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Arturo Nunez (EL) Files Form 4 for Dividend-Reinvested 3,449 Units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Arturo Nunez, a director of The Estée Lauder Companies Inc. (EL), reported a non-derivative acquisition on 09/16/2025 consisting of dividend-reinvested stock units. The filing shows 3,449 Class A common stock units beneficially owned after the transaction and indicates a per-share price reference of $88.52. The filing explains the units represent reinvestment of dividend equivalents on outstanding stock units and states those 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. The Form 4 was signed on 09/17/2025 by an attorney-in-fact for Mr. Nunez.

Positive

  • Clear disclosure of transaction date, nature (dividend-equivalent reinvestment), and post-transaction beneficial ownership of 3,449 units
  • No dispositions reported; the filing documents an acquisition rather than a sale which maintains insider ownership continuity

Negative

  • None.

Insights

TL;DR: Routine director dividend reinvestment recorded; disclosure aligns with standard equity compensation practices.

The Form 4 documents a non-derivative acquisition tied to dividend equivalents being reinvested into stock units for a sitting director. The filing is procedural: it clarifies the source as dividend-equivalent reinvestment and discloses the timing for payout tied to cessation of director service. No sale or external disposition is reported and the ownership post-transaction is explicitly stated as 3,449 units held directly. This is consistent with typical director compensation and does not by itself indicate change in control, dilution events, or material corporate action.

TL;DR: Disclosure is complete for the reported event; transaction details and beneficial ownership are clearly stated.

The Form 4 includes transaction date, nature of the acquisition (dividend reinvestment), number of units held after the transaction, and a monetary figure shown as $88.52. The report is signed by an attorney-in-fact, which is properly identified. For investors and compliance observers, the filing provides the essential facts required under Section 16 without material ambiguity. No derivatives, exercises, or dispositions are reported in this filing.

Insider Nunez Arturo
Role Director
Type Security Shares Price Value
Grant/Award Stock Units (Share Payout) 13.58 $88.52 $1K
Holdings After Transaction: Stock Units (Share Payout) — 3,449 shares (Direct)
Footnotes (1)
  1. Not applicable. Represents reinvestment of dividend equivalents on outstanding stock units. 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.
Form 4 Insider Transactions: What Each Field Means →
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*
Nunez Arturo
(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) 13.58 (3) (3) Class A Common Stock 13.58 $88.52 3,449 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:
Arturo Nunez, 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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Arturo Nunez report on the Form 4 for EL?

The Form 4 reports a non-derivative acquisition on 09/16/2025 representing reinvestment of dividend equivalents into stock units, leaving 3,449 Class A stock units beneficially owned.

How were the reported stock units acquired according to the filing?

The filing states the units represent reinvestment of dividend equivalents on outstanding stock units.

When will the stock units be paid out for Mr. Nunez?

The Form 4 specifies the stock units will be paid out on the first business day of the calendar year following the last date of the reporting person’s service as a director.

How many shares or units did the reporting person own after the transaction?

The report shows 3,449 units beneficially owned following the reported transaction.

Was the Form 4 signed and who signed it?

Yes. The Form 4 was signed on 09/17/2025 by Arturo Nunez via an attorney-in-fact, Spencer G. Smul.