Estée Lauder director granted 16 stock units

Director Jennifer Hyman received a small dividend-equivalent stock unit award, slightly increasing her deferred equity-linked position in EL.

Rhea-AI Filing Summary

ESTEE LAUDER COMPANIES INC (EL) reported that director Jennifer Hyman acquired 16.03 stock units on September 15, 2026 as a grant or award representing reinvested dividend equivalents, at a reference value of $96.25 per unit. Following this award, she holds 4,426.54 stock units directly, each payable in Class A Common Stock on the first business day of the calendar year after her board service ends. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 16.03 shares

Grant/Award 1 txn

Insider Hyman Jennifer

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units (Share Payout) F1, F2, F3	16.03	$96.25	$2K

Holdings After Transaction: Stock Units (Share Payout) — 4,426.54 contracts (Direct)

Footnotes (3)

1. F1. Not applicable.
2. F2. Represents reinvestment of dividend equivalents on outstanding stock units.
3. F3. 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.

Key Figures

Stock units acquired: 16.03 units Reference value per stock unit: $96.25 per unit Stock units held after transaction: 4,426.54 units +1 more

4 metrics

Stock units acquired 16.03 units Grant or award representing reinvested dividend equivalents on September 15, 2026

Reference value per stock unit $96.25 per unit Dividend-equivalent stock unit award to director Jennifer Hyman

Stock units held after transaction 4,426.54 units Direct holdings of stock units by Jennifer Hyman following the award

Transaction date September 15, 2026 Date of the dividend-equivalent stock unit award

Key Terms

dividend equivalents, stock units

2 terms

dividend equivalents financial

"Represents reinvestment of dividend equivalents on outstanding stock units."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

stock units financial

"The stock units will be paid out the first business day of the calendar year"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did EL director Jennifer Hyman report?

Director Jennifer Hyman acquired 16.03 stock units of ESTEE LAUDER COMPANIES INC on September 15, 2026 as a grant or award representing reinvested dividend equivalents.

How many EL stock units does Jennifer Hyman hold after this Form 4 transaction?

After the reported transaction, Jennifer Hyman directly holds 4,426.54 stock units linked to ESTEE LAUDER COMPANIES INC Class A Common Stock.

What was the reference value per stock unit in Jennifer Hyman’s EL award?

The reported reference value for the dividend-equivalent stock unit award was $96.25 per unit for the 16.03 stock units acquired on September 15, 2026.

When will Jennifer Hyman’s EL stock units be paid out?

The stock units will be paid out on the first business day of the calendar year following the last date of Jennifer Hyman’s service as a director of ESTEE LAUDER COMPANIES INC.

Was Jennifer Hyman’s EL stock unit transaction under a Rule 10b5-1 plan?

No, the filing indicates that no Rule 10b5-1 trading plan applies to this stock unit transaction by director Jennifer Hyman.

What is the nature of the EL stock units acquired by Jennifer Hyman?

The 16.03 stock units represent reinvestment of dividend equivalents on Jennifer Hyman’s outstanding stock units and are payable in Class A Common Stock when distributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 04:47 PM Accepted by SEC EDGAR 09/16/2026 - 04:46 PM Learn about SEC filing dates

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^*

Hyman Jennifer

(Last) (First) (Middle)

C/O THE ESTEE LAUDER 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)
09/15/2026

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 (Share Payout)	(1)	09/15/2026		A(2)		16.03		(3)	(3)	Class A Common Stock	16.03	$96.25	4,426.54	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:

	Jennifer Hyman, by Robin Cohen, Attorney-in-fact	09/16/2026
	** 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)