Estée Lauder executive receives 15,752 vested shares

The payout relates to portions of RSUs granted on August 28, 2023, August 27, 2024, and August 28, 2025.

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

Estée Lauder Companies Inc. (EL) executive Hudis Jane Hertzmark, Exec VP & CBO, reported a payout of 15,752 Class A common shares from restricted stock units on November 2, 2026. A transaction also withheld 8,713 shares for tax purposes at a reported $108.30 per share. The RSUs pay out one-for-one in Class A shares at vesting, with shares withheld to cover statutory tax obligations.

Insider Trade Summary

15,752 shares exercised/converted

Exercise 5 txns

Insider Hertzmark Hudis Jane

Role Exec VP & CBO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (Share Payout) F4, F2, F5	2,973	$0.00	$0.00
Exercise	Restricted Stock Units (Share Payout) F4, F2, F6	5,954	$0.00	$0.00
Exercise	Restricted Stock Units (Share Payout) F4, F2, F7	6,825	$0.00	$0.00
Exercise	Class A Common Stock F1, F2	15,752	$0.00	$0.00
Tax Withholding	Class A Common Stock F3	8,713	$108.30	$944K

Holdings After Transaction: Restricted Stock Units (Share Payout) — 19,604 contracts (Direct); Class A Common Stock — 34,424 shares (Direct)

Footnotes (7)

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. RSUs are accompanied by dividend equivalent rights payable in cash at the time of the payout of the related shares.
5. F5. RSUs granted August 28, 2023.
6. F6. RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 5,954 on November 1, 2027.
7. F7. RSUs granted August 28, 2025. Assuming continued employment, these RSUs will vest and be paid out as follows: 6,825 on November 1, 2027; and 6,825 on November 1, 2028.

Key Figures

Class A shares paid out: 15,752 shares Shares withheld for taxes: 8,713 shares Reported price per share: $108.30 per share

3 metrics

Class A shares paid out 15,752 shares RSU payout on November 2, 2026

Shares withheld for taxes 8,713 shares November 2, 2026

Reported price per share $108.30 per share Tax withholding transaction on 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

"RSUs are accompanied by dividend equivalent rights payable in cash"

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 EL shares did Hudis Jane Hertzmark receive?

Hudis Jane Hertzmark received a payout of 15,752 Class A common shares on November 2, 2026, when portions of her restricted stock units vested. The RSUs pay out one-for-one in Class A shares.

How many EL shares were withheld for taxes?

8,713 Class A common shares were withheld for tax purposes on November 2, 2026, at a reported price of $108.30 per share. The footnote identifies the withholding as being for tax purposes.

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

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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^*

Hertzmark Hudis Jane

(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 & CBO

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		15,752(1)	A	$0(2)	43,137	D
Class A Common Stock	11/02/2026		F		8,713(3)	D	$108.3	34,424	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			2,973	(5)	11/02/2026	Class A Common Stock	2,973	$0(2)	0	D
Restricted Stock Units (Share Payout)(4)	(2)	11/02/2026		M			5,954	(6)	11/01/2027	Class A Common Stock	5,954	$0(2)	5,954	D
Restricted Stock Units (Share Payout)(4)	(2)	11/02/2026		M			6,825	(7)	11/01/2028	Class A Common Stock	6,825	$0(2)	13,650	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. RSUs are accompanied by dividend equivalent rights payable in cash at the time of the payout of the related shares.

5. RSUs granted August 28, 2023.

6. RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 5,954 on November 1, 2027.

7. RSUs granted August 28, 2025. Assuming continued employment, these RSUs will vest and be paid out as follows: 6,825 on November 1, 2027; and 6,825 on November 1, 2028.

Remarks:

	Jane Hertzmark Hudis, 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)