Estee Lauder (EL) director reports dividend-based stock unit award

Rhea-AI Filing Summary

Estee Lauder Companies Inc. director Annabelle Yu Long reported a small acquisition of derivative stock units linked to the company’s Class A common stock. On 12/15/2025, she received 2.71 stock units at a reference price of $101.03 per share, bringing her total derivative holdings to 785.99 stock units held directly.

According to the filing, this acquisition represents the reinvestment of dividend equivalents on her outstanding stock units. The stock units are designed to be paid out in shares on the first business day of the calendar year following the last date of her service as a director, tying the value of this award to both the company’s share price and the duration of her board service.

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^*

Long Annabelle Yu

(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)		2.71		(3)	(3)	Class A Common Stock	2.71	$101.03	785.99	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:

	Annabelle Yu Long, 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) report for 12/15/2025?

The company reported that director Annabelle Yu Long acquired 2.71 stock units linked to Class A common stock on 12/15/2025. These units were credited at a reference price of $101.03 per share.

How many Estee Lauder (EL) stock units does the director hold after this transaction?

Following the 12/15/2025 transaction, Annabelle Yu Long beneficially owns 785.99 stock units as derivative securities, held in direct ownership.

What is the nature of the stock units reported by Estee Lauder (EL) director Annabelle Yu Long?

The reported derivative holdings are stock units (share payout) that track the value of Estee Lauder Class A common stock. They are a form of deferred equity-based compensation.

Why did Annabelle Yu Long receive 2.71 Estee Lauder (EL) stock units?

The filing states that the 2.71 stock units represent the reinvestment of dividend equivalents on her outstanding stock units, meaning cash dividends were converted into additional units.

When will the Estee Lauder (EL) stock units for the director be paid out?

The stock units are scheduled to be paid out on the first business day of the calendar year following the last date of Annabelle Yu Long’s service as a director of the company.

Is the reported Estee Lauder (EL) insider transaction a direct or indirect holding?

The derivative securities, including the 2.71 newly credited stock units and the total of 785.99 units, are reported as held in direct ownership by Annabelle Yu Long.