Charlene Barshefsky, Board Member at Estee Lauder Cos (NYSE:EL), reported a large acquisition of company stock options on November 20, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Barshefsky, Board Member at Estee Lauder Cos, a company in the Consumer Staples sector, was just awarded stock options worth 2,326 shares of EL. The options give Barshefsky the right to buy the company's stock at $123.81 per share.
Estee Lauder Cos shares are trading down 1.77% at $120.28 at the time of this writing on Tuesday morning. Since the current price is $120.28, this makes Barshefsky's 2,326 shares worth $279,771.