Estee Lauder (EL) Director Barry Sternlicht Receives Award

What Happened Barry S. Sternlicht, a director of Estee Lauder Companies Inc. (EL), received two derivative stock-unit awards on 2026-09-15. He was granted 68.05 units at $96.25 each (value $6,550) and 174.27 units at $96.25 each (value $16,773), for a combined 242.32 units valued at $23,323. These transactions are coded as "A" (grant/award/acquisition) and represent derivative stock units rather than open-market purchases.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (appears timely; Form 4s are generally due within two business days).
• Price per unit reported: $96.25.
• Units granted: 68.05 and 174.27 (total 242.32 units); total reported value ~$23,323.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F2 — represents reinvestment of dividend equivalents on outstanding stock units; 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; F1 — not applicable.

Context These awards are derivative stock units tied to director compensation and dividend-equivalent reinvestment, not an open-market buy or sale. Per the filing, the units will be paid out only after the director’s service ends (first business day of the calendar year after that date), so this does not reflect an immediate change in market holdings or a cash transaction.