STERNLICHT BARRY S 4

What Happened

• Barry S. Sternlicht, a director of Estee Lauder Companies Inc. (EL), was granted two derivative stock-unit awards on 2026-06-15: 72.50 units at $90.00 each ($6,525) and 184.38 units at $90.00 each ($16,594), for a total of 256.88 units valued at approximately $23,119. These were reported as acquisitions via awards (transaction code A) and are derivative stock units rather than open-market purchases.

Key Details

• Transaction date: 2026-06-15; Filing date: 2026-06-16 (filed the next day).
• Grants: 72.50 units @ $90.00 = $6,525; 184.38 units @ $90.00 = $16,594; Total = 256.88 units (~$23,119).
• Nature of award: Derivative stock units (not immediate common-stock transfers). Footnote F2 says these represent reinvestment of dividend equivalents on outstanding stock units; F3 states the 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.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing appears timely (filed one day after the transaction).

Context

• These awards are derivative stock units tied to future payout upon the end of Sternlicht’s service as a director; they should be viewed as routine compensation/award activity rather than an open-market buy or sell. They do not indicate an immediate purchase/sale of common stock.