Estee Lauder (EL) Director Eric Zinterhofer Receives Stock Unit Award

What Happened Eric Louis Zinterhofer, a director of Estee Lauder Companies Inc. (EL), was granted 327.78 stock units on 2026-07-21. The units are valued at $82.37 each, totaling $26,999 (reported as a derivative award). This was an award granted in lieu of quarterly cash board and committee retainers — not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-21; Form 4 filed: 2026-07-22 (timely filing).
• Grant: 327.78 stock units @ $82.37 per unit; total value reported $26,999.
• Security type: Stock Units (derivative, cash‑settled) — transaction code A (award/grant).
• Shares owned after transaction: Not reported on this Form 4.
• Footnotes:
  • F1: Each stock unit converts 1:1 to a cash payment equal to the value of one share of Class A common stock.
  • F2: Grant was issued in lieu of cash for quarterly board/committee retainers.
  • F3: Stock units will be paid out the first business day of the calendar year following the reporting person’s last date of service as a director (deferred payout).

Context This is a routine director compensation grant and not an outright purchase or sale of shares. Because the units are cash‑settled and payable after the director’s service ends, they do not represent immediate additional share ownership or a direct bullish bet on the stock. Retail investors should view this as standard non‑cash director compensation rather than a trading signal.