Estée Lauder's Michael Bowes receives 2,968 shares

The RSUs generally vest in three approximately equal installments unless otherwise indicated, and pay out one-for-one in Class A shares.

Available on EDGAR 11/03/2026 - 04:03 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

The Estée Lauder Companies Inc. reported that Executive Vice President & CPO Michael Bowes received a payout of 2,968 Class A shares upon RSU vesting on November 2, 2026. Three RSU derivative entries reported dispositions covering 457, 871 and 1,608 underlying Class A shares. The report also records 1,277 shares withheld for tax purposes at $108.30 per share.

Insider Trade Summary

2,936 shares exercised/converted

Exercise 5 txns

Insider Bowes Michael

Role Exec VP & CPO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (Share Payout) F4, F2, F5	457	$0.00	$0.00
Exercise	Restricted Stock Units (Share Payout) F4, F2, F6	871	$0.00	$0.00
Exercise	Restricted Stock Units (Share Payout) F7, F2, F8	1,608	$0.00	$0.00
Exercise	Class A Common Stock F1, F2	2,967.9	$0.00	$0.00
Tax Withholding	Class A Common Stock F3	1,276.9	$108.30	$138K

Holdings After Transaction: Restricted Stock Units (Share Payout) — 4,088 contracts (Direct); Class A Common Stock — 3,443.219 shares (Direct)

Footnotes (8)

1. F1. Payout of shares upon vesting of portions of Restricted Stock Units ("RSUs") granted August 28, 2023; August 27, 2024; and August 28, 2025.
2. F2. Not applicable.
3. F3. Represents the withholding of shares for tax purposes.
4. F4. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares are withheld to cover statutory tax obligations. These RSUs, granted prior to the Reporting Person becoming an Executive Officer, are accompanied by dividend equivalent rights payable in shares at the time of the payout of the related shares.
5. F5. Annual RSUs granted August 28, 2023.
6. F6. Annual RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 871 on November 1, 2027.
7. F7. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares are withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights payable in cash at the time of the payout of the related shares.
8. F8. Annual RSUs granted August 28, 2025. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,608 on November 1, 2027; and 1,609 on November 1, 2028.

Key Figures

Shares paid out upon vesting: 2,968 shares Shares withheld for tax purposes: 1,277 shares Withholding price: $108.30 per share +3 more

6 metrics

Shares paid out upon vesting 2,968 shares Class A common stock; November 2, 2026

Shares withheld for tax purposes 1,277 shares November 2, 2026

Withholding price $108.30 per share November 2, 2026

Underlying shares in RSU derivative disposition 457 shares November 2, 2026

Underlying shares in RSU derivative disposition 871 shares November 2, 2026

Underlying shares in RSU derivative disposition 1,608 shares November 2, 2026

Key Terms

Restricted Stock Units, dividend equivalent rights, statutory tax obligations

3 terms

Restricted Stock Units financial

"payout of shares upon vesting of portions of Restricted Stock Units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalent rights financial

"dividend equivalent rights payable in shares"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

statutory tax obligations financial

"shares are withheld to cover statutory tax obligations"

FAQ

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

How many shares did EL executive Michael Bowes receive?

Michael Bowes received 2,968 Class A shares upon RSU vesting on November 2, 2026.

How many EL shares were withheld for Michael Bowes's taxes?

1,277 shares were withheld for tax purposes at $108.30 per share.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Bowes Michael

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec VP & CPO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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
Class A Common Stock	11/02/2026		M		2,967.9(1)	A	$0(2)	4,720.119	D
Class A Common Stock	11/02/2026		F		1,276.9(3)	D	$108.3	3,443.219	D

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
Restricted Stock Units (Share Payout)(4)	(2)	11/02/2026		M			457	(5)	11/02/2026	Class A Common Stock	457	$0	0	D
Restricted Stock Units (Share Payout)(4)	(2)	11/02/2026		M			871	(6)	11/01/2027	Class A Common Stock	871	$0	871	D
Restricted Stock Units (Share Payout)(7)	(2)	11/02/2026		M			1,608	11/02/2026(8)	11/01/2028	Class A Common Stock	1,608	$0	3,217	D

Explanation of Responses:

1. Payout of shares upon vesting of portions of Restricted Stock Units ("RSUs") granted August 28, 2023; August 27, 2024; and August 28, 2025.

2. Not applicable.

3. Represents the withholding of shares for tax purposes.

4. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares are withheld to cover statutory tax obligations. These RSUs, granted prior to the Reporting Person becoming an Executive Officer, are accompanied by dividend equivalent rights payable in shares at the time of the payout of the related shares.

5. Annual RSUs granted August 28, 2023.

6. Annual RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 871 on November 1, 2027.

7. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares are withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights payable in cash at the time of the payout of the related shares.

8. Annual RSUs granted August 28, 2025. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,608 on November 1, 2027; and 1,609 on November 1, 2028.

Remarks:

	Michael Bowes, by Annalisa Loeffler, attorney-in-fact	11/03/2026
	** 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)