Estee Lauder Companies (NYSE: EL) reports director cash-settled unit grant

Rhea-AI Filing Summary

FRIBOURG PAUL J reported acquisition or exercise transactions in this Form 4 filing.

Estee Lauder Companies Inc. director Paul J. Fribourg received a grant of 409.73 Stock Units (Cash Payout) on 2026-07-21 as compensation in lieu of cash for quarterly board and committee retainers. Each unit is linked 1:1 to the value of a share of Class A Common Stock and will be paid in cash after his service as director ends. Following this grant, he holds 42,060.13 such stock units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider FRIBOURG PAUL J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units (Cash Payout) F1, F2, F3	409.73	$82.37	$34K

Holdings After Transaction: Stock Units (Cash Payout) — 42,060.13 shares (Direct)

Footnotes (3)

1. F1. Each stock unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock (i.e. 1:1).
2. F2. Represents grant of Stock Units in lieu of cash for quarterly board, committee chair, and committee member retainers.
3. F3. The Stock Units (cash payout) 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 granted: 409.7300 units Grant value per unit: $82.3700 per unit Conversion ratio: 1:1 +1 more

4 metrics

Stock units granted 409.7300 units Grant of Stock Units (Cash Payout) to director on 2026-07-21

Grant value per unit $82.3700 per unit Valuation per Stock Unit (Cash Payout) referenced in the award

Conversion ratio 1:1 Each stock unit equals the cash value of one share of Class A Common Stock

Units after transaction 42060.1300 units Director’s holdings of Stock Units (Cash Payout) following the grant

Key Terms

Stock Units (Cash Payout), Class A Common Stock, quarterly board, committee chair, and committee member retainers, Reporting Person

4 terms

Stock Units (Cash Payout) financial

"Each stock unit (cash payout) is convertible into cash equal to the value"

Class A Common Stock financial

"equal to the value of one share of Class A Common Stock (i.e. 1:1)"

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.

quarterly board, committee chair, and committee member retainers financial

"Represents grant of Stock Units in lieu of cash for quarterly board, committee chair"

Reporting Person regulatory

"following the last date of the Reporting Person's service as a director"

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Available on EDGAR 07/22/2026 - 04:23 PM Accepted by SEC EDGAR 07/22/2026 - 04:23 PM Learn about SEC filing dates

FAQ

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

Estee Lauder reported that director Paul J. Fribourg received a grant of 409.73 Stock Units (Cash Payout) as compensation in lieu of cash for quarterly board and committee retainers, increasing his direct stock unit holdings.

How many stock units did the Estee Lauder (EL) director receive and at what value?

Paul J. Fribourg received 409.73 Stock Units (Cash Payout), with each unit valued at $82.37. The units are cash-settled and their value is tied 1:1 to the price of a share of Class A Common Stock.

Did the Estee Lauder (EL) director buy shares on the open market?

No. The filing shows a grant of Stock Units (Cash Payout) as compensation, not an open-market share purchase. These units are awarded in lieu of cash board and committee retainers and settle in cash based on Class A share value.

What are Stock Units (Cash Payout) reported by Estee Lauder (EL)?

Each Stock Unit (Cash Payout) is convertible into cash equal to the value of one share of Class A Common Stock, on a 1:1 basis. They are compensation instruments that track share value but are settled in cash, not stock.

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

The Stock Units (Cash Payout) will be paid in cash on the first business day of the calendar year following the last date of Paul J. Fribourg’s service as a director of Estee Lauder Companies Inc.

What is Paul J. Fribourg’s total holding of Estee Lauder (EL) stock units after this grant?

After the reported grant, Paul J. Fribourg directly holds 42,060.13 Stock Units (Cash Payout). Each unit’s cash value is based on one share of Class A Common Stock, making this a sizable cash-settled compensation position.

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^*

FRIBOURG PAUL J

(Last) (First) (Middle)

C/O CONTIGROUP COMPANIES, INC.

767 FIFTH AVENUE

(Street)

NEW YORK NEW YORK 10153

(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)
07/21/2026

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)
			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 (Cash Payout)	(1)	07/21/2026		A(2)		409.73		(3)	(3)	Class A Common Stock	409.73	$82.37	42,060.13	D

Explanation of Responses:

1. Each stock unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock (i.e. 1:1).

2. Represents grant of Stock Units in lieu of cash for quarterly board, committee chair, and committee member retainers.

3. The Stock Units (cash payout) 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 Robin Cohen, Attorney-in-fact	07/22/2026
	** 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)