FRIBOURG PAUL J 4
4 · ESTEE LAUDER COMPANIES INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Estée Lauder (EL) Director Paul J. Fribourg Receives Award
What Happened
Paul J. Fribourg, a director of Estée Lauder Companies Inc. (EL), was granted 308.3 stock units on 2026-02-27. The units are reported at an imputed price of $109.47 each, for a total value of $33,750. The transaction is coded as an award/grant (derivative stock units), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-27; Form 4 filed: 2026-03-02 (appears timely).
- Grant: 308.3 stock units valued at $109.47 each, total $33,750. (Transaction code A = Award/Grant)
- Shares owned after transaction: not reported in this filing.
- Footnotes:
- F1: Each stock unit is a cash payout convertible 1:1 to the value of one Class A common share.
- F2: Grant issued in lieu of quarterly cash board and committee retainers.
- F3: Payout is deferred — units will be paid the first business day of the calendar year after the reporting person’s service as a director ends.
- No 10b5-1 plan, tax-withholding sale, or exercise/sale of options reported in this filing.
Context
This is a routine director compensation grant (stock units paid instead of cash) and is a derivative award with deferred cash payout upon end of service, so it does not represent an immediate open-market buy or sell. Such grants are common for non-employee directors and should be viewed as compensation rather than a direct signal of the director’s market view.
Insider Transaction Report
- Award
Stock Units (Cash Payout)
[F1][F2][F3]2026-02-27$109.47/sh+308.3$33,750→ 40,907.34 total→ Class A Common Stock (308.3 underlying)
Footnotes (3)
- [F1]Each stock unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock (i.e. 1:1).
- [F2]Represents grant of Stock Units in lieu of cash for quarterly board, committee chair, and committee member retainers.
- [F3]The Stock Units (cash payout) 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.