BARSHEFSKY CHARLENE 4

What Happened

• Charlene Barshefsky, a director of Estée Lauder Companies Inc. (EL), was credited with 92.31 derivative stock units on March 16, 2026. The units are valued at $88.76 each, for a total reported value of $8,193. The transaction is reported as an award/grant (code A) rather than an open-market purchase.
• Footnotes indicate these units represent reinvested dividend equivalents on outstanding stock units (F2) and will be paid out the first business day of the calendar year following the last date of her service as a director (F3).

Key Details

• Transaction date: 2026-03-16; reported on SEC Form 4 filed 2026-03-17 (filed the next business day).
• Price per unit: $88.76; units granted: 92.31; total value: $8,193 (rounded).
• Shares/units owned after the transaction: not stated in the provided filing.
• Footnotes: F2 = reinvestment of dividend equivalents; F3 = payout timing after end of director service; F1 = not applicable.
• Transaction type: Derivative award (A). Not a market purchase or sale.

Context

• This appears to be a crediting of dividend equivalents to existing stock units (a non-cash award), not a directional buy or sell of company stock. Such dividend-equivalent credits are typically routine and reflect compensation plan mechanics rather than a personal investment decision.
• Payout is deferred until after Barshefsky's service as a director ends, per the filing.