Barry S Sternlicht, Director 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 Sternlicht, Director 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 Sternlicht the right to buy the company's stock at $123.81 per share.
Estee Lauder Cos shares are trading down 1.01% at $121.21 at the time of this writing on Tuesday morning. Since the current price is $121.21, this makes Sternlicht's 2,326 shares worth $281,934.