Every Form 4 that The Estee Lauder Companies Inc. (EL) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow EL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EL filings page.
Estee Lauder Companies director Paul J. Fribourg reported routine compensation-related awards rather than open-market trading. He acquired 56.670 stock units with share payout and 161.310 stock units with cash payout, each linked to Class A Common Stock at a reference price of $88.76 per unit.
Footnotes state these units represent reinvestment of dividend equivalents on his outstanding stock units, so they accrue automatically as dividends are paid. The stock units will be paid out on the first business day of the calendar year following the last date of his service as a director.
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.
Estee Lauder Companies director Jane Lauder reported a small stock-based compensation adjustment. On the reported date, she acquired 3.09 stock units tied to Class A Common Stock through the reinvestment of dividend equivalents on outstanding stock units.
Following this award, her balance in these stock units increased to 789.08 units, held directly. These stock units are scheduled to be paid out in shares on the first business day of the calendar year after her service as a director ends.
Estee Lauder Companies Inc. director Gary M. Lauder reported a routine compensation-related transaction. He acquired 17.270 Stock Units as dividend equivalents at a reference price of $88.76 per unit, bringing his direct stock unit balance to 4,411.240 units.
The filing notes these stock units are tied to the company’s Class A Common Stock and will be paid in shares on the first business day of the calendar year following the last date of his service as a director. This reflects automatic reinvestment of dividends rather than an open-market trade.
ESTEE LAUDER COMPANIES INC director Jennifer Hyman acquired 17.2 stock units through dividend-equivalent reinvestment. These stock units relate to Class A Common Stock at a reference price of $88.76 per unit, increasing her direct holdings to 4,393.39 stock units. The units will be paid out in shares on the first business day of the calendar year following her last date of service as a director.
BARSHEFSKY CHARLENE reported acquisition or exercise transactions in this Form 4 filing.
ESTEE LAUDER COMPANIES INC director Charlene Barshefsky received 92.31 stock units through a grant linked to dividend reinvestment. These stock units correspond to 92.31 shares of Class A Common Stock at a reference price of $88.76 per share.
The units represent reinvested dividend equivalents on her outstanding stock units and are payable in shares on the first business day of the calendar year after her service as a director ends. Following this award, she holds 23,583.22 stock units directly.
ESTEE LAUDER COMPANIES INC director Richard F. Zannino acquired additional stock units as part of his board compensation. On March 16, 2026, he received 11.6800 stock units with a share payout in his direct account and 41.7100 stock units through an LLC owned by family trusts. Footnotes state these amounts represent reinvestment of dividend equivalents on outstanding stock units, rather than open-market purchases. The stock units are tied to Class A Common Stock and will be paid out in shares on the first business day of the calendar year following his last day of service as a director.
ESTEE LAUDER COMPANIES INC director Jennifer Tejada acquired 17.2 stock units through a compensation-related award. The stock units represent a reinvestment of dividend equivalents on her outstanding stock units and correspond to 17.2 shares of Class A Common Stock.
After this transaction, Tejada holds a total of 4,393.39 stock units directly. These 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 her service as a director.
Strong Dana reported acquisition or exercise transactions in this Form 4 filing.
Estee Lauder Companies director Dana Strong received 3.09 stock units as a grant tied to dividend reinvestment. These stock units represent dividend equivalents on existing stock unit holdings and increase Strong’s stock unit balance to 789.08 units.
The stock units are designed for long-term retention and 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 Strong’s service as a director.
FRIBOURG PAUL J reported acquisition or exercise transactions in this Form 4 filing.
Estee Lauder Companies Inc. director Paul J. Fribourg reported receiving a grant of 308.3 Stock Units (cash payout) on February 27, 2026. Each unit is tied 1:1 to the value of one share of Class A common stock and is awarded in lieu of cash retainers for board and committee service. These stock units will be paid in cash on the first business day of the calendar year after his board service ends, and his direct holdings in these units total 40,907.34 following the grant.
STERNLICHT BARRY S reported acquisition or exercise transactions in this Form 4 filing.
Estee Lauder Companies director Barry S. Sternlicht received an equity-linked compensation grant. On February 27, 2026, he was awarded 246.64 Stock Units (cash payout) at a reference value of $109.47 per unit, reported as a derivative security.
Each stock unit is tied 1:1 to the value of one share of Class A Common Stock but will be settled in cash, not stock. The grant represents quarterly board and committee retainers taken in stock units instead of cash, and will be paid on the first business day of the calendar year after his board service ends. Following this award, Sternlicht directly holds 46,891.8 stock units.
Zinterhofer Eric Louis reported acquisition or exercise transactions in this Form 4 filing.
Estee Lauder Companies director Eric Louis Zinterhofer received a grant of 246.64 stock units (cash payout) as board compensation. Each stock unit is tied to the value of one share of Class A Common Stock at $109.47 per unit and is awarded in lieu of cash retainers for quarterly board and committee service. These stock units will be paid in cash on the first business day of the calendar year after his service as a director ends, bringing his total stock units to 1,634.78 following this grant.
Estee Lauder Companies President and CEO Stephane de la Faverie reported equity compensation activity tied to Restricted Stock Units (RSUs). On the vesting date, 5,787 RSUs were converted into an equal number of Class A Common Stock shares at a stated price of $0.00 per share, reflecting a share-payout from previously granted awards.
Of the shares delivered, 2,333 Class A shares were withheld at $109.01 per share to satisfy tax obligations, a disposition classified as a tax-withholding transaction rather than an open-market sale. Following these transactions, his directly held Class A Common Stock position was reported as 18,630.148 shares, and 11,574 RSUs remained outstanding. Footnotes state that these RSUs vest on a one-to-one basis into Class A shares and are generally paid in installments, with associated cash dividend equivalents.
Estee Lauder Companies Executive VP & CFO Akhil Shrivastava reported equity award activity involving restricted stock units (RSUs) and Class A Common Stock. On February 27, 2026, RSUs granted on February 26, 2024 paid out in 5,265.1453 shares of Class A Common Stock, including dividend reinvestment shares, through an exercise or conversion of derivative securities.
On the same date, 1,912.1453 shares of Class A Common Stock were disposed of at $109.01 per share to cover tax withholding obligations, as described in the filing. After these transactions, direct holdings reported in Class A Common Stock increased, and the RSUs are structured to vest generally in three approximately equal installments, with an additional 5,172 RSUs scheduled to vest and be paid out on February 26, 2027, assuming continued employment.
Lammers Hendrik Rene reported acquisition or exercise transactions in this Form 4 filing.
Estee Lauder Companies reported that executive officer Hendrik Rene Lammers received new equity awards. On February 26, 2026, he was granted options for 28,156 shares at no cost as a grant. According to the plan terms, 9,385 options become exercisable from and after February 26, 2027, 9,385 from and after February 28, 2028, and 9,386 from and after February 28, 2029.
He was also granted 7,507 Restricted Stock Units (RSUs) that vest and pay out in Class A shares on a one-to-one basis, generally in three installments, with shares withheld at payout to cover statutory taxes and accompanied by dividend equivalent rights payable in cash. A further 13,405 non-annual RSUs granted on February 26, 2026 will, assuming continued employment, vest and pay out as 2,502 and 4,468 RSUs on February 26, 2027, 2,502 and 4,468 on February 28, 2028, and 2,503 and 4,469 on February 28, 2029.
Estee Lauder Companies Inc. director Paul J. Fribourg reported acquiring additional derivative stock units tied to Class A Common Stock. On 12/15/2025, he acquired 49.79 "Stock Units (Share Payout)" at a price of $101.03 per unit, bringing his beneficial holdings of this type to 14,422.03 units held directly.
On the same date, he also acquired 140.16 "Stock Units (Cash Payout)" at $101.03 per unit, increasing his holdings of that type to 40,599.04 units held directly. The filing explains that these acquisitions represent reinvestment of dividend equivalents on outstanding stock units, and that the stock units will be paid out on the first business day of the calendar year following the last date of his service as a director.
Estee Lauder Companies director Charlene Barshefsky reported an acquisition of 81.1 stock units linked to Class A Common Stock on 12/15/2025. These derivative securities were credited through the reinvestment of dividend equivalents on outstanding stock units at a price of $101.03 per unit. Following this transaction, she beneficially owns 23,490.91 stock units, held directly. According to the terms described, the stock units will be paid out in shares of Class A Common Stock on the first business day of the calendar year after her service as a director ends.
Estee Lauder Companies director Barry S. Sternlicht reported acquiring additional derivative stock units tied to the company’s Class A common stock. On 12/15/2025, he acquired 64.11 stock units (share payout) and 161.03 stock units (cash payout), both reflecting reinvestment of dividend equivalents on his outstanding stock units at an underlying share price of $101.03.
Following these transactions, Sternlicht beneficially owned 18,570.12 stock units (share payout) and 46,645.16 stock units (cash payout), all held directly. The stock units are scheduled to be paid out on the first business day of the calendar year after he ceases serving as a director.
The Estee Lauder Companies Inc. director Dana Strong reported acquiring 2.71 stock units linked to Class A Common Stock on December 15, 2025. The transaction is coded as an acquisition of derivative securities and reflects reinvestment of dividend equivalents on outstanding stock units at an underlying stock price of $101.03 per share.
Following this dividend-equivalent reinvestment, Strong beneficially owns 785.99 stock units, held directly. These stock units are designed to be paid in shares on the first business day of the calendar year following the last date of Strong’s service as a director of the company, aligning payout timing with the end of board service.
Estee Lauder Companies director Jennifer Hyman reported a routine update to her deferred stock-based compensation. On December 15, 2025, 15.11 stock units were credited to her account through the reinvestment of dividend equivalents on her outstanding stock units at a price of $101.03 per unit.
After this transaction, she beneficially owns 4,376.19 stock units, each linked to shares of Class A Common Stock. These stock units will be paid out on the first business day of the calendar year following the last date of her service as a director.
Estee Lauder Companies director and 10% owner Gary M. Lauder reported acquiring 15.17 stock units on 12/15/2025. The acquisition reflects reinvestment of dividend equivalents on his outstanding stock units. These derivative securities are stock units with share payout tied to Estee Lauder Class A Common Stock. Following the transaction, he directly owns 4,393.97 stock units. The stock units will be paid in shares of Class A Common Stock on the first business day of the calendar year following the last date of his service as a director.
Estee Lauder Companies director Jennifer Tejada reported an acquisition of additional stock-based units. On 12/15/2025 she received 15.11 stock units through reinvestment of dividend equivalents on her outstanding stock units.
The stock units are derivative securities linked to Estee Lauder Class A Common Stock and carried a reported transaction price of $101.03 per unit. They will be paid out on the first business day of the calendar year following the last date of her service as a director. After this transaction she directly holds 4,376.19 stock units.
Estee Lauder Companies Inc. director Arturo Nunez reported a small insider transaction involving deferred stock units. On 12/15/2025, he acquired 14.66 stock units tied to Class A common stock at $101.03 per share, recorded as reinvestment of dividend equivalents on outstanding stock units.
After this transaction, Nunez beneficially owns 4,246.94 stock units. These units are scheduled to be paid out in shares on the first business day of the calendar year following the last date of his service as a director.
Estee Lauder Companies Inc. director Annabelle Yu Long reported a small acquisition of derivative stock units linked to the company’s Class A common stock. On 12/15/2025, she received 2.71 stock units at a reference price of $101.03 per share, bringing her total derivative holdings to 785.99 stock units held directly.
According to the filing, this acquisition represents the reinvestment of dividend equivalents on her outstanding stock units. The stock units are designed to be paid out in shares on the first business day of the calendar year following the last date of her service as a director, tying the value of this award to both the company’s share price and the duration of her board service.
Estee Lauder Companies Inc. director Richard F. Zannino reported routine equity compensation activity tied to his board service. On 12/15/2025 he acquired 10.26 and 36.65 stock units, described as Stock Units (Share Payout), through reinvestment of dividend equivalents on outstanding stock units linked to the company’s Class A Common Stock.
Following these transactions he beneficially owns 2,971.83 stock units directly and 10,614.48 stock units indirectly through a limited liability company owned by trusts for the benefit of his family, over which he has investment power. The stock units are scheduled to be paid out in shares on the first business day of the calendar year after his service as a director ends.
Estee Lauder Companies director Eric Louis Zinterhofer reported acquiring additional derivative stock units on 12/15/2025 through reinvestment of dividend equivalents on his outstanding stock units. The transactions added 9.64 stock units designated for share payout and 4.79 stock units designated for cash payout, each tied to Class A Common Stock at a reference price of $101.03 per unit.
Following these transactions, he beneficially owned 2,792.92 stock units with share payout and 1,388.14 stock units with cash payout, all held directly. The stock units will be paid out on the first business day of the calendar year following the last date of his service as a director.
Estee Lauder Companies Inc. director and 10% owner Jane Lauder reported an insider transaction involving derivative securities. On December 15, 2025, she acquired 2.71 stock units (share payout) linked to Class A Common Stock, recorded as an acquisition and tied to a reference price of $101.03 per unit. The filing notes this represents the reinvestment of dividend equivalents on her outstanding stock units.
After this transaction, Jane Lauder directly beneficially owns 785.99 stock units. According to the terms disclosed, these 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 her service as a director of the company.
Estee Lauder Companies director and 10% owner William P. Lauder reported a small increase in his deferred stock-based holdings. On 12/15/2025 he acquired 2.71 stock units tied to Class A Common Stock through reinvestment of dividend equivalents on his existing stock units at a reference price of $101.03 per unit. After this routine transaction, he directly holds 785.99 of these derivative stock units, which will be paid out in shares on the first business day of the calendar year following the last date of his service as a director.
Estee Lauder Companies Inc. director and 10% owner Jane Lauder reported an option exercise and share sale involving the company’s Class A Common Stock. On 11/26/2025, she exercised a stock option to acquire 17,840 shares at an exercise price of $89.47 per share and then sold 17,840 shares in open market transactions, reported as a weighted average sale price of $94.38 per share, with individual sale prices ranging from $94.35 to $94.52. Following these transactions, she held 58,763 Class A shares directly and 0 derivative securities from the reported option grant, which was originally issued under the Amended and Restated Fiscal 2002 Share Incentive Plan and scheduled to expire on 12/31/2025.
Estee Lauder Companies Inc. reported an insider stock sale by an executive. Executive Vice President and General Counsel Rashida La Lande filed a Form 4 disclosing the sale of 1,604 shares of Class A Common Stock on 11/26/2025 at a price of $94.45 per share, in a transaction coded "S," which indicates a sale.
Following this transaction, the filing shows that she beneficially owns 0 shares of Estee Lauder common stock. The form is filed as a single-reporting-person filing and is signed by an attorney-in-fact on her behalf.
Estee Lauder Companies Inc. executive reports stock sale
An executive officer of Estee Lauder Companies Inc. (EL), serving as Executive Vice President of Global Communications and Public Affairs, reported a sale of 5,430 shares of Class A common stock on 11/18/2025. The shares were sold at a price of $87.84 per share in an open-market transaction.
Following this transaction, the reporting person shows 0 shares beneficially owned in this Form 4 filing, with the holding reported as directly owned. No derivative securities transactions were reported.
Estee Lauder Companies (EL) reported a Form 4 for director Jennifer Tejada reflecting equity grants on 11/13/2025. She received 2,780 stock options with an exercise price of $89.92, first exercisable on 11/13/2026 and expiring on 11/13/2035. Following this grant, she held 2,780 options directly.
The filing also shows an award of 783.28 stock units, each convertible into one share of Class A Common Stock. Per the plan, these stock units will be paid out on the first business day of the calendar year after her last date of service as a director. After this transaction, she directly held 4,361.08 stock units. The awards were granted under the company’s Amended and Restated Non‑Employee Director Share Incentive Plan.
Estée Lauder (EL) director Richard F. Zannino reported equity awards on 11/13/2025. He received 2,780 stock options at an exercise price of $89.92, exercisable starting 11/13/2026 and expiring 11/13/2035, granted under the Non‑Employee Director Share Incentive Plan. He also acquired 783.28 stock units, each convertible into one share of Class A Common Stock, with payout on the first business day of the calendar year after his board service ends. Following these transactions, he reports 2,780 options (D), 2,961.57 stock units (D), and 10,577.83 stock units (I) via an LLC.
Estee Lauder Companies (EL) reported an insider equity grant. Director Jennifer Hyman received a stock option award for 2,780 shares at an exercise price of $89.92 on 11/13/2025, which becomes exercisable on 11/13/2026 and expires on 11/13/2035. The grant was made under the company’s Amended and Restated Non-Employee Director Share Incentive Plan.
She also acquired 783.28 stock units, each convertible into one share of Class A Common Stock, with payout on the first business day of the calendar year following her last date of board service. Following these transactions, she beneficially owned 2,780 options and 4,361.08 stock units, reported as direct ownership.
The Estée Lauder Companies (EL) reported insider equity grants. Director and 10% owner William P. Lauder filed a Form 4 for awards dated 11/13/2025, including a stock option for 2,780 shares at an exercise price of $89.92, first exercisable on 11/13/2026 and expiring on 11/13/2035.
He also received 783.28 stock units, each convertible into one share of Class A Common Stock. Per the plan, these units are paid on the first business day of the calendar year following his last date of service as a director. Both awards were reported as directly owned and granted under the company’s Amended and Restated Non‑Employee Director Share Incentive Plan.
Estée Lauder (EL) reported an insider equity award. On 11/13/2025, director Eric Louis Zinterhofer received grants under the Amended and Restated Non‑Employee Director Share Incentive Plan.
The awards include a stock option for 2,780 Class A shares at an exercise price of $89.92, exercisable beginning 11/13/2026 and expiring 11/13/2035. He also received 2,000 stock units (share payout) and 783.28 additional stock units, each convertible 1:1 into Class A Common Stock, payable after his board service ends. In lieu of cash retainers, he was granted 300.26 stock units designated for cash payout, valued on a 1:1 basis to a Class A share.
Estée Lauder (EL) director Barry S. Sternlicht reported routine equity awards. On 11/13/2025, he received a stock option for 2,780 Class A shares at an exercise price of $89.92, exercisable 11/13/2026 and expiring 11/13/2035.
He also received 783.28 stock units (share payout) and 300.26 stock units (cash payout), each on a 1:1 basis to Class A shares. Per plan terms, stock units are paid the first business day of the calendar year following his last day of board service. Following these grants, beneficial holdings include 2,780 options, 18,506.01 share-settled units, and 46,484.13 cash-settled units.
The Estée Lauder Companies (EL) disclosed a routine director equity grant. On 11/13/2025, a director received 2,780 stock options at an exercise price of $89.92, first exercisable on 11/13/2026 and expiring on 11/13/2035.
The director was also granted 783.28 stock units, each convertible into one share of Class A Common Stock, to be paid on the first business day of the calendar year following the director’s last date of service. Following these transactions, the director beneficially owned 2,780 options and 23,409.81 stock units. The awards were granted under the company’s Amended and Restated Non‑Employee Director Share Incentive Plan.
Estee Lauder Companies (EL): Director Arturo Nunez reported equity awards on 11/13/2025. He received a stock option for 2,780 shares at an exercise price of $89.92, which becomes exercisable on 11/13/2026 and expires on 11/13/2035.
He also received 783.28 stock units, each convertible into one share of Class A Common Stock. These stock units are scheduled to be paid on the first business day of the calendar year following the last date of his service as a director. Following the reported transactions, he beneficially owned 2,780 derivative securities (options) and 4,232.28 derivative securities (including stock units), all held directly.
Estée Lauder (EL) reported insider equity grants for director Annabelle Yu Long. On 11/13/2025, she received a stock option award for 2,780 shares at an exercise price of $89.92, first exercisable on 11/13/2026 and expiring on 11/13/2035. She also received 783.28 stock units, each convertible into one share of Class A Common Stock, to be paid on the first business day of the calendar year following her service as a director.
Est e9e Lauder Companies Inc. (EL): Director Paul J. Fribourg reported routine equity grants dated 11/13/2025. Awards include 2,780 stock options at an exercise price of $89.92, first exercisable on 11/13/2026 and expiring 11/13/2035. He also received 783.28 stock units (share payout) and 375.33 stock units (cash payout). These grants were made under the Amended and Restated Non-Employee Director Share Incentive Plan.
Following the transactions, beneficial holdings include 2,780 options, 14,372.24 stock units (share payout), and 40,458.88 stock units (cash payout).
Estee Lauder Companies (EL) reported insider activity by Jane Lauder, a Director and 10% Owner. On 11/13/2025, she was granted 2,780 stock options at an exercise price of $89.92, which become exercisable on 11/13/2026 and expire on 11/13/2035. She also acquired 783.28 stock units.
The options and stock units were granted under the company’s Amended and Restated Non‑Employee Director Share Incentive Plan. Each stock unit converts into one share of Class A Common Stock, and stock units will be paid out on the first business day of the calendar year following the last date of her service as a director.
Estée Lauder Companies (EL) reported a Form 4 for Gary M. Lauder, a director and 10% owner, detailing equity awards granted under the company’s Amended and Restated Non‑Employee Director Share Incentive Plan.
On 11/13/2025, he was granted 2,780 stock options with an exercise price of $89.92, first exercisable on 11/13/2026 and expiring on 11/13/2035. He also acquired 783.28 stock units, each convertible into 1 share of Class A Common Stock, to be paid on the first business day of the calendar year following his last date of service as a director.
Following these transactions, he held 2,780 options and 4,378.8 stock units, all reported as direct ownership.
Estee Lauder Companies (EL) director Barry S. Sternlicht reported an option exercise and share sale. On 11/11/2025, he exercised 3,972 stock options at $84.35 per share and sold 3,972 shares at a weighted average price of $91.83. After these transactions, he directly owned 34,812 Class A shares. The sales were executed in multiple open-market trades priced between $91.81 and $91.89.
The exercised options were granted under the non-employee director plan, first exercisable on 11/12/2016 and expiring on 11/12/2025, with 0 options remaining afterward. The filing also lists 12,000 Class A shares held indirectly in each of the 1999 Sternlicht Family Trust 1, 2, and 3, with a disclaimer of beneficial ownership to the extent there is no pecuniary interest.
The Estée Lauder Companies Inc. (EL) disclosed that a director reported the sale of 2,786,040 shares of Class A Common Stock at $89.70 per share on November 6, 2025, coded “S.” The footnote states this was a sale in an underwritten registered public offering.
Following the transaction, the reporting person directly owned 0 shares.
Estee Lauder Companies (EL): Insider transaction reported. A director reported selling 2,845,283 shares of Class A Common Stock on 11/06/2025 at $89.7 per share, coded “S.” The footnote states the sale occurred in an underwritten registered public offering. Following the transaction, the filer reported beneficial ownership of 0 shares, held directly.
Estée Lauder (EL): Form 4 insider transaction
A reporting person sold 5,670,000 shares of Class A Common Stock on 11/06/2025 at $89.70 per share, coded “S,” noted as a sale in an underwritten registered public offering. Following the transaction, the reporting person reported 0 shares beneficially owned, held directly.
The Estée Lauder Companies (EL) filed a Form 4 reporting a large share conversion. On 11/04/2025, a reporting person converted 2,519,402 shares of Class B Common Stock into Class A Common Stock (transaction code C). Following the transaction, the reporting person directly held 2,786,040 shares of Class A Common Stock.
Per the disclosure, Class B shares have no exercise or conversion price and are convertible into Class A on a one-for-one basis. Class B shares also automatically convert to Class A upon certain transfers or after a record date if Class B represents less than 10% of the issuer’s outstanding common stock. The reporting person held 0 derivative (Class B) securities after the conversion.
Estée Lauder Companies (EL) — insider share conversion reported. A reporting person filed a Form 4 showing the conversion of 2,845,283 shares of Class B Common Stock into 2,845,283 shares of Class A Common Stock on 11/04/2025 (transaction code C).
Following the reported transaction, the filer beneficially owned 2,845,283 Class A shares directly, and held 0 derivative securities related to the Class B shares. The filing notes there is no exercise or conversion price for Class B; Class B may be converted immediately on a one‑for‑one basis and is automatically converted into Class A upon certain transfers or when Class B falls below a defined threshold around a stockholder record date.
Estee Lauder (EL) insider transaction: On 11/04/2025, a reporting person converted 5,670,000 shares of Class B Common Stock into 5,670,000 shares of Class A Common Stock, a one-for-one conversion. Following the transaction, the reporting person held 5,670,000 shares of Class A Common Stock directly.
The filing notes there is no exercise or conversion price for Class B; Class B shares are immediately convertible one-for-one and automatically convert in certain transfer and voting-threshold scenarios.