Dividend equivalents boost Estee Lauder (EL) director Barry Sternlicht’s stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Estee Lauder Companies director Barry S. Sternlicht reported routine stock-based compensation in the form of additional stock units. On 2026-06-15, he acquired 184.38 Stock Units (Cash Payout) and 72.50 Stock Units (Share Payout), both tied to Class A Common Stock at a reference price of $90.00 per unit.

Footnotes explain these entries represent reinvestment of dividend equivalents on his outstanding stock units rather than open-market purchases. After these credits, he holds 47,597.40 cash-payout stock units and 18,715.84 share-payout stock units, which will be paid out on the first business day of the calendar year following the last date of his service as a director.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider STERNLICHT BARRY S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Units (Share Payout)	72.5	$90.00	$7K
Grant/Award	Stock Units (Cash Payout)	184.38	$90.00	$17K

Holdings After Transaction: Stock Units (Share Payout) — 18,715.84 shares (Direct, null); Stock Units (Cash Payout) — 47,597.4 shares (Direct, null)

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.

Key Figures

Stock Units (Cash Payout) granted: 184.38 units Stock Units (Share Payout) granted: 72.50 units Reference price per unit: $90.00 per unit +2 more

5 metrics

Stock Units (Cash Payout) granted 184.38 units Grant on 2026-06-15 via dividend equivalent reinvestment

Stock Units (Share Payout) granted 72.50 units Grant on 2026-06-15 via dividend equivalent reinvestment

Reference price per unit $90.00 per unit Applied to both cash- and share-payout stock units

Cash-payout stock units after grant 47,597.40 units Total Stock Units (Cash Payout) following 2026-06-15 transaction

Share-payout stock units after grant 18,715.84 units Total Stock Units (Share Payout) following 2026-06-15 transaction

Key Terms

Stock Units (Cash Payout), Stock Units (Share Payout), dividend equivalents, Class A Common Stock, +1 more

5 terms

Stock Units (Cash Payout) financial

"Security title is listed as "Stock Units (Cash Payout)" for one transaction."

dividend equivalents financial

"Footnote states these represent 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 for the stock units is 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.

deferred compensation financial

"Units are paid after the last date of the Reporting Person's service as a director."

Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/16/2026 - 04:34 PM Accepted by SEC EDGAR 06/16/2026 - 04:33 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^*

STERNLICHT BARRY S

(Last)

(First)

(Middle)

STARWOOD CAPITAL GROUP

591 W. PUTNAM AVE.

(Street)

GREENWICH

CONNECTICUT

06830

(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⁾		72.5		⁽³⁾	⁽³⁾	Class A Common Stock	72.5	$90	18,715.84	D
Stock Units (Cash Payout)	⁽¹⁾	06/15/2026		A⁽²⁾		184.38		⁽³⁾	⁽³⁾	Class A Common Stock	184.38	$90	47,597.4	D

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.

Remarks:

	Barry S. Sternlicht, 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 Barry S. Sternlicht report at Estee Lauder (EL)?

Barry S. Sternlicht reported acquiring additional stock units as compensation, not buying shares in the market. The Form 4 shows new stock units credited to him through dividend equivalent reinvestment on existing awards, increasing his deferred stock-based holdings tied to Class A Common Stock.

How many Estee Lauder (EL) stock units did Sternlicht receive in this Form 4?

He received 184.38 Stock Units (Cash Payout) and 72.50 Stock Units (Share Payout). These units are linked to Estee Lauder Class A Common Stock and reflect reinvested dividend equivalents on outstanding stock units rather than fresh, discretionary market purchases of common shares.

What are Sternlicht’s stock unit balances at Estee Lauder (EL) after this filing?

Following the transactions, Sternlicht holds 47,597.40 Stock Units (Cash Payout) and 18,715.84 Stock Units (Share Payout). These balances represent deferred compensation tied to Class A Common Stock and will eventually be settled in cash or shares according to their respective payout terms.

Are Sternlicht’s Estee Lauder (EL) stock unit awards open-market buys or compensation?

The reported transactions are compensation-related, not open-market buys. Footnotes state they represent reinvestment of dividend equivalents on outstanding stock units, credited as additional units under director compensation arrangements, with no indication of discretionary trading in the public market.

When will Barry S. Sternlicht’s Estee Lauder (EL) stock units be paid out?

The filing states the stock units will be paid out on the first business day of the calendar year following the last date of Sternlicht’s service as a director. This means payout timing depends on when his board service ultimately ends, following the plan’s deferred compensation terms.

What price reference is used for Sternlicht’s new Estee Lauder (EL) stock units?

The newly credited stock units use a reference price of $90.00 per unit. This price is applied to 184.38 cash-payout units and 72.50 share-payout units, reflecting the value basis of the dividend equivalent reinvestments tied to the company’s Class A Common Stock compensation program.