Estée Lauder director sells 103K shares
A director linked to Continental Grain Company reported open-market sales of 103,000 EL Class A shares at weighted average prices near $97–$99.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
ESTEE LAUDER COMPANIES INC (EL) director Paul J. Fribourg reported indirect open-market sales totaling 103,000 shares of Class A Common Stock on September 11 and 14, 2026, through Continental Grain Company. The trades were executed in multiple transactions at weighted average prices around $96.78–$98.79 per share, with detailed price ranges disclosed for each tranche. Mr. Fribourg may be deemed to share voting and investment power over these indirectly held shares through his roles at Continental Grain Company and related family trusts and disclaims beneficial ownership of shares in which he has no pecuniary interest. A separate entry reports 4,000 shares held directly. No Rule 10b5-1 trading plan is reported.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 103,000 shares
Net Sell
5 txns
Insider
FRIBOURG PAUL J
Role
Director
Sold
103,000 shs ($10.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F4, F3 | 14,777 | $97.17 | $1.44M |
| Sale | Class A Common Stock F1, F5, F3 | 27,086 | $98.35 | $2.66M |
| Sale | Class A Common Stock F1, F6, F3 | 16,137 | $98.79 | $1.59M |
| Sale | Class A Common Stock F1, F2, F3 | 45,000 | $96.78 | $4.36M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 417,300 shares (Indirect, Owned by Continental Grain Company);
Class A Common Stock — 4,000 shares (Direct)
Footnotes (6)
- F1. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.
- F2. Sales prices range from $96.41 to $97.19 per share, inclusive.
- F3. The shares are held by Continental Grain Company ("Company"). Mr. Fribourg may be deemed to share voting and investment power with respect to the shares held by the Company by virtue of being Executive Chairman of the Company. In addition, Mr. Fribourg is a co-trustee and in one case, a beneficiary, of various trusts established for the benefit of certain members of Mr. Fribourg's family that collectively control a majority interest in the Company. Mr. Fribourg disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
- F4. Sales prices range from $96.75 to $97.70 per share, inclusive.
- F5. Sales prices range from $97.71 to $98.61 per share, inclusive.
- F6. Sales prices range from $98.62 to $99.05 per share, inclusive.
Key Figures
Total shares sold: 103,000 shares
September 11, 2026 sale: 45,000 shares at $96.78 per share (weighted average)
September 14, 2026 sales (tranche 1): 14,777 shares at $97.17 per share (weighted average)
+3 more
6 metrics
Total shares sold
103,000 shares
Aggregate Class A Common Stock sold indirectly through Continental Grain Company
September 11, 2026 sale
45,000 shares at $96.78 per share (weighted average)
Open-market sale of Class A Common Stock; prices ranged from $96.41 to $97.19
September 14, 2026 sales (tranche 1)
14,777 shares at $97.17 per share (weighted average)
Prices in this tranche ranged from $96.75 to $97.70 per share
September 14, 2026 sales (tranche 2)
27,086 shares at $98.35 per share (weighted average)
Prices in this tranche ranged from $97.71 to $98.61 per share
September 14, 2026 sales (tranche 3)
16,137 shares at $98.79 per share (weighted average)
Prices in this tranche ranged from $98.62 to $99.05 per share
Direct holdings after transactions
4,000 shares
Class A Common Stock reported as directly held by Paul J. Fribourg
Key Terms
weighted average price, open market transactions, voting and investment power, beneficial ownership, +1 more
5 terms
weighted average price financial
"The price reported represents the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market transactions financial
"shares sold in multiple open market transactions over a range of sales prices"
Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.
voting and investment power financial
"may be deemed to share voting and investment power with respect to the shares"
beneficial ownership financial
"Mr. Fribourg disclaims beneficial ownership of any shares in which he does not"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of any shares in which he does not have a pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did EL director Paul J. Fribourg report in this Form 4?
He reported open-market sales of 103,000 Class A shares of Estee Lauder on September 11 and 14, 2026, executed in multiple transactions at weighted average prices around $96.78–$98.79 per share, all held indirectly through Continental Grain Company.
Does Paul J. Fribourg report any direct holdings of EL stock in this Form 4?
Yes. A holding entry dated September 11, 2026 reports 4,000 Class A shares held directly by Mr. Fribourg, separate from the larger indirect holdings through Continental Grain Company.
Were the EL insider sales made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being made under a plan, and there is no footnote indicating that these transactions were executed pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
