Estée Lauder director adds 2.88 dividend stock units

Estee Lauder director Dana Strong received additional stock units from dividend-equivalent reinvestment, increasing her deferred equity holdings.

Rhea-AI Filing Summary

ESTEE LAUDER COMPANIES INC (EL) director Dana Strong reported an acquisition of 2.88 Stock Units tied to Class A Common Stock on September 15, 2026, representing reinvested dividend equivalents on outstanding stock units. Following this grant/award, Strong holds 795.02 Stock Units directly. These units will be paid out in shares on the first business day of the calendar year after Strong’s service as a director ends. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 2.88 shares

Grant/Award 1 txn

Insider Strong Dana

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units (Share Payout) F1, F2, F3	2.88	$96.25	$277.20

Holdings After Transaction: Stock Units (Share Payout) — 795.02 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: 2.88 Stock Units Price reference per unit: $96.25 per unit Stock Units held after transaction: 795.02 Stock Units +1 more

4 metrics

Stock Units acquired 2.88 Stock Units Grant/award acquisition on September 15, 2026

Price reference per unit $96.25 per unit Reported value for the 2.88 Stock Units acquired

Stock Units held after transaction 795.02 Stock Units Direct holdings of Dana Strong following the acquisition

Underlying security 2.88 shares of Class A Common Stock Underlying shares associated with the 2.88 Stock Units

Key Terms

Stock Units, dividend equivalents, Class A Common Stock, first business day of the calendar year

4 terms

Stock Units financial

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

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.

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.

Class A Common Stock financial

"underlying security title: Class A Common Stock"

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.

first business day of the calendar year financial

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

FAQ

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

What insider transaction did EL director Dana Strong report?

Dana Strong reported an acquisition of 2.88 Stock Units on September 15, 2026, described as a grant or award representing reinvestment of dividend equivalents on outstanding stock units tied to Estee Lauder Class A Common Stock.

How many EL stock units does Dana Strong hold after this transaction?

After the reported transaction, Dana Strong directly holds 795.02 Stock Units. These units are deferred and will be paid out in shares of Class A Common Stock after her service as a director ends, according to the terms disclosed.

What is the nature of the 2.88 Stock Units acquired by the EL director?

The 2.88 Stock Units represent reinvestment of dividend equivalents on outstanding stock units. They are classified as derivative securities with a share payout in Estee Lauder Class A Common Stock at a future settlement date.

When will Dana Strong’s EL stock units be paid out?

The stock units will be paid out in shares of Class A Common Stock on the first business day of the calendar year following the last date of Dana Strong’s service as a director of Estee Lauder.

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

No. The disclosure indicates that no Rule 10b5-1 trading plan is reported in connection with this transaction, so the acquisition is not identified as occurring under such a pre-arranged plan.

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

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Available on EDGAR 09/16/2026 - 04:53 PM Accepted by SEC EDGAR 09/16/2026 - 04:53 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^*

Strong Dana

(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)		2.88		(3)	(3)	Class A Common Stock	2.88	$96.25	795.02	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:

	Dana Strong, 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)