Estée Lauder Amends Share Plan and Holds Annual Meeting

The Estée Lauder Companies ( (EL) ) just unveiled an announcement.

The Estée Lauder Companies Inc. made key amendments to its Share Incentive Plan, increasing available Class A shares by 12 million and revising vesting rules for benefits. The plan now includes ‘double trigger’ vesting upon a change in control and removes individual share caps for participants. Additionally, the term of the plan extends to 2034. During the annual stockholders meeting, the election of directors and approval of executive compensation and independent auditors were ratified.

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