Estee Lauder (NYSE: EL) director adds stock units via dividend reinvestment

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ESTEE LAUDER COMPANIES INC director Richard F. Zannino reported automatic stock unit awards linked to dividend reinvestments. On 2026-06-15, he acquired 41.44 stock units indirectly through an LLC and 11.60 stock units in a direct account, both labeled as "Stock Units (Share Payout)." Each stock unit represents a right to receive one share of Class A Common Stock. The filing notes these awards reflect reinvestment of dividend equivalents on outstanding stock units, functioning as compensation rather than open‑market purchases.

The indirect units are held by a limited liability company owned by trusts for the benefit of his family, over which he has investment power. Following these awards, indirect stock unit holdings reported in this entry total 10,697.76 units and direct stock unit holdings total 2,995.13 units. All such stock units are scheduled to be paid out in shares on the first business day of the calendar year after his service as a director ends.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider ZANNINO RICHARD F

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Units (Share Payout)	11.6	$90.00	$1K
Grant/Award	Stock Units (Share Payout)	41.44	$90.00	$4K

Holdings After Transaction: Stock Units (Share Payout) — 2,995.13 shares (Direct, null); Stock Units (Share Payout) — 10,697.76 shares (Indirect, by LLC)

Footnotes (1)

Not applicable. Represents reinvestment of dividend equivalents on outstanding stock units. The stock units will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company. Limited Liability Company ("LLC") owned by trusts for the benefit of members of the Reporting Person's family. The Reporting Person has investment power over the securities of the Issuer held by the LLC.

Key Figures

Indirect stock units granted: 41.44 units Direct stock units granted: 11.60 units Reference price per unit: $90.00 +3 more

6 metrics

Indirect stock units granted 41.44 units Awarded 2026-06-15 via LLC as dividend equivalent reinvestment

Direct stock units granted 11.60 units Awarded 2026-06-15 in director’s direct account

Reference price per unit $90.00 Listed transaction price for both stock unit awards

Indirect units after transaction 10,697.76 units Total stock units held indirectly through LLC after award

Direct units after transaction 2,995.13 units Total stock units held directly after award

Derivative transaction count 2 transactions Both transactions reported as derivative stock unit awards

Key Terms

Stock Units (Share Payout), dividend equivalents, Class A Common Stock, Limited Liability Company ("LLC"), +1 more

5 terms

dividend equivalents financial

"Represents reinvestment of dividend equivalents on outstanding stock units."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Class A Common Stock financial

"underlying_security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Limited Liability Company ("LLC") financial

"Limited Liability Company ("LLC") owned by trusts for the benefit of members of the Reporting Person's family."

indirect ownership financial

"ownership_type: "indirect" and nature_of_ownership: "by LLC""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/16/2026 - 04:36 PM Accepted by SEC EDGAR 06/16/2026 - 04:35 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ZANNINO RICHARD F

(Last)

(First)

(Middle)

C/O CCMP CAPITAL PARTNERS

277 PARK AVENUE

(Street)

NEW YORK

10172

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ESTEE LAUDER COMPANIES INC [ EL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Units (Share Payout)	⁽¹⁾	06/15/2026		A⁽²⁾		11.6		⁽³⁾	⁽³⁾	Class A Common Stock	11.6	$90	2,995.13	D
Stock Units (Share Payout)	⁽¹⁾	06/15/2026		A⁽²⁾		41.44		⁽³⁾	⁽³⁾	Class A Common Stock	41.44	$90	10,697.76	I	by LLC⁽⁴⁾

Explanation of Responses:

1. Not applicable.

2. Represents reinvestment of dividend equivalents on outstanding stock units.

3. The stock units will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company.

4. Limited Liability Company ("LLC") owned by trusts for the benefit of members of the Reporting Person's family. The Reporting Person has investment power over the securities of the Issuer held by the LLC.

Remarks:

	Richard F. Zannino, by Robin Cohen, Attorney-in-fact	06/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Richard F. Zannino report at Estee Lauder (EL)?

Richard F. Zannino reported awards of stock units tied to dividend reinvestments, not open-market trades. He acquired 41.44 units indirectly via an LLC and 11.60 units directly, each representing future Class A Common Stock payouts after his board service ends.

Are Richard F. Zannino’s recent EL stock unit awards open-market purchases?

No, the reported EL stock unit awards are compensation-related, reflecting dividend equivalent reinvestments on existing stock units. They were granted at a reference price of $90.00 per unit and do not represent discretionary open-market buying or selling of Estee Lauder shares.

How many Estee Lauder stock units does Richard F. Zannino hold after this Form 4?

After these awards, Richard F. Zannino’s filing shows 10,697.76 stock units held indirectly through an LLC and 2,995.13 stock units held directly. Each unit corresponds to a future payout in Class A Common Stock when his service as director concludes.

When will Richard F. Zannino’s Estee Lauder stock units be paid out?

The stock units will be paid out in Class A shares on the first business day of the calendar year following the last date of his service as a director, providing deferred equity compensation rather than immediate share delivery or cash settlement.

How are family LLC holdings treated in Richard F. Zannino’s EL Form 4?

Indirect holdings are reported through a limited liability company owned by family trusts. The filing states Zannino has investment power over Estee Lauder securities held by the LLC, so these positions appear as indirect ownership alongside his directly held stock units.

What does the $90.00 figure mean in Richard F. Zannino’s EL stock unit grant?

The Form 4 lists a transaction price of $90.00 per stock unit for both awards. This serves as a reference value for the grant, but the units themselves are derivative compensation instruments that convert into Class A Common Stock after his board service ends.