Estee Lauder Companies (NYSE: EL) director reports new stock unit awards

Rhea-AI Filing Summary

Estee Lauder Companies Inc. director Paul J. Fribourg reported acquiring additional derivative stock units tied to Class A Common Stock. On 12/15/2025, he acquired 49.79 "Stock Units (Share Payout)" at a price of $101.03 per unit, bringing his beneficial holdings of this type to 14,422.03 units held directly.

On the same date, he also acquired 140.16 "Stock Units (Cash Payout)" at $101.03 per unit, increasing his holdings of that type to 40,599.04 units held directly. The filing explains that these acquisitions represent reinvestment of dividend equivalents on outstanding stock units, and that the stock units will be paid out 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

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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^*

FRIBOURG PAUL J

(Last) (First) (Middle)

C/O CONTIGROUP 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)		49.79		(3)	(3)	Class A Common Stock	49.79	$101.03	14,422.03	D
Stock Units (Cash Payout)	(1)	12/15/2025		A(2)		140.16		(3)	(3)	Class A Common Stock	140.16	$101.03	40,599.04	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:

	Paul J. Fribourg, 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.
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FAQ

What insider transaction did Estee Lauder (EL) director Paul J. Fribourg report?

Director Paul J. Fribourg reported acquiring derivative stock units tied to Estee Lauder Class A Common Stock. On 12/15/2025, he acquired 49.79 Stock Units (Share Payout) and 140.16 Stock Units (Cash Payout) through reinvestment of dividend equivalents.

When did the latest Estee Lauder (EL) director stock unit transaction occur?

The filing lists a transaction date of 12/15/2025 as the earliest transaction date for director Paul J. Fribourg’s reported stock unit acquisitions.

How many Estee Lauder stock units does Paul J. Fribourg beneficially own after this Form 4?

After the reported transactions, Paul J. Fribourg beneficially owns 14,422.03 "Stock Units (Share Payout)" and 40,599.04 "Stock Units (Cash Payout)", all held directly, according to the filing.

What does the Estee Lauder (EL) Form 4 say about dividend equivalent reinvestment?

The explanatory note states that the reported acquisitions represent reinvestment of dividend equivalents on outstanding stock units, rather than open-market purchases.

When will Paul J. Fribourg’s Estee Lauder stock units be paid out?

The filing explains that the stock units will be paid out on the first business day of the calendar year following the last date of Paul J. Fribourg’s service as a director of the company.

Are Paul J. Fribourg’s reported Estee Lauder stock units held directly or indirectly?

For both the Stock Units (Share Payout) and Stock Units (Cash Payout), the ownership form is listed as Direct (D) in the filing.