Jane Lauder, the granddaughter of Estée Lauder and former chief data officer for the Estée Lauder Companies, sold $1.68 million worth of company shares on Nov. 26 according to a report from Investing.com published Monday.
The former president of Clinique sold 17,840 shares of Class A Common Stock with prices ranging from $94.35 to $94.52 per share, the report said. On the same date, Lauder exercised options to acquire the same number of shares at $89.46. The move means that Lauder, who is a director of the company, remains in direct ownership of 58,763 ELC shares.
The insider activity comes after an eventful year for the Estée Lauder Companies, which has seen a 31 percent rise in stock price year-over-year. The company is currently midway through executing its Beauty Turnaround restructuring plan, which was announced by new CEO Stéphane de La Faverie in February and seeks to lay up around 7,000 employees to trim costs. It was confirmed that 3,200 employees had been let go in August.
Lauder, who departed her role as ELC’s executive vice president and chief data officer in December 2024, founded pet health investment firm TAW Ventures in January. Named after Lauder’s goldendoodle dog Thaddeus Alistair Warsh, the company announced it had invested in UK premium dog food brand Marleybones in November.
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