. Fribourg(17) | | | | 16,533 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Jennifer Hyman(18) | | | | 7,547 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Jennifer Hyman(18) | | | | 9,301 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Lynn Forester de Rothschild(19) | | | | 55,383 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Arturo Nuñez(19) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | ||||||||||
| | Barry S. Sternlicht(20) | | | | 114,870 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Lynn Forester de Rothschild(20) | | | | 55,760 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Jennifer Tejada(21) | | | | 7,547 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Barry S. Sternlicht(21) | | | | 112,156 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Richard F. Zannino(22) | | | | 33,917 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Jennifer Tejada(22) | | | | 9,301 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Fabrizio Freda(23) | | | | 726,679 | | | | | 0.3% | | | | | — | | | | | — | | | | | * | | | | | Richard F. Zannino(23) | | | | 35,742 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | John Demsey(24) | | | | 8,519 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Fabrizio Freda(24) | | | | 746,838 | | | | | 0.3% | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Cedric Prouvé(25) | | | | 169,719 | | | | | 0.1% | | | | | — | | | | | — | | | | | * | | | | | John Demsey(25) | | | | 57,893 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | Tracey T. Travis(26) | | | | 112,746 | | | | | * | | | | | — | | | | | — | | | | | * | | | | | Jane Hertzmark Hudis(26) | | | | 88,418 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | BlackRock, Inc.(27) | | | | 14,275,652 | | | | | 6.1% | | | | | — | | | | | — | | | | | * | | | | | Cedric Prouvé(27) | | | | 268,842 | | | | | 0.1% | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | FMR LLC(28) | | | | 12,878,323 | | | | | 5.5% | | | | | — | | | | | — | | | | | * | | | | | Tracey T. Travis(28) | | | | 109,064 | | | | | * | | | | | — | | | | | — | | | | | * | | | | ||||||||||
| | The Vanguard Group(29) | | | | 18,278,359 | | | | | 7.8% | | | | | — | | | | | — | | | | | 1.2% | | | | | BlackRock, Inc.(29) | | | | 16,953,258 | | | | | 7.3% | | | | | — | | | | | — | | | | | 1.1% | | | | ||||||||||
| | All directors and executive officers as a group (26 persons)(30) | | | | 2,594,781 | | | | | 1.1% | | | | | 44,083,661 | | | | | 34.4% | | | | | 29.2% | | | | | FMR LLC(30) | | | | 11,382,794 | | | | | 4.9% | | | | | — | | | | | — | | | | | 0.8% | | | | ||||||||||
| | The Vanguard Group(31) | | | | 17,887,435 | | | | | 7.7% | | | | | — | | | | | — | | | | | 1.2% | | | | |||||||||||||||||||||||||||||||||||||||
| | All directors and executive officers as a group (26 persons)(32) | | | | 2,120,568 | | | | | 0.9% | | | | | 43,383,661 | | | | | 34.6% | | | | | 29.3% | | | |
| | | |
| 36 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 37 | |
| 38 | 2022 Proxy Statement | | | |
| | | |
| | | |
| | Key Compensation Matters | | | ||||
| | |||||||
CEO Annual Compensation for Fiscal | | | | In September | | | ||
| | granted to CEO | | | | | | |
| | Certification of Performance Goal for granted to CEO | | | | In August |
| | |||||||
| | NEO Annual Stock-Based Compensation for Fiscal | | | | The annual equity mix remained weighted equally among PSUs, stock options, and restricted stock | | |
| | Payout of PSUs granted to NEOs in Fiscal | | | | Based on the Company’s performance over the three-year period ended June 30, | | |
| | EAIP Payout for NEOs for Fiscal | | | | Our NEOs achieved fiscal | | |
| 42 | 2022 Proxy Statement | | | |
| | Align pay with performance and the interests of stockholders by linking a significant portion of total compensation to the achievement of Company-wide performance criteria during one- and three-year performance periods | | |
| | Deliver approximately one-third of the value of annual equity awards in PSUs, with failure to achieve the pre-established minimum threshold amounts resulting in no payout under the PSUs | | |
| | Conduct an annual evaluation about risk in compensation programs to confirm that our compensation programs are not reasonably likely to have a material adverse effect on the Company | | |
| | Engage a compensation consultant that reports directly to the Compensation Committee (the “Committee”) and is free of conflicts of interest | | |
| | Maintain stock ownership guidelines and holding requirements for executive officers to further align their interests with those of our stockholders | | |
| | Prohibit repricing or buying out stock options | | |
| | Prohibit hedging of outstanding equity grants | | |
| | Maintain policies on insider trading, clawbacks, and pledging | | |
| | | 2022 Proxy Statement | 43 | |
| 44 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 45 | |
| | | |
| | | 2022 Proxy Statement | 47 | |
| 48 | 2022 Proxy Statement | | | |
| | | | | | Threshold | | Target | | Maximum | | Actual Performance* | | | | | | | | Threshold | | Target | | Maximum | | Actual Performance | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | Fiscal 2021 Target | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | | | | | Fiscal 2022 Target | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Diluted EPS | | $5.00 | | | | 50% | | | | | 50% | | | | | 100% | | | | | 100% | | | | | 102.9% | | | | | 140% | | | | | 129.9% | | | | | 140.0% | | | | | Diluted EPS | | $7.03 | | | | 50% | | | | | 50% | | | | | 100% | | | | | 100% | | | | | 103.3% | | | | | 140% | | | | | 103.0% | | | | | 136.2% | | | | ||||||||||||||||||
| | OI Margin Percent | | 16.3% | | | | 50% | | | | | 50% | | | | | 100% | | | | | 100% | | | | | 101.3% | | | | | 140% | | | | | 116.9% | | | | | 140.0% | | | | | OI Margin Percent | | 19.2% | | | | 50% | | | | | 50% | | | | | 100% | | | | | 100% | | | | | 101.6% | | | | | 140% | | | | | 102.8% | | | | | 140.0% | | | | ||||||||||||||||||
| | Net Sales | | $15.77 billion | | | | 85% | | | | | 50% | | | | | 100% | | | | | 100% | | | | | 101.8% | | | | | 140% | | | | | 100.3% | | | | | 107.5% | | | | | Net Sales* | | $18.55 billion | | | | 85% | | | | | 50% | | | | | 100% | | | | | 100% | | | | | 101.3% | | | | | 140% | | | | | 95.8% | | | | | 91.6% | | | | ||||||||||||||||||
| | Corporate Multiplier | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 129.2% | | | | | ROIC | | 18.2% | | | | 50% | | | | | 50% | | | | | 100% | | | | | 100% | | | | | 103.3% | | | | | 140% | | | | | 121.4% | | | | | 140.0% | | | | ||||||||||||||||||
| | Corporate Multiplier | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 124.3% | | | |
| | | 2022 Proxy Statement | 49 | |
| | | | | | Threshold | | Target | | Maximum | | Actual Performance(1) | | | | | | | | Threshold | | Target | | Maximum | | Actual Performance(1) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | Fiscal 2021 Target | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | | | | | Fiscal 2022 Target | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Division Net Sales | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Division Net Sales | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
| | John Demsey | | $4.9 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 104.5% | | | | | 118% | | | | | 90.4% | | | | | 76.0% | | | | | Jane Hertzmark Hudis | | $11.1 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 102.7% | | | | | 118% | | | | | 91.7% | | | | | 79.3% | | | | ||||||||||||||||||
| | Cedric Prouvé | | $12.3 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 104.5% | | | | | 118% | | | | | 98.9% | | | | | 97.2% | | | | | Cedric Prouvé | | $13.6 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 102.7% | | | | | 118% | | | | | 94.3% | | | | | 85.8% | | | | ||||||||||||||||||
| | Division NOP Margin | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | John Demsey | | $5.0 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 102.7% | | | | | 118% | | | | | 98.7% | | | | | 96.7% | | | | ||||||||||||||||||||
| | John Demsey | | 10.1% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 110.9% | | | | | 118% | | | | | 80.1% | | | | | 0.0% | | | | | Division NOP Margin | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| | Cedric Prouvé | | 39.2% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 101.8% | | | | | 118% | | | | | 107.8% | | | | | 118.0% | | | | | Jane Hertzmark Hudis | | 41.0% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 101.1% | | | | | 118% | | | | | 95.9% | | | | | 89.7% | | | | ||||||||||||||||||
| | Online Sales | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cedric Prouvé | | 41.8% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 101.0% | | | | | 118% | | | | | 97.9% | | | | | 94.8% | | | | ||||||||||||||||||
| | John Demsey | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 103.0% | | | | | 118% | | | | | 96.9% | | | | | 92.2% | | | | | John Demsey | | 12.2% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 105.4% | | | | | 118% | | | | | 112.7% | | | | | 118.0% | | | | ||||||||||||||||||
| | Cedric Prouvé | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 105.0% | | | | | 118% | | | | | 96.6% | | | | | 91.4% | | | | | Online Sales | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
| | Online NOP Margin | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Jane Hertzmark Hudis | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 103.0% | | | | | 118% | | | | | 89.3% | | | | | 73.3% | | | | ||||||||||||||||||||
| | John Demsey | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 105.0% | | | | | 118% | | | | | 102.2% | | | | | 118.0% | | | | | Cedric Prouvé | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 103.0% | | | | | 118% | | | | | 87.9% | | | | | 69.7% | | | | ||||||||||||||||||
| | Cedric Prouvé | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 105.0% | | | | | 118% | | | | | 103.3% | | | | | 118.0% | | | | | John Demsey | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 103.0% | | | | | 118% | | | | | 86.7% | | | | | 66.9% | | | | ||||||||||||||||||
| | Total Company Sales | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Online NOP Margin | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
| | John Demsey | | $16.1 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 104.5% | | | | | 118% | | | | | 101.0% | | | | | 103.9% | | | | | Jane Hertzmark Hudis | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 105.0% | | | | | 118% | | | | | 95.7% | | | | | 89.1% | | | | ||||||||||||||||||
| | Cedric Prouvé | | $16.1 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 104.5% | | | | | 118% | | | | | 101.0% | | | | | 103.9% | | | | | Cedric Prouvé | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 105.0% | | | | | 118% | | | | | 98.6% | | | | | 96.5% | | | | ||||||||||||||||||
| | Total Company NOP Margin | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | John Demsey | | —(2) | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 105.0% | | | | | 118% | | | | | 93.2% | | | | | 83.0% | | | | ||||||||||||||||||||
| | John Demsey | | 16.3% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 106.5% | | | | | 118% | | | | | 117.2% | | | | | 118.0% | | | | | Total Company Sales | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| | Cedric Prouvé | | 16.3% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 106.5% | | | | | 118% | | | | | 117.2% | | | | | 118.0% | | | | | Jane Hertzmark Hudis | | $18.5 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 102.7% | | | | | 118% | | | | | 95.7% | | | | | 89.3% | | | | ||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | Cedric Prouvé | | $18.5 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 102.7% | | | | | 118% | | | | | 95.7% | | | | | 89.3% | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | John Demsey | | $18.5 billion | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 102.7% | | | | | 118% | | | | | 95.7% | | | | | 89.3% | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Total Company NOP Margin | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Jane Hertzmark Hudis | | 19.5% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 103.2% | | | | | 118% | | | | | 104.9% | | | | | 118.0% | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Cedric Prouvé | | 19.5% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 103.2% | | | | | 118% | | | | | 95.7% | | | | | 118.0% | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | John Demsey | | 19.5% | | | | 85% | | | | | 62.5% | | | | | 100% | | | | | 100% | | | | | 103.2% | | | | | 118% | | | | | 104.9% | | | | | 118.0% | | | |
| | | |
| | Strategy – Continue cascading the corporate strategy and its key elements throughout the organization. Translate each Business Unit’s strategy into measurable and time bound action items and execute against them. Clearly track progress through key performance indicators and leverage these metrics to reinforce accountability. | | |
| | Collaboration and Talent Development – Championing and leading collaborative, transformational behavior and the development of talent in the organization, integrating our inclusion, diversity, and equity strategy into our ongoing efforts. Align our organizations for speed and efficiency. | | |
| | Key Business Capability Building/Business Transformation – Identifying and taking action on developing capabilities for continuous improvement related to the key operational, sustainability, governance, and financial building blocks that will impact sustainable growth and profitability and the effective use of resources. | | |
| | | | W. P. Lauder & F. Freda | | T.T. Travis | | J. Demsey | | C. Prouvé | | | | | | W. P. Lauder & F. Freda | | T.T. Travis | | J. Hertzmark Hudis | | C. Prouvé | | J. Demsey | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | % of Target | | Actual payout % | | % of Target | | Actual payout % | | % of Target | | Actual payout % | | % of Target | | Actual payout % | | | | | | % of Target | | Actual payout % | | % of Target | | Actual payout % | | % of Target | | Actual payout % | | % of Target | | Actual payout % | | % of Target | | Actual payout % | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Functions Average | | | | 33.3% | | | | | 116.2% | | | | | 10.0% | | | | | 116.2% | | | | | — | | | | | — | | | | | — | | | | | — | | | | | Functions Average | | | | 33.3% | | | | | 115.0% | | | | | 10.0% | | | | | 115.0% | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | ||||||||||||||||||
| | Business Unit Strategic Objectives | | | | — | | | | | — | | | | | 30.0% | | | | | 118.0% | | | | | 20.0% | | | | | 112.0% | | | | | 20.0% | | | | | 112.0% | | | | | Business Unit Strategic Objectives | | | | — | | | | | — | | | | | 30.0% | | | | | 118.0% | | | | | 20.0% | | | | | 116.0% | | | | | 20.0% | | | | | 112.0% | | | | | 20.0% | | | | | 100.0% | | | | ||||||||||||||||||
| | Division Net Sales* | | | | 33.4% | | | | | 103.9% | | | | | 30.0% | | | | | 103.9% | | | | | 25.0% | | | | | 76.0% | | | | | 25.0% | | | | | 97.2% | | | | | Division Net Sales* | | | | 33.4% | | | | | 89.3% | | | | | 30.0% | | | | | 89.3% | | | | | 25.0% | | | | | 79.3% | | | | | 25.0% | | | | | 85.8% | | | | | 25.0% | | | | | 96.7% | | | | ||||||||||||||||||
| | Division NOP Margin* | | | | 33.3% | | | | | 118.0% | | | | | 30.0% | | | | | 118.0% | | | | | 25.0% | | | | | 0.0% | | | | | 25.0% | | | | | 118.0% | | | | | Division NOP Margin* | | | | 33.3% | | | | | 118.0% | | | | | 30.0% | | | | | 118.0% | | | | | 25.0% | | | | | 89.7% | | | | | 25.0% | | | | | 94.8% | | | | | 25.0% | | | | | 118.0% | | | | ||||||||||||||||||
| | Online Sales* | | | | — | | | | | — | | | | | — | | | | | — | | | | | 10.0% | | | | | 92.2% | | | | | 10.0% | | | | | 91.4% | | | | | Online Sales* | | | | — | | | | | — | | | | | — | | | | | — | | | | | 10.0% | | | | | 73.3% | | | | | 10.0% | | | | | 69.7% | | | | | 10.0% | | | | | 66.9% | | | | ||||||||||||||||||
| | Online NOP Margin* | | | | — | | | | | — | | | | | — | | | | | — | | | | | 10.0% | | | | | 118.0% | | | | | 10.0% | | | | | 118.0% | | | | | Online NOP Margin* | | | | — | | | | | — | | | | | — | | | | | — | | | | | 10.0% | | | | | 89.1% | | | | | 10.0% | | | | | 96.5% | | | | | 10.0% | | | | | 83.0% | | | | ||||||||||||||||||
| | Total Company Sales* | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5.0% | | | | | 103.9% | | | | | 5.0% | | | | | 103.9% | | | | | Total Company Sales* | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5.0% | | | | | 89.3% | | | | | 5.0% | | | | | 89.3% | | | | | 5.0% | | | | | 89.3% | | | | ||||||||||||||||||
| | Total Company NOP Margin* | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5.0% | | | | | 118.0% | | | | | 5.0% | | | | | 118.0% | | | | | Total Company NOP Margin* | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5.0% | | | | | 118.0% | | | | | 5.0% | | | | | 118.0% | | | | | 5.0% | | | | | 118.0% | | | | ||||||||||||||||||
| | Business Unit Payout (a) | | | | 100.0% | | | | | 112.7% | | | | | 100.0% | | | | | 113.6% | | | | | 100.0% | | | | | 73.5% | | | | | 100.0% | | | | | 108.2% | | | | | Business Unit Payout (a) | | | | 100.0% | | | | | 107.4% | | | | | 100.0% | | | | | 109.1% | | | | | 100.0% | | | | | 92.1% | | | | | 100.0% | | | | | 94.5% | | | | | 100.0% | | | | | 99.0% | | | | ||||||||||||||||||
| | Corporate Multiplier (b) | | | | — | | | | | 129.2% | | | | | — | | | | | 129.2% | | | | | — | | | | | 129.2% | | | | | — | | | | | 129.2% | | | | | Corporate Multiplier (b) | | | | — | | | | | 124.3% | | | | | — | | | | | 124.3% | | | | | — | | | | | 124.3% | | | | | — | | | | | 124.3% | | | | | — | | | | | 124.3% | | | | ||||||||||||||||||
| | EAIP Payout % (a) x (b) | | | | — | | | | | 145.6% | | | | | — | | | | | 146.7% | | | | | — | | | | | 95.0% | | | | | — | | | | | 139.8% | | | | | EAIP Payout % (a) x (b) | | | | — | | | | | 133.6% | | | | | — | | | | | 135.6% | | | | | — | | | | | 114.5% | | | | | — | | | | | 117.6% | | | | | — | | | | | 123.1% | | | |
| | | |
| | | |
| | | | | Fiscal 2019 through Fiscal 2021 Target | | | Threshold | | Target | | Maximum | | Actual Performance(2) | | | | | | | Fiscal 2020 through Fiscal 2022 Target | | | Threshold | | Target | | Maximum | | Actual Performance(2) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | | | | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Net Sales (CAGR)(1) | | | | 6.6% | | | | | 90.0% | | | | | 50.0% | | | | | 100.0% | | | | | 100.0% | | | | | 102.1% | | | | | 150.0% | | | | | 96.3% | | | | | 81.7% | | | | | Net Sales (CAGR)(1) | | | | 7.2% | | | | | 90.0% | | | | | 50.0% | | | | | 100.0% | | | | | 100.0% | | | | | 102.5% | | | | | 150.0% | | | | | 57.5% | | | | | 58.3% | | | | ||||||||||||||||||
| | Diluted EPS (CAGR) | | | | 9.6% | | | | | 85.0% | | | | | 50.0% | | | | | 100.0% | | | | | 100.0% | | | | | 103.9% | | | | | 150.0% | | | | | 114.2% | | | | | 150.0% | | | | | Diluted EPS (CAGR) | | | | 9.6% | | | | | 85.0% | | | | | 50.0% | | | | | 100.0% | | | | | 100.0% | | | | | 103.9% | | | | | 150.0% | | | | | 116.7% | | | | | 150.0% | | | | ||||||||||||||||||
| | ROIC (CAGR) | | | | 3.2% | | | | | 85.0% | | | | | 50.0% | | | | | 100.0% | | | | | 100.0% | | | | | 103.7% | | | | | 150.0% | | | | | 106.0% | | | | | 150.0% | | | | | ROIC (CAGR) | | | | 0% | | | | | 85.0% | | | | | 50.0% | | | | | 100.0% | | | | | 100.0% | | | | | 101.9% | | | | | 150.0% | | | | | 103.5% | | | | | 150.0% | | | | ||||||||||||||||||
| | Aggregate Payout | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 127.2% | | | | | Aggregate Payout | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 119.4% | | | | ||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | |
| | | | | Fiscal 2021 through Fiscal 2023 Target | | | Threshold(2) | | Target | | Maximum | | | | | | | Fiscal 2022 through Fiscal 2024 Target | | | Threshold(2) | | Target | | Maximum | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | | | | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | % of Target | | Payout (% of Oppty) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Net Sales (CAGR)(1) | | | | 6.0% – 8.0% | | | | | 84.2% | | | | | 50.0% | | | | | 94.6% – 100.0% | | | | | 100.0% | | | | | 111.5% | | | | | 175.0% | | | | | Net Sales (CAGR)(1) | | | | 7.6% – 9.6% | | | | | | 90.0% | | | | | 50.0% | | | | | 100.0% | | | | | | 100.0% | | | | | 107.6% | | | | | 160.0% | | | | ||||||||||||||
| | Diluted EPS (CAGR) | | | | 8.5% – 10.4% | | | | | 78.8% | | | | | 50.0% | | | | | 94.7% – 100.0% | | | | | 100.0% | | | | | 127.6% | | | | | 175.0% | | | | | Diluted EPS (CAGR) | | | | 5.9% – 8.0% | | | | | | 85.0% | | | | | 50.0% | | | | | 100.0% | | | | | | 100.0% | | | | | 115.4% | | | | | 160.0% | | | | ||||||||||||||
| | | | | | | | | | | | | | | | | | ROIC (CAGR) | | (7.5)% | | | | 85.0% | | | | | 50.0% | | | | | 100.0% | | | | | | 100.0% | | | | | 107.7% | | | | | 160.0% | | | |
| | | 2022 Proxy Statement | 53 | |
| 54 | 2022 Proxy Statement | | | |
| | | | | Stock Awards ($000s) | | | Total ($000s) | | | ||||||||||||||||||
| | Fiscal Year | | | Annualized Stock Awards | | | Grant Date Fair Value as Reported in Summary Compensation Table | | | Including Annualized Stock Awards | | | As Reported in Summary Compensation Table | | | ||||||||||||
| | 2022 | | | | $ | 30,002 | | | | | $ | 14,825 | | | | | $ | 45,598 | | | | | $ | 25,480 | | | |
| | 2021 | | | | | 21,220 | | | | | | 50,430 | | | | | | 36,787 | | | | | | 65,997 | | | |
| | 2020 | | | | | 17,931 | | | | | | 8,750 | | | | | | 27,605 | | | | | | 18,424 | | | |
| | | 2022 Proxy Statement | 55 | |
| 56 | 2022 Proxy Statement | | | |
| | | | | Service Period | | | Performance Period | | | Share Payment Date | | |
| | First Tranche (129,282 shares) | | | July 1, 2015 – June 30, 2018 | | | July 1, 2015 – June 30, 2018 | | | June 30, 2021(1) | | |
| | Second Tranche (129,283 shares) | | | July 1, 2015 – June 30, 2019 | | | July 1, 2016 – June 30, 2019 | | | June 30, 2022(2) | | |
| | Third Tranche (129,283 shares) | | | July 1, 2015 – June 30, 2020 | | | July 1, 2017 – June 30, 2020 | | | June 30, 2023(3) | | |
| | | 2022 Proxy Statement | 57 | |
| | | | | Service Period | | | Performance Period | | | Share Payment Date* | | |
| | First Tranche (97,970 shares) | | | January 1, 2018 – June 30, 2021 | | | July 1, 2018 – June 30, 2021 | | | September 3, 2024 | | |
| | Second Tranche (97,970 shares) | | | January 1, 2018 – June 30, 2022 | | | July 1, 2018 – June 30, 2022 | | | September 3, 2024 | | |
| 58 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 59 | |
| 60 | 2022 Proxy Statement | | | |
| | | | | Number of Shares per Tranche | | | Stock Price Goal (per share) | | | Service Period | | | Performance Period for Stock Price Goal | | | Performance Period for Cumulative Operating Income Goal | | | Share Delivery Date* | | | ||||||
| | First Tranche | | | | | 27,457 | | | | | $ | 323.03 | | | | March 11, 2021 – June 30, 2024 | | | March 11, 2021 – June 30, 2024 | | | July 1, 2021 – June 30, 2025 | | | September 2, 2025 | | |
| | Second Tranche | | | | | 28,598 | | | | | $ | 333.21 | | | | March 11, 2021 – June 30, 2024 | | | March 11, 2021 – June 30, 2024 | | | July 1, 2021 – June 30, 2025 | | | September 2, 2025 | | |
| | Third Tranche | | | | | 29,872 | | | | | $ | 343.61 | | | | March 11, 2021 – June 30, 2024 | | | March 11, 2021 – June 30, 2024 | | | July 1, 2021 – June 30, 2025 | | | September 2, 2025 | | |
| | | | | Number of Shares per Tranche | | | Stock Price Goal (per share) | | | Service Period | | | Performance Period for Stock Price Goal | | | Performance Period for Cumulative Operating Income Goal | | | Share Delivery Date(4) | | | ||||||
| | First Tranche | | | | | 27,457 | | | | | $ | 323.03(1) | | | | March 11, 2021 – June 30, 2024 | | | March 11, 2021 – June 30, 2024 | | | July 1, 2021 – June 30, 2025 | | | September 2, 2025 | | |
| | Second Tranche | | | | | 28,598 | | | | | $ | 333.21(2) | | | | March 11, 2021 – June 30, 2024 | | | March 11, 2021 – June 30, 2024 | | | July 1, 2021 – June 30, 2025 | | | September 2, 2025 | | |
| | Third Tranche | | | | | 29,872 | | | | | $ | 343.61(3) | | | | March 11, 2021 – June 30, 2024 | | | March 11, 2021 – June 30, 2024 | | | July 1, 2021 – June 30, 2025 | | | September 2, 2025 | | |
| | | 2022 Proxy Statement | 61 | |
| | Service Period | | | Performance Period | | | Share Delivery Date* | | |
| | March 11, 2021 – June 30, 2024 | | | July 1, 2021 – June 30, 2025 | | | September 2, 2025 | | |
| 62 | 2022 Proxy Statement | | | |
| | | | | Stock Awards ($000s) | | | Total ($000s) | | | ||||||||||||||||||
| | Fiscal Year | | | Annualized Stock Awards | | | Grant Date Fair Value as Reported in Summary Compensation Table | | | Including Annualized Stock Awards | | | As Reported in Summary Compensation Table | | | ||||||||||||
| | 2021 | | | | $ | 21,220 | | | | | $ | 50,430 | | | | | $ | 36,787 | | | | | $ | 65,997 | | | |
| | 2020 | | | | | 17,931 | | | | | | 8,750 | | | | | | 27,605 | | | | | | 18,424 | | | |
| | 2019 | | | | | 19,414 | | | | | | 7,625 | | | | | | 33,225 | | | | | | 21,435 | | | |
| | | | | | | | | | | | | | | | |
| | | 2022 Proxy Statement | 63 | |
| • • Capri Holdings • Clorox • Colgate-Palmolive • Coty • The Gap • International Flavors & Fragrances • Johnson & Johnson • Kimberly-Clark | | | • PepsiCo • Procter & Gamble • PVH Corp. • Ralph Lauren • Revlon • Starbucks • Tapestry • Tiffany & Co. | |
| 64 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 65 | |
| 66 | 2022 Proxy Statement | | | |
| Executive Officer | | | of Salary | | | ||||
| | Executive Chairman | | | | | 8 | | | |
| | President and Chief Executive Officer | | | | | 8 | | | |
| | Chief Financial Officer | | | | | 4 | | | |
| | Group Presidents | | | | | 4 | | | |
| | Other Executive Officers | | | | | 3 | | | |
| | Executive Officer | | | Multiple of Salary Required for FY 2021 | | | Multiple of Salary Required by July 31, 2021 | | | ||||||
| | Executive Chairman | | | | | 5 | | | | | | 8 | | | |
| | President and Chief Executive Officer | | | | | 5 | | | | | | 8 | | | |
| | Chief Financial Officer | | | | | 3 | | | | | | 4 | | | |
| | Group Presidents | | | | | 3 | | | | | | 4 | | | |
| | Other Executive Officers | | | | | 2 | | | | | | 3 | | | |
| | What Counts | | | What Does Not Count | | | ||||||
| | | | Common Stock(1) | | | | | Stock Options (vested or unvested) | | | ||
| | | | Unvested RSUs | | | | | Unvested PSUs and PVUs(3) | | | ||
| | | | Vested PSUs and PVUs(2) | | | | | | | | |
| | | 2022 Proxy Statement | 67 | |
| 68 | 2022 Proxy Statement | | | |
| Compensation Committee | | | Stock Plan Subcommittee | | |||
| Paul J. Fribourg (Chair) Charlene Barshefsky Richard F. Zannino | | | Charlene Barshefsky Paul J. Fribourg Richard | |
| | | |
| | Name and Principal Position | | Year | | Salary ($)(3) | | Bonus ($) | | Stock Awards ($)(4) | | Option Awards ($)(5) | | Non-Equity Incentive Plan Compensation ($)(6) | | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)(7) | | All Other Compensation ($)(8) | | Total ($) | | | | Name and Principal Position | | Year | | Salary ($)(6) | | Bonus ($) | | Stock Awards ($)(7) | | Option Awards ($)(8) | | Non-Equity Incentive Plan Compensation ($)(9) | | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)(10) | | All Other Compensation ($)(11) | | Total ($) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | William P. Lauder Executive Chairman | | | | | 2021 | | | | $ | 1,250,000 | | | | $ | 0 | | | | $ | 2,545,632 | | | | $ | 1,272,609 | | | | $ | 4,512,650 | | | | $ | 376,289 | | | | $ | 69,480 | | | | $ | 10,026,660 | | | | | William P. Lauder Executive Chairman | | | | | 2022 | | | | $ | 1,575,000 | | | | $ | 0 | | | | $ | 2,283,182 | | | | $ | 1,141,841 | | | | $ | 4,348,150 | | | | $ | 200,014 | | | | $ | 53,809 | | | | $ | 9,601,996 | | | | ||||||||||||||||
| | | 2020 | | | | | 1,375,000 | | | | | 0 | | | | | 2,000,086 | | | | | 999,917 | | | | | 1,516,050 | | | | | 1,005,723 | | | | | 61,783 | | | | | 6,958,559 | | | | | | | 2021 | | | | | 1,250,000 | | | | | 0 | | | | | 2,545,632 | | | | | 1,272,609 | | | | | 4,512,650 | | | | | 376,289 | | | | | 69,480 | | | | | 10,026,660 | | | | |||||||||||||||||||||||
| | | 2019 | | | | | 1,500,000 | | | | | 0 | | | | | 1,750,084 | | | | | 874,925 | | | | | 4,392,150 | | | | | 914,133 | | | | | 91,772 | | | | | 9,523,064 | | | | | | | 2020 | | | | | 1,375,000 | | | | | 0 | | | | | 2,000,086 | | | | | 999,917 | | | | | 1,516,050 | | | | | 1,005,723 | | | | | 61,783 | | | | | 6,958,559 | | | | |||||||||||||||||||||||
| | Fabrizio Freda(1) President and Chief Executive Officer | | | | | 2021 | | | | | 1,666,667 | | | | | 0 | | | | | 50,429,620 | | | | | 5,215,140 | | | | | 7,278,500 | | | | | 685,266 | | | | | 721,792 | | | | | 65,996,984 | | | | | Fabrizio Freda(1) President and Chief Executive Officer | | | | | 2022 | | | | | 2,100,000 | | | | | 0 | | | | | 9,883,468 | | | | | 4,941,572 | | | | | 7,013,150 | | | | | 974,688 | | | | | 567,178 | | | | | 25,480,056 | | | | ||||||||||||||||
| | | 2020 | | | | | 1,833,333 | | | | | 0 | | | | | 8,750,030 | | | | | 4,375,020 | | | | | 2,445,250 | | | | | 773,432 | | | | | 246,862 | | | | | 18,423,928 | | | | | | | 2021 | | | | | 1,666,667 | | | | | 0 | | | | | 50,429,620 | | | | | 5,215,140 | | | | | 7,278,500 | | | | | 685,266 | | | | | 721,792 | | | | | 65,996,984 | | | | |||||||||||||||||||||||
| | | 2019 | | | | | 2,000,000 | | | | | 0 | | | | | 7,625,052 | | | | | 3,812,470 | | | | | 7,084,100 | | | | | 740,273 | | | | | 173,533 | | | | | 21,435,428 | | | | | | | 2020 | | | | | 1,833,333 | | | | | 0 | | | | | 8,750,030 | | | | | 4,375,020 | | | | | 2,445,250 | | | | | 773,432 | | | | | 246,862 | | | | | 18,423,928 | | | | |||||||||||||||||||||||
| | Tracey T. Travis(2) Executive Vice President and Chief Financial Officer | | | | | 2021 | | | | | 990,000 | | | | | 0 | | | | | 3,956,044 | | | | | 1,978,065 | | | | | 2,054,250 | | | | | 93,865 | | | | | 60,274 | | | | | 9,132,498 | | | | | Tracey T. Travis(2) Executive Vice President and Chief Financial Officer | | | | | 2022 | | | | | 1,150,000 | | | | | 0 | | | | | 14,883,692 | | | | | 1,920,773 | | | | | 2,061,850 | | | | | 84,388 | | | | | 35,927 | | | | | 20,136,630 | | | | ||||||||||||||||
| | | 2020 | | | | | 1,045,000 | | | | | 0 | | | | | 5,280,101 | | | | | 1,639,995 | | | | | 829,700 | | | | | 172,073 | | | | | 40,015 | | | | | 9,006,884 | | | | | | | 2021 | | | | | 990,000 | | | | | 0 | | | | | 3,956,044 | | | | | 1,978,065 | | | | | 2,054,250 | | | | | 93,865 | | | | | 60,274 | | | | | 9,132,498 | | | | |||||||||||||||||||||||
| | | 2019 | | | | | 1,060,000 | | | | | 0 | | | | | 2,951,990 | | | | | 1,476,030 | | | | | 1,842,400 | | | | | 150,875 | | | | | 63,383 | | | | | 7,544,678 | | | | | | | 2020 | | | | | 1,045,000 | | | | | 0 | | | | | 5,280,101 | | | | | 1,639,995 | | | | | 829,700 | | | | | 172,073 | | | | | 40,015 | | | | | 9,006,884 | | | | |||||||||||||||||||||||
| | John Demsey Executive Group President | | | | | 2021 | | | | | 1,062,000 | | | | | 0 | | | | | 3,496,810 | | | | | 1,748,006 | | | | | 3,057,950 | | | | | 209,100 | | | | | 73,977 | | | | | 9,647,843 | | | | | Jane Hertzmark Hudis(3) Executive Group President | | | | 2022 | | | | | 1,305,000 | | | | | 0 | | | | | 6,383,345 | | | | | 1,441,848 | | | | | 2,289,400 | | | | | 157,387 | | | | | 68,737 | | | | | 11,645,717 | | | | |||||||||||||||||
| | | 2020 | | | | | 1,121,000 | | | | | 0 | | | | | 3,196,628 | | | | | 1,598,387 | | | | | 709,400 | | | | | 363,695 | | | | | 75,786 | | | | | 7,064,896 | | | | | Cedric Prouvé(4) Group President – International | | | | | 2022 | | | | | 1,183,875 | | | | | 0 | | | | | 3,638,779 | | | | | 1,819,081 | | | | | 3,363,500 | | | | | 197,775 | | | | | 107,898 | | | | | 10,310,908 | | | | ||||||||||||||||||||
| | | 2019 | | | | | 1,180,000 | | | | | 0 | | | | | 3,356,492 | | | | | 1,678,272 | | | | | 2,658,100 | | | | | 430,009 | | | | | 71,700 | | | | | 9,374,573 | | | | | | | 2021 | | | | | 1,039,500 | | | | | 0 | | | | | 3,799,040 | | | | | 1,899,615 | | | | | 3,809,850 | | | | | 240,357 | | | | | 77,053 | | | | | 10,865,415 | | | | |||||||||||||||||||||||
| | Cedric Prouvé Group President – International | | | | | 2021 | | | | | 1,039,500 | | | | | 0 | | | | | 3,799,040 | | | | | 1,899,615 | | | | | 3,809,850 | | | | | 240,357 | | | | | 77,053 | | | | | 10,865,415 | | | | | | | 2020 | | | | | 1,097,250 | | | | | 0 | | | | | 3,509,030 | | | | | 1,754,514 | | | | | 1,780,700 | | | | | 515,024 | | | | | 96,192 | | | | | 8,752,710 | | | | |||||||||||||||||||
| | | 2020 | | | | | 1,097,250 | | | | | 0 | | | | | 3,509,030 | | | | | 1,754,514 | | | | | 1,780,700 | | | | | 515,024 | | | | | 96,192 | | | | | 8,752,710 | | | | | John Demsey(5) Former Executive Group President | | | | | 2022 | | | | | 774,796 | | | | | 0 | | | | | 3,828,012 | | | | | 1,914,012 | | | | | 2,765,550 | | | | | 434,538 | | | | | 649,224 | | | | | 10,366,132 | | | | ||||||||||||||||||||
| | | 2019 | | | | | 1,130,000 | | | | | 0 | | | | | 3,244,868 | | | | | 1,622,657 | | | | | 3,676,150 | | | | | 471,491 | | | | | 83,618 | | | | | 10,228,784 | | | | | | | 2021 | | | | | 1,062,000 | | | | | 0 | | | | | 3,496,810 | | | | | 1,748,006 | | | | | 3,057,950 | | | | | 209,100 | | | | | 73,977 | | | | | 9,647,843 | | | | |||||||||||||||||||||||
| | | | 2020 | | | | | 1,121,000 | | | | | 0 | | | | | 3,196,628 | | | | | 1,598,387 | | | | | 709,400 | | | | | 363,695 | | | | | 75,786 | | | | | 7,064,896 | | | |
| | Fiscal Year | | Stock Awards ($) | | Total ($) | | | | Fiscal Year | | Stock Awards ($) | | Total ($) | | | ||||||||||||||||
| | 2021 | | | $ | 21,219,580 | | | | $ | 36,786,944 | | | | | 2022 | | | $ | 30,001,803 | | | | $ | 45,598,391 | | | | ||||
| | 2020 | | | | 17,930,646 | | | | | 27,604,543 | | | | | 2021 | | | | 21,219,580 | | | | | 36,786,944 | | | | ||||
| | 2019 | | | | 19,414,375 | | | | | 33,224,751 | | | | | 2020 | | | | 17,930,646 | | | | | 27,604,543 | | | |
| 70 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 71 | |
| | Name | | Year | | Matching 401(k) Savings Plan Contributions Made on Behalf of the Executives | | Company-Paid Premiums for Executive Life Insurance | | Company-Paid Medical Reimbursement Payment | | Perquisite Allowance(a) | | Financial Counseling(a) | | Personal Use of Company Autos and Company Aircraft(b) | | Companion Travel | | Total – All Other Compensation | | | | Name | | Year | | Matching 401(k) Savings Plan Contributions Made on Behalf of the Executives | | Company-Paid Premiums for Executive Life Insurance | | Company-Paid Medical Reimbursement Payment(a) | | Perquisite Allowance(b) | | Financial Counseling(b) | | Personal Use of Company Autos and Company Aircraft(c) | | Companion Travel | | Additional Amounts(d) | | Total – All Other Compensation | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | William P. Lauder | | | | | 2021 | | | | $ | 14,405 | | | | $ | 18,598 | | | | $ | 6,477 | | | | $ | 20,000 | | | | $ | 10,000 | | | | $ | 0 | | | | $ | 0 | | | | $ | 69,480 | | | | | William P. Lauder | | | | | 2022 | | | | $ | 15,211 | | | | $ | 18,598 | | | | $ | 0 | | | | $ | 20,000 | | | | $ | 0 | | | | $ | 0 | | | | $ | 0 | | | | $ | 0 | | | | $ | 53,809 | | | | |||||||||||||||||
| | | 2020 | | | | | 16,710 | | | | | 18,598 | | | | | 6,475 | | | | | 20,000 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 61,783 | | | | | | | 2021 | | | | | 14,405 | | | | | 18,598 | | | | | 6,477 | | | | | 20,000 | | | | | 10,000 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 69,480 | | | | ||||||||||||||||||||||||
| | | 2019 | | | | | 12,125 | | | | | 18,598 | | | | | 7,072 | | | | | 20,000 | | | | | 5,000 | | | | | 1,506 | | | | | 27,471 | | | | | 91,772 | | | | | | | 2020 | | | | | 16,710 | | | | | 18,598 | | | | | 6,475 | | | | | 20,000 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 61,783 | | | | ||||||||||||||||||||||||
| | Fabrizio Freda | | | | | 2021 | | | | | 14,370 | | | | | 35,735 | | | | | 6,475 | | | | | 20,000 | | | | | 5,000 | | | | | 640,212 | | | | | 0 | | | | | 721,792 | | | | | Fabrizio Freda | | | | | 2022 | | | | | 15,197 | | | | | 35,735 | | | | | 0 | | | | | 20,000 | | | | | 5,000 | | | | | 491,246 | | | | | 0 | | | | | 0 | | | | | 567,178 | | | | |||||||||||||||||
| | | 2020 | | | | | 14,300 | | | | | 35,735 | | | | | 6,475 | | | | | 20,000 | | | | | 5,000 | | | | | 165,353 | | | | | 0 | | | | | 246,862 | | | | | | | 2021 | | | | | 14,370 | | | | | 35,735 | | | | | 6,475 | | | | | 20,000 | | | | | 5,000 | | | | | 640,212 | | | | | 0 | | | | | 0 | | | | | 721,792 | | | | ||||||||||||||||||||||||
| | | 2019 | | | | | 14,027 | | | | | 35,735 | | | | | 6,382 | | | | | 40,000 | | | | | 5,000 | | | | | 57,280 | | | | | 15,109 | | | | | 173,533 | | | | | | | 2020 | | | | | 14,300 | | | | | 35,735 | | | | | 6,475 | | | | | 20,000 | | | | | 5,000 | | | | | 165,353 | | | | | 0 | | | | | 0 | | | | | 246,862 | | | | ||||||||||||||||||||||||
| | Tracey T. Travis | | | | | 2021 | | | | | 14,250 | | | | | 7,644 | | | | | — | | | | | 15,000 | | | | | 10,000 | | | | | 13,200 | | | | | 180 | | | | | 60,274 | | | | | Tracey T. Travis | | | | | 2022 | | | | | 15,083 | | | | | 7,644 | | | | | — | | | | | 0 | | | | | 0 | | | | | 13,200 | | | | | 0 | | | | | 0 | | | | | 35,927 | | | | |||||||||||||||||
| | | 2020 | | | | | 14,171 | | | | | 7,644 | | | | | — | | | | | 0 | | | | | 5,000 | | | | | 13,200 | | | | | 0 | | | | | 40,014 | | | | | | | 2021 | | | | | 14,250 | | | | | 7,644 | | | | | — | | | | | 15,000 | | | | | 10,000 | | | | | 13,200 | | | | | 180 | | | | | 0 | | | | | 60,274 | | | | ||||||||||||||||||||||||
| | | 2019 | | | | | 14,050 | | | | | 7,644 | | | | | — | | | | | 15,000 | | | | | 5,000 | | | | | 13,200 | | | | | 8,489 | | | | | 63,383 | | | | | | | 2020 | | | | | 14,171 | | | | | 7,644 | | | | | — | | | | | 0 | | | | | 5,000 | | | | | 13,200 | | | | | 0 | | | | | 0 | | | | | 40,014 | | | | ||||||||||||||||||||||||
| | John Demsey | | | | | 2021 | | | | | 14,442 | | | | | 19,285 | | | | | 8,551 | | | | | 15,000 | | | | | 3,500 | | | | | 13,200 | | | | | 0 | | | | | 73,977 | | | | | Jane Hertzmark Hudis | | | | 2022 | | | | | 15,327 | | | | | 12,225 | | | | | — | | | | | 22,985 | | | | | 5,000 | | | | | 13,200 | | | | | 0 | | | | | 0 | | | | | 68,737 | | | | ||||||||||||||||||
| | | 2020 | | | | | 16,250 | | | | | 19,285 | | | | | 8,551 | | | | | 15,000 | | | | | 3,500 | | | | | 13,200 | | | | | 0 | | | | | 75,786 | | | | | Cedric Prouvé | | | | | 2022 | | | | | 15,320 | | | | | 44,190 | | | | | 0 | | | | | 30,000 | | | | | 3,500 | | | | | 1,930 | | | | | 6,823 | | | | | 6,135 | | | | | 107,898 | | | | |||||||||||||||||||||
| | | 2019 | | | | | 12,164 | | | | | 19,285 | | | | | 8,551 | | | | | 15,000 | | | | | 3,500 | | | | | 13,200 | | | | | 0 | | | | | 71,700 | | | | | | | 2021 | | | | | 14,269 | | | | | 44,190 | | | | | 7,841 | | | | | 0 | | | | | 3,500 | | | | | 7,125 | | | | | 127 | | | | | 0 | | | | | 77,053 | | | | ||||||||||||||||||||||||
| | Cedric Prouvé | | | | | 2021 | | | | | 14,269 | | | | | 44,190 | | | | | 7,841 | | | | | 0 | | | | | 3,500 | | | | | 7,125 | | | | | 127 | | | | | 77,053 | | | | | | | 2020 | | | | | 14,333 | | | | | 44,190 | | | | | 5,976 | | | | | 15,000 | | | | | 3,500 | | | | | 7,125 | | | | | 6,068 | | | | | 0 | | | | | 96,192 | | | | ||||||||||||||||||||
| | | 2020 | | | | | 14,333 | | | | | 44,190 | | | | | 5,976 | | | | | 15,000 | | | | | 3,500 | | | | | 7,125 | | | | | 6,068 | | | | | 96,192 | | | | | John Demsey | | | | | 2022 | | | | | 12,374 | | | | | 19,285 | | | | | 0 | | | | | 15,000 | | | | | 3,500 | | | | | 8,800 | | | | | 0 | | | | | 590,265 | | | | | 649,224 | | | | |||||||||||||||||||||
| | | 2019 | | | | | 14,087 | | | | | 44,190 | | | | | 6,587 | | | | | 15,000 | | | | | 3,500 | | | | | 254 | | | | | 0 | | | | | 83,618 | | | | | | | 2021 | | | | | 14,442 | | | | | 19,285 | | | | | 8,551 | | | | | 15,000 | | | | | 3,500 | | | | | 13,200 | | | | | 0 | | | | | 0 | | | | | 73,977 | | | | ||||||||||||||||||||||||
| | | | 2020 | | | | | 16,250 | | | | | 19,285 | | | | | 8,551 | | | | | 15,000 | | | | | 3,500 | | | | | 13,200 | | | | | 0 | | | | | 0 | | | | | 75,786 | | | |
| 72 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 73 | |
| 74 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 75 | |
| | | | | | | | | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(1) | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(3) | | All Other Option Awards: Number of Securities Underlying Options (#)(4) | | Exercise or Base Price of Option Awards ($/Sh) | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | | | | | | | | | | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(1) | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(3) | | All Other Option Awards: Number of Securities Underlying Options (#)(4) | | Exercise or Base Price of Option Awards ($/Sh) | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Name | | Award Type | | Grant Date | | Threshold ($) | | Target ($) | | Maximum ($) | | Threshold (#) | | Target (#) | | Maximum (#) | | | Name | | Award Type | | Grant Date | | Threshold ($) | | Target ($) | | Maximum ($) | | Threshold (#) | | Target (#) | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | William P. Lauder | | | EAIP | | | | N/A | | | | $ | 1,550,000 | | | | $ | 3,100,000 | | | | $ | 5,115,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | William P. Lauder | | | EAIP | | | | N/A | | | | $ | 1,627,500 | | | | $ | 3,255,000 | | | | $ | 5,370,750 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
| PSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | 2,919 | | | | | 5,837 | | | | | 10,215 | | | | | | | | | | | | | | | | | | | $ | 1,272,816 | | | | | PSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | 1,659 | | | | | 3,318 | | | | | 5,309 | | | | | | | | | | | | | | | | | | | $ | 1,141,591 | | | | |||||||||||||||||||||||||||||
| RSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,837 | | | | | | | | | | | | | | | 1,272,816 | | | | | RSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,318 | | | | | | | | | | | | | | | 1,141,591 | | | | |||||||||||||||||||||||||||||
| Options | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 21,900 | | | | $ | 218.06 | | | | | 1,272,609 | | | | | Options | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 12,834 | | | | $ | 344.06 | | | | | 1,141,841 | | | | |||||||||||||||||||||||||||||
| | Fabrizio Freda | | | EAIP | | | | N/A | | | | | 2,500,000 | | | | | 5,000,000 | | | | | 8,250,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fabrizio Freda | | | EAIP | | | | N/A | | | | | 2,625,000 | | | | | 5,250,000 | | | | | 8,662,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
| PSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | 11,957 | | | | | 23,914 | | | | | 41,850 | | | | | | | | | | | | | | | | | | | | 5,214,687 | | | | | PSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | 7,182 | | | | | 14,363 | | | | | 22,981 | | | | | | | | | | | | | | | | | | | | 4,941,734 | | | | |||||||||||||||||||||||||||||
| PSU(6) | | | | 3/11/2021 | | | | | | | | | | | | | | | | | | | | | | | | | 68,578 | | | | | | | | | | | | | | | | | | | | | | | | | 20,000,088 | | | | | RSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 14,363 | | | | | | | | | | | | | | | 4,941,734 | | | | |||||||||||||||||||||||||||||
| PVU(6) | | | | 3/11/2021 | | | | | | | | | | | | | | | | | | | | | | | | | 85,927 | | | | | | | | | | | | | | | | | | | | | | | | | 20,000,158 | | | | | Options | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 55,542 | | | | | 344.06 | | | | | 4,941,572 | | | | |||||||||||||||||||||||||||||
| RSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 23,914 | | | | | | | | | | | | | | | 5,214,687 | | | | | Tracey T. Travis | | | EAIP | | | | N/A | | | | | 760,000 | | | | | 1,520,000 | | | | | 2,508,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||
| Options | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 89,746 | | | | | 218.06 | | | | | 5,215,140 | | | | | PSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | 2,792 | | | | | 5,583 | | | | | 8,933 | | | | | | | | | | | | | | | | | | | | 4,941,734 | | | | |||||||||||||||||||||||||||||
| | Tracey T. Travis | | | EAIP | | | | N/A | | | | | 700,000 | | | | | 1,400,000 | | | | | 2,310,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | PSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | 14,533(6) | | | | | | | | | | | | | | | | | | | | | | | | | 5,000,224 | | | | |||||||||||||||||||||||||
| PSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | 4,536 | | | | | 9,071 | | | | | 15,875 | | | | | | | | | | | | | | | | | | | | 1,978,022 | | | | | RSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,583 | | | | | | | | | | | | | | | 4,941,734 | | | | |||||||||||||||||||||||||||||
| RSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,071 | | | | | | | | | | | | | | | 1,978,022 | | | | | Options | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 21,589 | | | | | 344.06 | | | | | 1,920,773 | | | | |||||||||||||||||||||||||||||
| Options | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 34,040 | | | | | 218.06 | | | | | 1,978,065 | | | | | Jane Hertzmark Hudis | | | EAIP | | | | N/A | | | | | 1,000,000 | | | | | 2,000,000 | | | | | 3,300,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||
| | John Demsey | | | EAIP | | | | N/A | | | | | 1,610,000 | | | | | 3,220,000 | | | | | 5,313,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | PSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | 2,095 | | | | | 4,190 | | | | | 6,704 | | | | | | | | | | | | | | | | | | | | 1,441,611 | | | | |||||||||||||||||||||||||
| PSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | 4,009 | | | | | 8,018 | | | | | 14,032 | | | | | | | | | | | | | | | | | | | | 1,748,405 | | | | | RSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,190 | | | | | | | | | | | | | | | 1,441,611 | | | | |||||||||||||||||||||||||||||
| RSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,018 | | | | | | | | | | | | | | | 1,748,405 | | | | | RSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,173(7) | | | | | | | | | | | | | | | 3,500,122 | | | | |||||||||||||||||||||||||||||
| Options | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 30,081 | | | | | 218.06 | | | | | 1,748,006 | | | | | Options | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16,206 | | | | | 344.06 | | | | | 1,441,848 | | | | |||||||||||||||||||||||||||||
| | Cedric Prouvé | | | EAIP | | | | N/A | | | | | 1,362,500 | | | | | 2,725,000 | | | | | 4,496,250 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cedric Prouvé | | | EAIP | | | | N/A | | | | | 1,430,625 | | | | | 2,861,250 | | | | | 4,721,063 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
| PSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | 4,356 | | | | | 8,711 | | | | | 15,245 | | | | | | | | | | | | | | | | | | | | 1,899,520 | | | | | PSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | 2,644 | | | | | 5,288 | | | | | 8,461 | | | | | | | | | | | | | | | | | | | | 1,819,389 | | | | |||||||||||||||||||||||||||||
| RSU | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,711 | | | | | | | | | | | | | | | 1,899,520 | | | | | RSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,288 | | | | | | | | | | | | | | | 1,819,389 | | | | |||||||||||||||||||||||||||||
| Options | | | | 9/3/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 32,690 | | | | | 218.06 | | | | | 1,899,615 | | | | | Options | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 20,446 | | | | | 344.06 | | | | | 1,819,081 | | | | |||||||||||||||||||||||||||||
| | John Demsey | | | EAIP | | | | N/A | | | | | 1,658,300 | | | | | 3,316,600 | | | | | 5,472,390 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | 2,782 | | | | | 5,563 | | | | | 8,901 | | | | | | | | | | | | | | | | | | | | 1,914,006 | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RSU | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,563 | | | | | | | | | | | | | | | 1,914,006 | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Options | | | | 9/2/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 21,513 | | | | | 344.06 | | | | | 1,914,012 | | | |
| | | |
| | | |
| | | | | | | | | Option Awards(1) | | | | Stock Awards | | | | | | | | | | | Option Awards(1) | | | | Stock Awards | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Name | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | | | Award Type | | Number of Shares or Units of Stock That Have Not Vested (#)(2) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(3) | | Award Type | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(4) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(5) | | | | Name | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | | | Award Type | | Number of Shares or Units of Stock That Have Not Vested (#)(2) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(3) | | Award Type | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(4) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(5) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | William P. Lauder | | | | | 9/6/16 | | | | | 11,883 | | | | | 0 | | | | $ | 89.470 | | | | | 9/6/26 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | William P. Lauder | | | | | 9/4/18 | | | | | 7,053 | | | | | 0 | | | | $ | 138.150 | | | | | 9/4/28 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
| | | 9/5/17 | | | | | 20,361 | | | | | 0 | | | | | 107.950 | | | | | 9/5/27 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9/3/19 | | | | | 6,080 | | | | | 6,080 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 1,671 | | | | $ | 434,510 | | | | | PSU | | | | | 5,986 | | | | $ | 1,556,540 | | | | |||||||||||||||||||||||||
| | | 9/4/18 | | | | | 14,106 | | | | | 7,053 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | RSU | | | | | 2,112 | | | | $ | 681,817 | | | | | PSU | | | | | 8,057 | | | | $ | 2,601,041 | | | | | | | 9/3/20 | | | | | 7,300 | | | | | 14,600 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 3,892 | | | | | 1,006,432 | | | | | PSU | | | | | 10,215 | | | | | 2,641,497 | | | | |||||||||||||||||||||||||
| | | 9/3/19 | | | | | 6,080 | | | | | 12,160 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 3,342 | | | | | 1,073,150 | | | | | PSU | | | | | 5,013 | | | | | 1,609,724 | | | | | | | 9/2/21 | | | | | 0 | | | | | 12,834 | | | | | 344.060 | | | | | 9/2/31 | | | | | | | RSU | | | | | 3,318 | | | | | 858,002 | | | | | PSU | | | | | 5,309 | | | | | 1,361,599 | | | | |||||||||||||||||||||||||
| | | 9/3/20 | | | | | 0 | | | | | 21,900 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 5,837 | | | | | 1,865,914 | | | | | PSU | | | | | 10,215 | | | | | 3,265,429 | | | | | Fabrizio Freda | | | | | 9/4/15 | | | | | 148,258 | | | | | 0 | | | | | 77.350 | | | | | 9/4/25 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
| | Fabrizio Freda | | | | | 9/3/14 | | | | | 127,919 | | | | | 0 | | | | | 76.230 | | | | | 9/3/24 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9/4/15 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PSU(6) | | | | | 129,283 | | | | | 34,367,300 | | | | |||||||||||||||||||||
| | | 9/4/15 | | | | | 148,258 | | | | | 0 | | | | | 77.350 | | | | | 9/4/25 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9/6/16 | | | | | 151,163 | | | | | 0 | | | | | 89.470 | | | | | 9/6/26 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
| | | 9/4/15 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PSU(6) | | | | | 258,566 | | | | | 84,527,811 | | | | | | | 9/5/17 | | | | | 135,597 | | | | | 0 | | | | | 107.950 | | | | | 9/5/27 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
| | | 9/6/16 | | | | | 151,163 | | | | | 0 | | | | | 89.470 | | | | | 9/6/26 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/14/18 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PSU(7) | | | | | 195,940 | | | | | 51,510,667 | | | | |||||||||||||||||||||||||
| | | 9/5/17 | | | | | 135,597 | | | | | 0 | | | | | 107.950 | | | | | 9/5/27 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9/4/18 | | | | | 92,200 | | | | | 0 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
| | | 2/14/18 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PSU(7) | | | | | 195,940 | | | | | 63,478,682 | | | | | | | 9/3/19 | | | | | 53,204 | | | | | 26,603 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 7,311 | | | | | 1,901,079 | | | | | PSU | | | | | 26,186 | | | | | 6,809,146 | | | | |||||||||||||||||||||||||
| | | 9/4/18 | | | | | 61,466 | | | | | 30,734 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | RSU | | | | | 9,199 | | | | | 2,969,713 | | | | | PSU | | | | | 35,104 | | | | | 11,332,624 | | | | | | | 9/3/20 | | | | | 29,915 | | | | | 59,831 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 15,943 | | | | | 4,122,700 | | | | | PSU | | | | | 41,850 | | | | | 10,821,992 | | | | |||||||||||||||||||||||||
| | | 9/3/19 | | | | | 26,602 | | | | | 53,205 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 14,621 | | | | | 4,694,949 | | | | | PSU | | | | | 21,931 | | | | | 7,042,263 | | | | | | | 3/11/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PVU(8) | | | | | 85,927 | | | | | 22,128,780 | | | | |||||||||||||||||||||||||
| | | 9/3/20 | | | | | 0 | | | | | 89,746 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 23,914 | | | | | 7,644,588 | | | | | PSU | | | | | 41,850 | | | | | 13,378,190 | | | | | | | 3/11/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PSU(9) | | | | | 68,578 | | | | | 17,660,892 | | | | |||||||||||||||||||||||||
| | | 3/11/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PVU(8) | | | | | 85,927 | | | | | 27,377,201 | | | | | | | 9/2/21 | | | | | 0 | | | | | 55,542 | | | | | 344.060 | | | | | 9/2/31 | | | | | | | RSU | | | | | 14,363 | | | | | 3,734,811 | | | | | PSU | | | | | 22,981 | | | | | 5,893,937 | | | | |||||||||||||||||||||||||
| | | 3/11/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PSU(9) | | | | | 68,578 | | | | | 21,849,637 | | | | | Tracey T. Travis | | | | | 9/4/18 | | | | | 35,696 | | | | | 0 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
| | Tracey T. Travis | | | | | 9/6/16 | | | | | 53,531 | | | | | 0 | | | | | 89.470 | | | | | 9/6/26 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9/3/19 | | | | | 19,944 | | | | | 9,972 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 2,741 | | | | | 712,742 | | | | | PSU | | | | | 9,816 | | | | | 2,552,454 | | | | |||||||||||||||||||||
| | | 9/5/17 | | | | | 47,638 | | | | | 0 | | | | | 107.950 | | | | | 9/5/27 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9/3/19 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | RSU(10) | | | | | 10,026 | | | | | 2,607,061 | | | | | — | | | | | — | | | | | — | | | | |||||||||||||||||||||||||
| | | 9/4/18 | | | | | 23,797 | | | | | 11,899 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | RSU | | | | | 3,562 | | | | | 1,149,920 | | | | | PSU | | | | | 13,591 | | | | | 4,387,583 | | | | | | | 9/3/20 | | | | | 11,346 | | | | | 22,694 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 6,048 | | | | | 1,563,952 | | | | | PSU | | | | | 15,875 | | | | | 4,105,116 | | | | |||||||||||||||||||||||||
| | | 9/3/19 | | | | | 9,972 | | | | | 19,944 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 5,481 | | | | | 1,760,004 | | | | | PSU | | | | | 8,221 | | | | | 2,639,845 | | | | | | | 9/2/21 | | | | | 0 | | | | | 21,589 | | | | | 344.060 | | | | | 9/2/31 | | | | | | | RSU | | | | | 5,583 | | | | | 1,443,708 | | | | | PSU | | | | | 8,933 | | | | | 2,291,047 | | | | |||||||||||||||||||||||||
| | | 9/3/19 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | RSU(10) | | | | | 10,026 | | | | | 3,219,449 | | | | | — | | | | | — | | | | | — | | | | | | | 9/2/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | PSU(11) | | | | | 14,533 | | | | | 3,727,279 | | | | |||||||||||||||||||||||||
| | | 9/3/20 | | | | | 0 | | | | | 34,040 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 9,071 | | | | | 2,899,727 | | | | | PSU | | | | | 15,875 | | | | | 5,074,761 | | | | | Jane Hertzmark Hudis | | | | | 9/5/17 | | | | | 10,535 | | | | | 0 | | | | | 107.950 | | | | | 9/5/27 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
| | John Demsey | | | | | 9/4/18 | | | | | 0 | | | | | 13,529 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | RSU | | | | | 4,050 | | | | | 1,307,462 | | | | | PSU | | | | | 15,453 | | | | | 4,988,692 | | | | | | | 9/4/18 | | | | | 23,176 | | | | | 0 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||
| | | 9/3/19 | | | | | 0 | | | | | 19,438 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 5,342 | | | | | 1,715,370 | | | | | PSU | | | | | 8,012 | | | | | 2,572,733 | | | | | | | 9/3/19 | | | | | 14,595 | | | | | 7,298 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 2,005 | | | | | 521,360 | | | | | PSU | | | | | 7,182 | | | | | 1,867,535 | | | | |||||||||||||||||||||||||
| | | 9/3/20 | | | | | 0 | | | | | 30,081 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 8,018 | | | | | 2,563,114 | | | | | PSU | | | | | 14,032 | | | | | 4,485,609 | | | | | | | 9/3/20 | | | | | 8,960 | | | | | 17,924 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 4,777 | | | | | 1,235,284 | | | | | PSU | | | | | 12,539 | | | | | 3,242,460 | | | | |||||||||||||||||||||||||
| | Cedric Prouvé | | | | | 9/4/18 | | | | | 0 | | | | | 13,081 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | RSU | | | | | 3,915 | | | | | 1,263,879 | | | | | PSU | | | | | 14,939 | | | | | 4,822,757 | | | | | | | 9/2/21 | | | | | 0 | | | | | 16,206 | | | | | 344.060 | | | | | 9/2/31 | | | | | | | RSU | | | | | 4,190 | | | | | 1,074,609 | | | | | PSU | | | | | 6,704 | | | | | 1,719,375 | | | | |||||||||||||||||||||
| | | 9/3/19 | | | | | 0 | | | | | 21,337 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 5,864 | | | | | 1,882,989 | | | | | PSU | | | | | 8,795 | | | | | 2,824,162 | | | | | | | 9/2/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | RSU(12) | | | | | 10,173 | | | | | 2,609,069 | | | | | — | | | | | — | | | | | — | | | | |||||||||||||||||||||||||
| | | 9/3/20 | | | | | 0 | | | | | 32,690 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 8,711 | | | | | 2,784,645 | | | | | PSU | | | | | 15,245 | | | | | 4,873,369 | | | | | Cedric Prouvé | | | | | 9/4/18 | | | | | 13,081 | | | | | 0 | | | | | 138.150 | | | | | 9/4/28 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
| | | | 9/3/19 | | | | | 21,337 | | | | | 0 | | | | | 199.490 | | | | | 9/3/29 | | | | | | | RSU | | | | | 2,932 | | | | | 762,408 | | | | | PSU | | | | | 10,502 | | | | | 2,730,835 | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 9/3/20 | | | | | 32,690 | | | | | 0 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 5,808 | | | | | 1,501,891 | | | | | PSU | | | | | 15,245 | | | | | 3,942,205 | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 9/2/21 | | | | | 20,446 | | | | | 0 | | | | | 344.060 | | | | | 9/2/31 | | | | | | | RSU | | | | | 5,288 | | | | | 1,356,213 | | | | | PSU | | | | | 8,461 | | | | | 2,169,993 | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| John Demsey | | | | | 9/3/19 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | RSU | | | | | 2,671 | | | | | 694,540 | | | | | PSU | | | | | 9,567 | | | | | 2,487,707 | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 9/3/20 | | | | | 20,054 | | | | | 0 | | | | | 218.060 | | | | | 9/3/30 | | | | | | | RSU | | | | | 5,346 | | | | | 1,382,422 | | | | | PSU | | | | | 14,032 | | | | | 3,628,535 | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 9/2/21 | | | | | 21,513 | | | | | 0 | | | | | 344.060 | | | | | 9/2/31 | | | | | | | RSU | | | | | 5,563 | | | | | 1,426,743 | | | | | PSU | | | | | 8,901 | | | | | 2,282,839 | | | |
| 78 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 79 | |
| 80 | 2022 Proxy Statement | | | |
| | | | Option Awards | | Stock Awards | | | | | | Option Awards | | Stock Awards | | | ||||||||||||||||||||||||||||||||||||||||
| | Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($)(1) | | Number of Shares Acquired on Vesting (#)(2) | | Value Realized on Vesting ($)(3) | | | | Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($)(1) | | Number of Shares Acquired on Vesting (#)(2) | | Value Realized on Vesting ($)(3) | | | ||||||||||||||||||||||||||||||||
| | William P. Lauder | | | | 0 | | | | $ | 0 | | | | | 15,724(4) | | | | $ | 3,531,729 | | | | | William P. Lauder | | | | 52,430(4) | | | | $ | 10,971,917 | | | | | 13,785(5) | | | | $ | 4,698,315 | | | | ||||||||
| | Fabrizio Freda | | | | 301,061(5) | | | | | 50,979,015 | | | | | 198,812(6) | | | | | 57,880,054(7) | | | | | Fabrizio Freda | | | | 127,919(6) | | | | | 24,048,772 | | | | | 188,867(7) | | | | | 54,681,696(8) | | | | ||||||||
| | Tracey T. Travis | | | | 187,284(8) | | | | | 35,603,899 | | | | | 24,929(9) | | | | | 5,599,978 | | | | | Tracey T. Travis | | | | 101,169(9) | | | | | 23,989,493 | | | | | 22,916(10) | | | | | 7,814,874 | | | | ||||||||
| | John Demsey | | | | 44,895(10) | | | | | 7,069,726 | | | | | 32,114(11) | | | | | 7,211,389 | | | | | Jane Hertzmark Hudis | | | | — | | | | | — | | | | | 30,008(11) | | | | | 10,071,411(12) | | | | ||||||||
| | Cedric Prouvé | | | | 93,096(12) | | | | | 13,165,902 | | | | | 28,441(13) | | | | | 6,388,240 | | | | | Cedric Prouvé | | | | — | | | | | — | | | | | 24,689(13) | | | | | 8,426,266 | | | | ||||||||
| | John Demsey | | | | 42,994(14) | | | | | 5,197,099 | | | | | 24,846(15) | | | | | 8,489,042 | | | |
| | | |
| | Name | | | Plan Name | | | Number of Years Credited Service (#)* | | | Present Value of Accumulated Benefit ($) | | | Payments During Last Fiscal Year ($) | | | |||||||||
| | William P. Lauder | | | RGA Plan | | | | | 35 | | | | | $ | 687,620 | | | | | $ | 0 | | | |
| Restoration Plan | | | | | | | | | | | 6,590,187 | | | | | | 0 | | | | ||||
| | Fabrizio Freda | | | RGA Plan | | | | | 13 | | | | | | 163,493 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 3,479,761 | | | | | | 0 | | | | ||||
| Employment Agreement | | | | | | | | | | | 4,336,735 | | | | | | 0 | | | | ||||
| | Tracey T. Travis | | | RGA Plan | | | | | 8 | | | | | | 91,607 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 607,937 | | | | | | 0 | | | | ||||
| | John Demsey | | | RGA Plan | | | | | 30 | | | | | | 568,086 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 4,245,488 | | | | | | 0 | | | | ||||
| | Cedric Prouvé | | | RGA Plan | | | | | 28 | | | | | | 430,300 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 3,607,161 | | | | | | 0 | | | |
| 82 | 2022 Proxy Statement | | | |
| | Name | | | Plan Name | | | Number of Years Credited Service (#)(1) | | | Present Value of Accumulated Benefit ($) | | | Payments During Last Fiscal Year ($) | | | |||||||||
| | William P. Lauder | | | RGA Plan | | | | | 36 | | | | | $ | 688,101 | | | | | $ | 0 | | | |
| Restoration Plan | | | | | | | | | | | 6,703,306 | | | | | | 0 | | | | ||||
| | Fabrizio Freda | | | RGA Plan | | | | | 14 | | | | | | 183,307 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 4,009,929 | | | | | | 0 | | | | ||||
| Employment Agreement | | | | | | | | | | | 4,761,441 | | | | | | 0 | | | | ||||
| | Tracey T. Travis | | | RGA Plan | | | | | 9 | | | | | | 99,803 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 684,129 | | | | | | 0 | | | | ||||
| | Jane Hertzmark Hudis | | | RGA Plan | | | | | 36 | | | | | | 705,122 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 2,000,811 | | | | | | 0 | | | | ||||
| | Cedric Prouvé(2) | | | RGA Plan | | | | | 29 | | | | | | 440,914 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 3,794,322 | | | | | | 0 | | | | ||||
| | John Demsey(2) | | | RGA Plan | | | | | 31 | | | | | | 631,597 | | | | | | 0 | | | |
| Restoration Plan | | | | | | | | | | | 4,616,515 | | | | | | 0 | | | |
| | Name | | | Executive Contributions in Last FY ($) | | | Registrant Contributions in Last FY ($) | | | Aggregate Earnings in Last FY ($)(1) | | | Aggregate Withdrawals/ Distributions ($) | | | Aggregate Balance at Last FYE ($) | | | |||||||||||||||
| | William P. Lauder | | | | | — | | | | | | — | | | | | $ | 271,431 | | | | | | — | | | | | $ | 8,555,850(2) | | | |
| | Fabrizio Freda | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | Tracey T. Travis | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | John Demsey | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | Cedric Prouvé | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | | 2022 Proxy Statement | 83 | |
| | Name | | | Executive Contributions in Last FY ($) | | | Registrant Contributions in Last FY ($) | | | Aggregate Earnings in Last FY ($)(1) | | | Aggregate Withdrawals/ Distributions ($) | | | Aggregate Balance at Last FYE ($) | | | |||||||||||||||
| | William P. Lauder | | | | | — | | | | | | — | | | | | $ | 406,403 | | | | | | — | | | | | $ | 8,962,253(2) | | | |
| | Fabrizio Freda | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | Tracey T. Travis | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | Jane Hertzmark Hudis | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | Cedric Prouvé | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | John Demsey | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| 84 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 85 | |
| 86 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 87 | |
| 88 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 89 | |
| 90 | 2022 Proxy Statement | | | |
| | | | | Retirement ($) | | | Voluntary Termination ($) | | | Death ($) | | | Disability ($) | | | Termination without Cause or by Executive for Material Breach ($) | | | Termination without Cause or for Good Reason After Change of Control ($)(4) | | | ||||||||||||||||||
| | William P. Lauder | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Base Salary | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,575,000 | | | | | $ | 1,575,000 | | | | | $ | 3,150,000 | | | | | $ | 3,150,000 | | | |
| | Bonus | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 2,215,200 | | | | | | 2,215,200 | | | |
| | Options | | | | | 870,000 | | | | | | 870,000 | | | | | | 870,000 | | | | | | 870,000 | | | | | | 870,000 | | | | | | 870,000 | | | |
| | Annual PSUs | | | | | 4,002,980 | | | | | | 4,002,980 | | | | | | 4,002,980 | | | | | | 4,002,980 | | | | | | 4,002,980 | | | | | | 4,002,980 | | | |
| | RSUs | | | | | 2,298,944 | | | | | | 2,298,944 | | | | | | 2,298,944 | | | | | | 2,298,944 | | | | | | 2,298,944 | | | | | | 2,298,944 | | | |
| | Continued Health Care Benefits(1) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 28,443 | | | | | | 56,887 | | | | | | 56,887 | | | |
| | Continued Participation in Pension and Retirement Plans(2) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 90,009 | | | | | | 295,470 | | | | | | 295,470 | | | |
| | Other Benefits and Perquisites(3) | | | | | 0 | | | | | | 0 | | | | | | 5,000 | | | | | | 36,798 | | | | | | 73,596 | | | | | | 93,596 | | | |
| | Total | | | | $ | 7,171,924 | | | | | $ | 7,171,924 | | | | | $ | 8,751,924 | | | | | $ | 8,902,174 | | | | | $ | 12,963,077 | | | | | $ | 12,983,077 | | | |
| | Fabrizio Freda | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Base Salary | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 2,100,000 | | | | | $ | 2,100,000 | | | | | $ | 4,200,000 | | | | | $ | 4,200,000 | | | |
| | Bonus | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 3,572,913 | | | | | | 3,572,913 | | | |
| | Options | | | | | 3,658,366 | | | | | | 3,658,366 | | | | | | 3,658,366 | | | | | | 3,658,366 | | | | | | 3,658,366 | | | | | | 3,658,366 | | | |
| | Annual PSUs | | | | | 16,715,748 | | | | | | 16,715,748 | | | | | | 16,715,748 | | | | | | 16,715,748 | | | | | | 16,715,748 | | | | | | 16,715,748 | | | |
| | Non-annual PSUs | | | | | 0 | | | | | | 0 | | | | | | 12,226,772 | | | | | | 12,226,772 | | | | | | 17,660,892 | | | | | | 17,660,892 | | | |
| | PVUs | | | | | 0 | | | | | | 0 | | | | | | 22,128,780 | | | | | | 22,128,780 | | | | | | 22,128,780 | | | | | | 22,128,780 | | | |
| | RSUs | | | | | 9,758,591 | | | | | | 9,758,591 | | | | | | 9,758,591 | | | | | | 9,758,591 | | | | | | 9,758,591 | | | | | | 9,758,591 | | | |
| | Continued Health Care Benefits(1) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 28,443 | | | | | | 56,887 | | | | | | 56,887 | | | |
| | Continued Participation in Pension and Retirement Plans(2) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 485,000 | | | | | | 970,106 | | | | | | 970,106 | | | |
| | Other Benefits and Perquisites(3) | | | | | 0 | | | | | | 0 | | | | | | 5,000 | | | | | | 53,935 | | | | | | 107,870 | | | | | | 127,870 | | | |
| | Total | | | | $ | 30,132,705 | | | | | $ | 30,132,705 | | | | | $ | 66,593,257 | | | | | $ | 67,155,635 | | | | | $ | 78,830,153 | | | | | $ | 78,850,153 | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | |
| | | | | Retirement ($) | | | Voluntary Termination ($) | | | Death ($) | | | Disability ($) | | | Termination without Cause or by Executive for Material Breach ($) | | | Termination without Cause or for Good Reason After Change of Control ($)(4) | | | ||||||||||||||||||
| | William P. Lauder | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Base Salary | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,500,000 | | | | | $ | 1,500,000 | | | | | $ | 3,000,000 | | | | | $ | 3,000,000 | | | |
| | Bonus | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 1,507,175 | | | | | | 1,507,175 | | | |
| | Options | | | | | 4,901,539 | | | | | | 4,901,539 | | | | | | 4,901,539 | | | | | | 4,901,539 | | | | | | 4,901,539 | | | | | | 4,901,539 | | | |
| | Annual PSUs | | | | | 5,679,936 | | | | | | 5,679,936 | | | | | | 5,679,936 | | | | | | 5,679,936 | | | | | | 5,679,936 | | | | | | 5,679,936 | | | |
| | RSUs | | | | | 3,620,880 | | | | | | 3,620,880 | | | | | | 3,620,880 | | | | | | 3,620,880 | | | | | | 3,620,880 | | | | | | 3,620,880 | | | |
| | Continued Health Care Benefits(1) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 37,572 | | | | | | 75,144 | | | | | | 75,144 | | | |
| | Continued Participation in Pension and Retirement Plans(2) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 90,505 | | | | | | 253,205 | | | | | | 253,205 | | | |
| | Other Benefits and Perquisites(3) | | | | | 0 | | | | | | 0 | | | | | | 5,000 | | | | | | 36,798 | | | | | | 73,596 | | | | | | 93,596 | | | |
| | Total | | | | $ | 14,202,355 | | | | | $ | 14,202,355 | | | | | $ | 15,707,355 | | | | | $ | 15,867,230 | | | | | $ | 19,111,475 | | | | | $ | 19,131,475 | | | |
| | Fabrizio Freda | | | | | | | | | | | | | | | | | | | | | | | | | | ��� | | | | | | | | | | | | |
| | Base Salary | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 2,000,000 | | | | | $ | 2,000,000 | | | | | $ | 4,000,000 | | | | | $ | 4,000,000 | | | |
| | Bonus | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 2,430,938 | | | | | | 2,430,938 | | | |
| | Options | | | | | 20,815,944 | | | | | | 20,815,944 | | | | | | 20,815,944 | | | | | | 20,815,944 | | | | | | 20,815,944 | | | | | | 20,815,944 | | | |
| | Annual PSUs | | | | | 23,941,425 | | | | | | 23,941,425 | | | | | | 23,941,425 | | | | | | 23,941,425 | | | | | | 23,941,425 | | | | | | 23,941,425 | | | |
| | Non-annual PSUs | | | | | 0 | | | | | | 0 | | | | | | 40,143,047 | | | | | | 40,143,047 | | | | | | 46,866,012 | | | | | | 53,588,977 | | | |
| | PVUs | | | | | 0 | | | | | | 0 | | | | | | 27,377,201 | | | | | | 27,377,201 | | | | | | 27,377,201 | | | | | | 27,377,201 | | | |
| | RSUs | | | | | 15,309,251 | | | | | | 15,309,251 | | | | | | 15,309,251 | | | | | | 15,309,251 | | | | | | 15,309,251 | | | | | | 15,309,251 | | | |
| | Continued Health Care Benefits(1) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 37,570 | | | | | | 75,140 | | | | | | 75,140 | | | |
| | Continued Participation in Pension and Retirement Plans(2) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 485,000 | | | | | | 970,260 | | | | | | 970,260 | | | |
| | Other Benefits and Perquisites(3) | | | | | 0 | | | | | | 0 | | | | | | 5,000 | | | | | | 53,935 | | | | | | 107,870 | | | | | | 127,870 | | | |
| | Total | | | | $ | 60,066,620 | | | | | $ | 60,066,620 | | | | | $ | 129,591,869 | | | | | $ | 130,163,374 | | | | | $ | 141,894,042 | | | | | $ | 148,637,007 | | | |
| | Tracey T. Travis | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Base Salary | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,100,000 | | | | | $ | 1,100,000 | | | | | $ | 2,200,000 | | | | | $ | 2,200,000 | | | |
| | Bonus | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 720,988 | | | | | | 720,988 | | | |
| | Options | | | | | 0 | | | | | | 0 | | | | | | 7,910,827 | | | | | | 7,910,827 | | | | | | 7,910,827 | | | | | | 7,910,827 | | | |
| | Annual PSUs | | | | | 0 | | | | | | 0 | | | | | | 9,034,289 | | | | | | 9,034,289 | | | | | | 9,034,289 | | | | | | 9,034,289 | | | |
| | RSUs | | | | | 0 | | | | | | 0 | | | | | | 8,681,051 | | | | | | 8,681,051 | | | | | | 9,029,100 | | | | | | 9,029,100 | | | |
| | Continued Health Care Benefits(1) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 31,095 | | | | | | 62,189 | | | | | | 62,189 | | | |
| | Continued Participation in Pension and Retirement Plans(2) | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 60,391 | | | | | | 145,292 | | | | | | 145,292 | | | |
| | Other Benefits and Perquisites(3) | | | | | 0 | | | | | | 0 | | | | | | 5,000 | | | | | | 25,844 | | | | | | 51,687 | | | | | | 71,687 | | | |
| | Total | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 26,731,168 | | | | | $ | 26,843,497 | | | | | $ | 29,154,372 | | | | | $ | 29,174,372 | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | Retirement ($) | | Voluntary Termination ($) | | Death ($) | | Disability ($) | | Termination without Cause or by Executive for Material Breach ($) | | Termination without Cause or for Good Reason After Change of Control ($)(4) | | | | | | Retirement ($) | | Voluntary Termination ($) | | Death ($) | | Disability ($) | | Termination without Cause or by Executive for Material Breach ($) | | Termination without Cause or for Good Reason After Change of Control ($)(4) | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | John Demsey | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tracey T. Travis | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||
| | Base Salary | | | $ | 0 | | | | $ | 0 | | | | $ | 1,180,000 | | | | $ | 1,180,000 | | | | $ | 2,360,000 | | | | $ | 2,360,000 | | | | | Base Salary | | | $ | 0 | | | | $ | 0 | | | | $ | 1,150,000 | | | | $ | 1,150,000 | | | | $ | 2,300,000 | | | | $ | 2,300,000 | | | | ||||||||||||
| | Bonus | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 941,838 | | | | | 941,838 | | | | | Bonus | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 1,029,025 | | | | | 1,029,025 | | | | ||||||||||||
| | Options | | | | 7,748,127 | | | | | 7,748,127 | | | | | 7,748,127 | | | | | 7,748,127 | | | | | 7,748,127 | | | | | 7,748,127 | | | | | Options | | | | 1,381,082 | | | | | 1,381,082 | | | | | 1,381,082 | | | | | 1,381,082 | | | | | 1,381,082 | | | | | 1,381,082 | | | | ||||||||||||
| | Annual PSUs | | | | 8,344,550 | | | | | 8,344,550 | | | | | 8,344,550 | | | | | 8,344,550 | | | | | 8,344,550 | | | | | 8,344,550 | | | | | Annual PSUs | | | | 6,395,918 | | | | | 6,395,918 | | | | | 6,395,918 | | | | | 6,395,918 | | | | | 6,395,918 | | | | | 6,395,918 | | | | ||||||||||||
| | RSUs | | | | 5,585,945 | | | | | 5,585,945 | | | | | 5,585,945 | | | | | 5,585,945 | | | | | 5,585,945 | | | | | 5,585,945 | | | | | Non-annual PSUs | | | | 0 | | | | | 0 | | | | | 1,863,639 | | | | | 1,863,639 | | | | | 2,795,459 | | | | | 3,727,279 | | | | ||||||||||||
| | Continued Health Care Benefits(1) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 28,101 | | | | | 56,203 | | | | | 56,203 | | | | | RSUs | | | | 3,720,403 | | | | | 3,720,403 | | | | | 3,720,403 | | | | | 3,720,403 | | | | | 3,720,403 | | | | | 3,720,403 | | | | ||||||||||||
| | Continued Participation in Pension and Retirement Plans(2) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 72,309 | | | | | 194,574 | | | | | 194,574 | | | | | Non-annual RSUs | | | | 0 | | | | | 0 | | | | | 2,607,061 | | | | | 2,607,061 | | | | | 2,607,061 | | | | | 2,607,061 | | | | ||||||||||||
| | Other Benefits and Perquisites(3) | | | | 0 | | | | | 0 | | | | | 5,000 | | | | | 37,485 | | | | | 74,970 | | | | | 94,970 | | | | | Continued Health Care Benefits(1) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 28,347 | | | | | 56,694 | | | | | 56,694 | | | | ||||||||||||
| | Total | | | $ | 21,678,622 | | | | $ | 21,678,622 | | | | $ | 22,863,622 | | | | $ | 22,996,517 | | | | $ | 25,306,206 | | | | $ | 25,326,206 | | | | | Continued Participation in Pension and Retirement Plans(2) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 58,694 | | | | | 162,172 | | | | | 162,172 | | | | ||||||||||||
| | Cedric Prouvé | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other Benefits and Perquisites(3) | | | | 0 | | | | | 0 | | | | | 5,000 | | | | | 25,844 | | | | | 51,687 | | | | | 71,687 | | | | ||||||||||||
| | Base Salary | | | $ | 0 | | | | $ | 0 | | | | $ | 1,155,000 | | | | $ | 1,155,000 | | | | $ | 2,310,000 | | | | $ | 2,310,000 | | | | | Total | | | $ | 11,497,403 | | | | $ | 11,497,403 | | | | $ | 17,123,103 | | | | $ | 17,230,988 | | | | $ | 20,499,501 | | | | $ | 21,451,321 | | | | ||||||||||||
| | Bonus | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 1,397,638 | | | | | 1,397,638 | | | | | Jane Hertzmark Hudis | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||
| | Options | | | | 8,153,673 | | | | | 8,153,673 | | | | | 8,153,673 | | | | | 8,153,673 | | | | | 8,153,673 | | | | | 8,153,673 | | | | | Base Salary | | | $ | 0 | | | | $ | 0 | | | | $ | 1,305,000 | | | | $ | 1,305,000 | | | | $ | 2,610,000 | | | | $ | 2,610,000 | | | | ||||||||||||
| | Annual PSUs | | | | 9,109,373 | | | | | 9,109,373 | | | | | 9,109,373 | | | | | 9,109,373 | | | | | 9,109,373 | | | | | 9,109,373 | | | | | Bonus | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 1,202,075 | | | | | 1,202,075 | | | | ||||||||||||
| | RSUs | | | | 5,931,514 | | | | | 5,931,514 | | | | | 5,931,514 | | | | | 5,931,514 | | | | | 5,931,514 | | | | | 5,931,514 | | | | | Options | | | | 1,058,901 | | | | | 1,058,901 | | | | | 1,058,901 | | | | | 1,058,901 | | | | | 1,058,901 | | | | | 1,058,901 | | | | ||||||||||||
| | Continued Health Care Benefits(1) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 27,255 | | | | | 54,510 | | | | | 54,510 | | | | | Annual PSUs | | | | 4,961,770 | | | | | 4,961,770 | | | | | 4,961,770 | | | | | 4,961,770 | | | | | 4,961,770 | | | | | 4,961,770 | | | | ||||||||||||
| | Continued Participation in Pension and Retirement Plans(2) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 72,829 | | | | | 214,388 | | | | | 214,388 | | | | | Annual RSUs | | | | 2,831,254 | | | | | 2,831,254 | | | | | 2,831,254 | | | | | 2,831,254 | | | | | 2,831,254 | | | | | 2,831,254 | | | | ||||||||||||
| | Other Benefits and Perquisites(3) | | | | 0 | | | | | 0 | | | | | 5,000 | | | | | 62,390 | | | | | 124,780 | | | | | 144,780 | | | | | Non-annual RSUs | | | | 0 | | | | | 0 | | | | | 2,609,069 | | | | | 2,609,069 | | | | | 2,327,008 | | | | | 2,609,069 | | | | ||||||||||||
| | Total | | | $ | 23,194,560 | | | | $ | 23,194,560 | | | | $ | 24,354,560 | | | | $ | 24,512,034 | | | | $ | 27,295,875 | | | | $ | 27,315,875 | | | | | Continued Health Care Benefits(1) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 17,598 | | | | | 35,196 | | | | | 35,196 | | | | ||||||||||||
| | | | | | | | | | | | | | | | Continued Participation in Pension and Retirement Plans(2) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 77,478 | | | | | 221,319 | | | | | 221,319 | | | | ||||||||||||||||||||||||||||||||
| | Other Benefits and Perquisites(3) | | | | 0 | | | | | 0 | | | | | 5,000 | | | | | 30,425 | | | | | 60,850 | | | | | 80,850 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | Total | | | $ | 8,851,925 | | | | $ | 8,851,925 | | | | $ | 12,770,994 | | | | $ | 12,891,495 | | | | $ | 15,308,373 | | | | $ | 15,610,434 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | |
| 92 | 2022 Proxy Statement | | | |
| | | 2022 Proxy Statement | 93 | |
| | | |
| | | |
| Fee Type | | Fiscal 2021 (PwC) | | Fiscal 2020 (KPMG) | | Fee Type | | Fiscal 2022 | | Fiscal 2021 | | ||||||||||||||||
| | | (in thousands) | | | | (in thousands) | | ||||||||||||||||||||
| Audit Fees | | | $ | 9,879(1) | | | | $ | 10,938(a) | | | Audit Fees(1) | | | $ | 10,537 | | | | $ | 9,879 | | | ||||
| Audit-Related Fees | | | | 1,888(2) | | | | | 282(b) | | | Audit-Related Fees(2) | | | | 1,157 | | | | | 1,888 | | | ||||
| Tax Fees | | | | 574(3) | | | | | 2,408(c) | | | Tax Fees(3) | | | | 771 | | | | | 574 | | | ||||
| All Other Fees | | | | — | | | | | | | | All Other Fees | | | | — | | | | | — | | | ||||
| Total | | | $ | 12,341 | | | | $ | 13,628 | | | Total | | | $ | 12,465 | | | | $ | 12,341 | | |
| 96 | 2022 Proxy Statement | | | |
| | | The Board recommends a vote FOR the proposal to ratify the appointment of PricewaterhouseCoopers LLP as independent auditors of the Company for the fiscal year ending June 30, | |
| | | |
| | | The Board recommends a vote FOR the proposed resolution. Proxies received by the Board will be so voted unless a contrary choice is specified in the proxy. | |
| 98 | | | | |
| | | |
| | | SPENCER G. SMUL Senior Vice President, Deputy General Counsel and Secretary New York, New York September | |
| 100 | | | | |
| | Financial Metric ($ in million, except EPS data) | | | Fiscal 2021 | | | Fiscal 2020 | | | Fiscal 2019 | | | Fiscal 2018 | | | Fiscal 2017 | | | |||||||||||||||
| | Net Sales as reported | | | | $ | 16,215 | | | | | $ | 14,294 | | | | | $ | 14,863 | | | | | $ | 13,683 | | | | | $ | 11,824 | | | |
| | Returns associated with restructuring activities | | | | | 14 | | | | | | — | | | | | | 3 | | | | | | 8 | | | | | | 2 | | | |
| | Net Sales as adjusted | | | | $ | 16,229 | | | | | $ | 14,294 | | | | | $ | 14,866 | | | | | $ | 13,691 | | | | | $ | 11,826 | | | |
| | As Reported, year-over-year variance | | | 13% | | | (4)% | | | 9% | | | 16% | | | 5% | | | |||||||||||||||
| | Adjusted, year-over-year variance | | | 14% | | | (4)% | | | 9% | | | 16% | | | 5% | | | |||||||||||||||
| | Adjusted, year-over-year variance, constant currency(1) | | | 11% | | | (3)% | | | 11% | | | 13% | | | 7% | | |
| | Operating Margin as reported | | | | | 16.1% | | | | | | 4.2% | | | | | | 15.6% | | | | | | 15.0% | | | | 14.3% | | | |||
| | Goodwill, other intangible asset and long-lived asset impairments | | | | | 1.2% | | | | | | 10.0% | | | | | | 0.6% | | | | | | — | | | | 0.3% | | | |||
| | Changes in fair value of contingent consideration | | | | | — | | | | | | (0.1)% | | | | | | (0.2)% | | | | | | (0.3)% | | | | (0.5)% | | | |||
| | Returns and charges associated with restructuring activities | | | | | 1.4% | | | | | | 0.6% | | | | | | 1.6% | | | | | | 1.9% | | | | 1.8% | | | |||
| | Acquisition-related stock option expense | | | | | 0.2% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | Operating Margin as adjusted | | | | | 18.9% | | | | | | 14.7% | | | | | | 17.5% | | | | | | 16.6% | | | | | | 15.9% | | | |
| | Financial Metric ($ in millions) | | | Fiscal 2022 | | | Fiscal 2021 | | | Fiscal 2020 | | | Fiscal 2019 | | | Fiscal 2018 | | | |||||||||||||||
| | Net Sales as reported | | | | $ | 17,737 | | | | | $ | 16,215 | | | | | $ | 14,294 | | | | | $ | 14,863 | | | | | $ | 13,683 | | | |
| | Returns associated with restructuring activities | | | | | 4 | | | | | | 14 | | | | | | — | | | | | | 3 | | | | | | 8 | | | |
| | Net Sales as adjusted | | | | $ | 17,741 | | | | | $ | 16,229 | | | | | $ | 14,294 | | | | | $ | 14,866 | | | | | $ | 13,691 | | | |
| | As Reported, year-over-year variance | | | | | 9% | | | | 13% | | | (4)% | | | 9% | | | 16% | | |
| | Adjusted, year-over-year variance | | | | | 9% | | | | 14% | | | (4)% | | | 9% | | | 16% | | |
| | Adjusted, year-over-year variance, constant currency(1) | | | | | 10% | | | | 11% | | | (3)% | | | 11% | | | 13% | | |
| | Organic Net Sales growth(2) | | | 8% | | | | | | | | | | | | | | |
| | Impact of Acquisitions, Divestitures and Brand Closures, net | | | 2% | | | | | | | | | | | | | | |
| | Impact of Foreign Currency Translation | | | (1)% | | | | | | | | | | | | | | |
| | Returns associated with restructuring activities | | | — | | | | | | | | | | | | | | |
| | As Reported Net Sales growth | | | 9% | | | | | | | | | | | | | | |
|
| | | |
| | Financial Metric ($ in million, except EPS data) | | | Fiscal 2021 | | | Fiscal 2020 | | | Fiscal 2019 | | | Fiscal 2018 | | | Fiscal 2017 | | | |||||||||||||||
| | Diluted EPS as reported | | | | $ | 7.79 | | | | | $ | 1.86 | | | | | $ | 4.82 | | | | | $ | 2.95 | | | | | $ | 3.35 | | | |
| | Goodwill, other intangible asset and long-lived asset impairments | | | | | 0.40 | | | | | | 3.31 | | | | | | 0.23 | | | | | | — | | | | | | 0.06 | | | |
| | Transition Tax resulting from the TCJA | | | | | — | | | | | | — | | | | | | (0.03) | | | | | | 0.94 | | | | | | — | | | |
| | Remeasurement of U.S. net deferred tax assets resulting from the TCJA | | | | | — | | | | | | — | | | | | | 0.02 | | | | | | 0.08 | | | | | | — | | | |
| | Net deferred tax liability related to certain foreign withholding taxes on planned repatriation resulting from the TCJA | | | | | — | | | | | | — | | | | | | 0.02 | | | | | | 0.12 | | | | | | — | | | |
| | Changes in fair value of contingent consideration | | | | | (0.01) | | | | | | (0.04) | | | | | | (0.08) | | | | | | (0.09) | | | | | | (0.12) | | | |
| | Other income, net, primarily the gain on previously held equity method investment | | | | | (2.30) | | | | | | (1.20) | | | | | | — | | | | | | — | | | | | | — | | | |
| | Gain on liquidation of an investment in a foreign subsidiary, net | | | | | — | | | | | | — | | | | | | (0.15) | | | | | | — | | | | | | — | | | |
| | China deferred tax asset valuation allowance reversal | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (0.20) | | | |
| | Returns and charges associated with restructuring activities | | | | | 0.48 | | | | | | 0.19 | | | | | | 0.51 | | | | | | 0.51 | | | | | | 0.38 | | | |
| | Acquisition-related stock option expense | | | | | 0.09 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | Diluted EPS as adjusted | | | | $ | 6.45 | | | | | $ | 4.12 | | | | | $ | 5.34 | | | | | $ | 4.51 | | | | | $ | 3.47 | | | |
| | As Reported, year-over-year variance | | | 100+% | | | (61)% | | | 63% | | | (12)% | | | 13% | | | |||||||||||||||
| | Adjusted, year-over-year variance | | | 57% | | | (23)% | | | 18% | | | 30% | | | 8% | | | |||||||||||||||
| | Adjusted, year-over-year variance, constant currency(1) | | | 54% | | | (22)% | | | 22% | | | 24% | | | 11% | | | |||||||||||||||
| | Return on Invested Capital, as reported | | | 22.5 | | | 17.4 | | | 22.6 | | | 13.9 | | | 18.3 | | | |||||||||||||||
| | Return on Invested Capital, as adjusted(2) | | | 24.6 | | | 18.5 | | | 25.7 | | | 21.1 | | | 18.9 | | | |||||||||||||||
| | Certain amounts do not sum due to rounding | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Financial Metric | | | Fiscal 2022 | | | Fiscal 2021 | | | Fiscal 2020 | | | Fiscal 2019 | | | Fiscal 2018 | | | |||||||||||||||
| | Operating Margin as reported | | | | | 17.9% | | | | | | 16.1% | | | | | | 4.2% | | | | | | 15.6% | | | | 15.0% | | | |||
| | Goodwill, other intangible and long-lived asset impairments | | | | | 1.3% | | | | | | 1.2% | | | | | | 10.0% | | | | | | 0.6% | | | | | | — | | | |
| | Changes in fair value of contingent consideration | | | | | — | | | | | | — | | | | | | (0.1)% | | | | | | (0.2)% | | | | (0.3)% | | | |||
| | Returns and charges associated with restructuring activities | | | | | 0.8% | | | | | | 1.4% | | | | | | 0.6% | | | | | | 1.6% | | | | 1.9% | | | |||
| | Changes in fair value of acquisition-related stock options (less portion attributable to redeemable noncontrolling interest) | | | | | (0.3)% | | | | | | 0.2% | | | | | | — | | | | | | — | | | | | | — | | | |
| | Operating Margin as adjusted | | | | | 19.7% | | | | | | 18.9% | | | | | | 14.7% | | | | | | 17.5% | | | | 16.6% | | | |||
| | | | | | | | | | | | | | | | | | | |
| | Financial Metric | | | Fiscal 2022 | | | Fiscal 2021 | | | Fiscal 2020 | | | Fiscal 2019 | | | Fiscal 2018 | | | |||||||||||||||
| | Diluted EPS as reported | | | | $ | 6.55 | | | | | $ | 7.79 | | | | | $ | 1.86 | | | | | $ | 4.82 | | | | | $ | 2.95 | | | |
| | Goodwill, other intangible and long-lived asset impairments | | | | | 0.50 | | | | | | 0.40 | | | | | | 3.31 | | | | | | 0.23 | | | | | | — | | | |
| | Transition Tax resulting from the TCJA | | | | | — | | | | | | — | | | | | | — | | | | | | (0.03) | | | | | | 0.94 | | | |
| | Remeasurement of U.S. net deferred tax assets resulting from the TCJA | | | | | — | | | | | | — | | | | | | — | | | | | | 0.02 | | | | | | 0.08 | | | |
| | Net deferred tax liability related to certain foreign withholding taxes on planned repatriation resulting from the TCJA | | | | | — | | | | | | — | | | | | | — | | | | | | 0.02 | | | | | | 0.12 | | | |
| | Changes in fair value of contingent consideration | | | | | — | | | | | | (0.01) | | | | | | (0.04) | | | | | | (0.08) | | | | (0.09) | | | |||
| | Other income, net, primarily the gain on previously held equity method investment | | | | | — | | | | | | (2.30) | | | | | | (1.20) | | | | | | — | | | | | | — | | | |
| | Gain on liquidation of an investment in a foreign subsidiary, net | | | | | — | | | | | | — | | | | | | — | | | | | | (0.15) | | | | | | — | | | |
| | Returns and charges associated with restructuring activities | | | | | 0.31 | | | | | | 0.48 | | | | | | 0.19 | | | | | | 0.51 | | | | | | 0.51 | | | |
| | Change in fair value of acquisition-related stock options (less portion attributable to redeemable noncontrolling interest) | | | | | (0.12) | | | | | | 0.09 | | | | | | — | | | | | | — | | | | | | — | | | |
| | Diluted EPS as adjusted | | | | $ | 7.24 | | | | | $ | 6.45 | | | | | $ | 4.12 | | | | | $ | 5.34 | | | | | $ | 4.51 | | | |
| | As Reported, year-over-year variance | | | (16)% | | | 100+% | | | (61)% | | | 63% | | | (12)% | | | |||||||||||||||
| | Adjusted, year-over-year variance | | | 12% | | | 57% | | | (23)% | | | 18% | | | 30% | | | |||||||||||||||
| | Adjusted, year-over-year variance, constant currency(1) | | | 12% | | | 54% | | | (22)% | | | 22% | | | 24% | | | |||||||||||||||
| | Return on Invested Capital, as reported | | | 22.2 | | | 22.5 | | | 17.4 | | | 22.6 | | | 13.9 | | | |||||||||||||||
| | Return on Invested Capital, as adjusted(3) | | | 26.6 | | | 24.6 | | | 18.5 | | | 25.7 | | | 21.1 | | | |||||||||||||||
| | Certain amounts do not sum due to rounding | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| A-2 | 2022 Proxy Statement | | | |
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