Estee Lauder (NYSE: EL) director adds deferred stock units via dividends

Rhea-AI Filing Summary

Estee Lauder Companies Inc. director Arturo Nunez reported a compensation-related transaction involving stock units tied to the company’s Class A Common Stock. On March 16, 2026, he acquired 16.690 stock units through reinvestment of dividend equivalents at a reference price of $88.76 per unit.

Following this transaction, his direct holdings in these stock units increased to 4,263.630. The stock units are designed to be paid out in shares on the first business day of the calendar year after his service as a director ends, highlighting this as a deferred equity compensation and dividend reinvestment event rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nunez Arturo

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units (Share Payout)	16.69	$88.76	$1K

Holdings After Transaction: Stock Units (Share Payout) — 4,263.63 shares (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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/17/2026 - 04:41 PM Learn about SEC filing dates

FAQ

What insider transaction did Estee Lauder (EL) director Arturo Nunez report?

Director Arturo Nunez reported acquiring 16.690 stock units linked to Estee Lauder Class A Common Stock. The acquisition resulted from reinvested dividend equivalents and increased his direct stock unit holdings to 4,263.630, reflecting deferred equity compensation rather than an open-market stock purchase.

How many Estee Lauder (EL) stock units does Arturo Nunez hold after this Form 4 filing?

After the reported transaction, Arturo Nunez directly holds 4,263.630 stock units. This total includes the newly credited 16.690 units from reinvested dividend equivalents, all tied to future payout in Class A Common Stock when his board service concludes.

What is the nature of the stock units reported by Estee Lauder (EL) director Arturo Nunez?

The stock units are a form of deferred equity compensation that pays out in Class A Common Stock. They are credited through events like dividend equivalent reinvestments and will be settled in shares after Arturo Nunez’s service as an Estee Lauder director ends.

Was Arturo Nunez’s Estee Lauder (EL) transaction an open-market stock purchase or sale?

No, the transaction was not an open-market buy or sell. It reflects an A-code acquisition, specifically reinvestment of dividend equivalents into stock units, categorized as a grant or award rather than a discretionary market trade in Estee Lauder shares.

When will Estee Lauder (EL) director Arturo Nunez’s stock units be paid out?

The stock units will be paid out in shares on the first business day of the calendar year following the last date of Arturo Nunez’s service as a director, making this a long-term, deferred equity arrangement aligned with his board tenure.

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)
03/16/2026

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)	03/16/2026		A(2)		16.69		(3)	(3)	Class A Common Stock	16.69	$88.76	4,263.63	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 Robin Cohen, Attorney-in-fact	03/17/2026
	** 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.