Estée Lauder (EL) Director Eric Zinterhofer Receives Award

What Happened
Eric Louis Zinterhofer, a director of Estée Lauder Companies Inc. (EL), was granted/credited a total of 18.64 stock units (derivative awards) on September 15, 2026. The filing reports two entries: 10.23 units valued at $96.25 each (total $985) and 8.41 units at $96.25 each (total $809), for an aggregate notional value of about $1,794. These were recorded as awards/acquisitions (transaction code A) and represent derivative stock units rather than an open‑market purchase.

Key Details

• Transaction date: 2026-09-15 (filed 2026-09-16 — timely filing).
• Prices/values recorded: $96.25 per share equivalent; $985 and $809 for the two grants.
• Total units: 10.23 + 8.41 = 18.64 stock units (derivative).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F2 — these entries represent reinvestment of dividend equivalents on outstanding stock units; F3 — the 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. F1 not applicable.
• Transaction type: Award/derivative (code A) — not an open‑market buy or sale.

Context
These awards are derivative stock units (deferred/equivalent units) tied to existing outstanding stock units and arise from dividend equivalent reinvestment and director compensation arrangements. They do not reflect an immediate purchase of common shares on the market and are typically settled later per the plan (here, upon end of service). The dollar amounts are small relative to typical insider trades and are generally routine director compensation actions rather than an overt market sentiment signal.