Stock repurchased during period

[Table of Contents](#i2ba0bd92bcb14d27a1d59d9667569d45_7)THE ESTÉE LAUDER COMPANIES INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSNOTE 17 – COMMON STOCK  
As of June 30, 2022, the Company’s authorized common stock consists of 1,300 million shares of Class A Common Stock, par value $.01 per share, and 304 million shares of Class B Common Stock, par value $.01 per share. Class B Common Stock is convertible into Class A Common Stock, in whole or in part, at any time and from time to time at the option of the holder, on the basis of one share of Class A Common Stock for each share of Class B Common Stock converted. Holders of the Company’s Class A Common Stock are entitled to one vote per share and holders of the Company’s Class B Common Stock are entitled to ten votes per share.Information about the Company’s common stock outstanding is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Shares in thousands) |  | Class A |  | Class B |
| Balance at June 30, 2019 |  | 221,564.5  |  |  | 139,537.8  |  |
| Acquisition of treasury stock |  | (4,665.0) |  |  | —  |  |
| Conversion of Class B to Class A |  | 4,302.4  |  |  | (4,302.4) |  |
| Stock-based compensation |  | 4,088.3  |  |  | —  |  |
| Balance at June 30, 2020 |  | 225,290.2  |  |  | 135,235.4  |  |
| Acquisition of treasury stock |  | (2,580.5) |  |  | —  |  |
| Conversion of Class B to Class A |  | 6,993.4  |  |  | (6,993.4) |  |
| Stock-based compensation |  | 3,814.3  |  |  | —  |  |
| Balance at June 30, 2021 |  | 233,517.4  |  |  | 128,242.0  |  |
| Acquisition of treasury stock |  | (7,393.6) |  |  | —  |  |
| Conversion of Class B to Class A |  | 2,700.0  |  |  | (2,700.0) |  |
| Stock-based compensation |  | 2,689.7  |  |  | —  |  |
| Balance at June 30, 2022 |  | 231,513.5  |  |  | 125,542.0  |  |

  
The Company is authorized by the Board of Directors to repurchase Class A Common Stock in the open market or in privately negotiated transactions, depending on market conditions and other factors. As of June 30, 2022, the remaining authorized share repurchase balance was 25.9 million shares. Subsequent to June 30, 2022 and as of August 17, 2022, the Company purchased approximately 0.2 million additional shares of the Company's Class A Common Stock for $63 million pursuant to its share repurchase program.  
The following is a summary of cash dividends declared per share on the Company’s Class A and Class B Common Stock during the year ended June 30, 2022:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Date Declared |  | Record Date |  | Payable Date |  | Amount per Share |
|  |  |  |  |  |  |  |
| August 18, 2021 |  | August 31, 2021 |  | September 15, 2021 |  | $ | .53  |  |
| November 1, 2021 |  | November 30, 2021 |  | December 15, 2021 |  | $ | .60  |  |
| February 2, 2022 |  | February 28, 2022 |  | March 15, 2022 |  | $ | .60  |  |
| May 2, 2022 |  | May 31, 2022 |  | June 15, 2022 |  | $ | .60  |  |

  
On August 17, 2022, a dividend was declared in the amount of $.60 per share on the Company's Class A and Class B Common Stock. The dividend is payable in cash on September 15, 2022 to stockholders of record at the close of business on August 31, 2022.  
F-64
