Estee Lauder (EL) Director Richard Zannino Receives Award

What Happened

• Richard F. Zannino, a director of The Estée Lauder Companies Inc. (EL), was granted equity awards (reported as acquisitions/derivatives) on 2026-09-15: 10.89 stock units at $96.25 each (value $1,048) and 38.90 stock units at $96.25 each (value $3,744), totaling 49.79 units and about $4,792. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-16 (timely).
• Price used for valuation: $96.25 per share.
• Shares/units acquired: 10.89 and 38.90 (total 49.79 stock units); total reported value ≈ $4,792.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: F2 = represents reinvestment of dividend equivalents on outstanding stock units; F3 = stock units will be paid out the first business day of the year following the Reporting Person’s last date of service as a director; F4 = certain holdings are through an LLC owned by family trusts for which the reporting person has investment power.
• Transaction type: A (award/grant of derivative stock units), not a sale or cash purchase.

Context

• These grants are derivative stock-unit awards (not immediate open-market purchases) and often reflect compensation or dividend-equivalent reinvestment rather than a direct vote of confidence via personal cash deployment. Per the filing, the units appear subject to payment timing tied to the end of the director’s service and include reinvested dividend equivalents.