STERNLICHT BARRY S 4

What Happened

• Barry S. Sternlicht, a director of Estée Lauder Companies Inc. (EL), received a grant of 336.32 stock units on 2026-05-15. The units were recorded at $80.28 each for a total grant value of $27,000. This was an award/grant (derivative), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-15; filing date: 2026-05-18 (timely filing).
• Grant type/code: A (award/grant); derivative instrument (stock units).
• Unit price recorded: $80.28; total value: $27,000.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Each stock unit is cash‑settled 1:1 to the value of one Class A share.
  • F2: Units granted in lieu of cash for quarterly board/committee retainers.
  • F3: Payout is deferred — units will be paid in cash the first business day of the calendar year after the director’s service ends.

Context

• These are deferred, cash‑settled stock units (a form of compensation), so no new tradable shares or voting rights were issued now. Such grants are routine board compensation rather than a direct market signal of insider buying or selling.