Estee Lauder (NYSE: EL) director Nunez adds dividend stock units in Form 4

Rhea-AI Filing Summary

Estee Lauder Companies Inc. director Arturo Nunez reported a small insider transaction involving deferred stock units. On 12/15/2025, he acquired 14.66 stock units tied to Class A common stock at $101.03 per share, recorded as reinvestment of dividend equivalents on outstanding stock units.

After this transaction, Nunez beneficially owns 4,246.94 stock units. These units are scheduled to be paid out in shares on the first business day of the calendar year following the last date of his service as a director.

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

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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^*

Nunez Arturo

(Last) (First) (Middle)

C/O THE ESTEE LAUDER COMPANIES INC.

767 FIFTH AVENUE

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units (Share Payout)	(1)	12/15/2025		A(2)		14.66		(3)	(3)	Class A Common Stock	14.66	$101.03	4,246.94	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:

	Arturo Nunez, by Spencer G. Smul, Attorney-in-fact	12/16/2025
	** 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.

FAQ

What insider transaction did Estee Lauder (EL) director Arturo Nunez report?

Director Arturo Nunez reported acquiring 14.66 stock units tied to Estee Lauder Class A common stock on 12/15/2025 at $101.03 per share.

How many Estee Lauder (EL) stock units does Arturo Nunez now hold?

Following the reported transaction, Arturo Nunez beneficially owns 4,246.94 stock units linked to Estee Lauder Class A common stock.

What is the nature of the stock units acquired by Arturo Nunez at Estee Lauder (EL)?

The 14.66 stock units reported for Arturo Nunez represent reinvestment of dividend equivalents on his outstanding stock units, rather than an open-market purchase.

When will Arturo Nunez’s Estee Lauder (EL) stock units be paid out?

The filing states the stock units will be paid out in shares on the first business day of the calendar year following the last date of Arturo Nunez’s service as a director.

What type of security underlies Arturo Nunez’s derivative holdings in Estee Lauder (EL)?

The derivative holdings are stock units (share payout), each linked to Class A common stock of Estee Lauder Companies Inc.

Is the reported Estee Lauder (EL) transaction by Arturo Nunez a purchase or a dividend-related adjustment?

The transaction is described as reinvestment of dividend equivalents on outstanding stock units, not a discretionary open-market share purchase.