Zinterhofer Eric Louis 4

What Happened Eric Louis Zinterhofer, a director of Estee Lauder Companies Inc. (EL), received a grant of 336.32 stock units (derivative, code A) on 2026-05-15. The units were valued at $80.28 each, for a total grant value of $27,000. This was a routine award granted in lieu of a cash payment for quarterly board and committee retainers, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-15; Filing date (Form 4): 2026-05-18 (filed within the required window).
• Instrument: Stock Units (cash‑settled derivative); Transaction code: A (award/grant).
• Quantity and valuation: 336.32 stock units at $80.28 per unit = $27,000 total.
• Shares/units owned after transaction: Not specified in the filing.
• Footnotes: F1 — each stock unit converts into a cash payout equal to the value of one share (1:1); F2 — grant was in lieu of cash for quarterly board/committee retainers; F3 — units will be paid out the first business day of the calendar year following the last date of the director’s service.
• This is compensation (routine director award), not a purchase or sale indicating immediate market exposure.

Context Stock units granted to directors as retainer compensation are common and are cash‑settled here, meaning Zinterhofer will receive a cash payment equal to the stock value when the units vest/payout per the terms (after his service ends). Such grants are routine and reflect compensation practices rather than direct buying or selling of company stock.