[Form 4] ESTEE LAUDER COMPANIES INC Insider Trading Activity

Rhea-AI Filing Summary

Lynn Forester (reported as FORESTER LYNN) filed a Form 4 for The Estée Lauder Companies Inc. (EL) recording dividend-equivalent reinvestments on outstanding stock units dated 09/16/2025. The filing shows two types of stock units acquired: Stock Units (Share Payout) and Stock Units (Cash Payout), with reported unit amounts of 88.17 and 306.98 respectively. The filing lists a price of $88.52 and shows underlying share amounts of 22,387.68 and 77,946.06. The Form 4 explains these entries "represent reinvestment of dividend equivalents on outstanding stock units" and states the stock units will be paid out the first business day of the calendar year following the reporting person’s last date of service as a director. The report is signed on behalf of Lynn Forester de Rothschild by an attorney-in-fact on 09/17/2025.

Insights

Financial Analyst

TL;DR: Routine dividend-equivalent reinvestment reported by a company director; no cash sale or purchase of common stock recorded.

The Form 4 documents reinvested dividend equivalents converted into stock units on 09/16/2025 for a reporting person identified as a director. The filing lists two unit line items with unit counts of 88.17 and 306.98 and an indicated price of $88.52. This is a disclosure of internal compensation/award mechanics rather than an open-market trade; the units are described as payable after the director’s service ends. For investors, this is an informational ownership update without an explicit change in voting shares until payout occurs.

Corporate Governance Expert

TL;DR: Director-level disclosure of dividend-equivalent reinvestment and deferred payout timing; governance disclosure appears complete.

The filing identifies the reporting person as a director and provides the nature of the transactions as reinvestment of dividend equivalents on outstanding stock units, along with the payout timing: first business day of the calendar year following the director’s last service date. The Form 4 is signed by an attorney-in-fact and includes explanatory remarks describing payment mechanics. This satisfies standard Section 16 disclosure requirements for such deferred compensation events.

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
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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^*

FORESTER LYNN

(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)
09/16/2025

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)	09/16/2025		A(2)		88.17		(3)	(3)	Class A Common Stock	88.17	$88.52	22,387.68	D
Stock Units (Cash Payout)	(1)	09/16/2025		A(2)		306.98		(3)	(3)	Class A Common Stock	306.98	$88.52	77,946.06	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:

	Lynn Forester de Rothschild, by Spencer G. Smul, Attorney-in-fact	09/17/2025
	** 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).
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