LAUDER RONALD S 4
4 · ESTEE LAUDER COMPANIES INC · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Estee Lauder (EL) 10% Owner Ronald Lauder Gifts 4.77M Shares
What Happened Ronald S. Lauder, reported as a 10% owner of Estee Lauder Companies Inc. (EL), transferred (gifted) 4,768,846 shares of Class B common stock on April 8, 2026. No exercise or sale price is reported (N/A); the filing indicates the transfer was made for no consideration. The Form 4 was filed on April 10, 2026.
Key Details
- Transaction date: 2026-04-08; Form 4 filed: 2026-04-10 (appears timely).
- Transaction type: Gift (code G). Shares disposed: 4,768,846 Class B Common Stock. Price/Value: N/A (no cash consideration).
- Beneficial ownership/ownership after transaction: filing notes these shares are owned directly by RSL Shares Trust (Reporting Person is grantor); Reporting Person also associated with The Descendants of RSL 1966 Trust. Exact post-transaction beneficial totals are not provided.
- Footnotes of note:
- F1: Class B shares have no exercise/conversion price and may convert one-for-one into Class A shares; they auto-convert on transfer to non‑permitted transferees or under certain record-date conditions.
- F2: Reporting person transferred shares to "RSL Shares Trust u/a/d March 2, 2026" for no consideration.
- F4–F6: Reporting person disclaims beneficial ownership to the extent he lacks pecuniary interest; some shares are owned directly by the named trusts and the reporting person is grantor/trustee.
- No indication this was an open‑market sale or a purchase; it was a non‑cash gift/transfer.
Context Gifts to family trusts or similar entities are often estate‑planning or wealth‑management moves and do not necessarily signal the insider's view of the company’s stock. As a reported 10% owner (not an executive trading for compensation), Lauder's transfer to trusts is administrative/structural rather than a market sale.
Insider Transaction Report
- Gift
Class B Common Stock
[F1][F2][F3]2026-04-08−4,768,846→ 0 total→ Class A Common Stock (4,768,846 underlying)
- 4,768,846(indirect: By Trust)
Class B Common Stock
[F1][F4][F5]→ Class A Common Stock (4,768,846 underlying) - 6,364(indirect: By Trust)
Class B Common Stock
[F1][F4][F6]→ Class A Common Stock (6,364 underlying)
Footnotes (6)
- [F1]There is no exercise or conversion price for the Class B Common Stock. Shares of Class B Common Stock (i) may be converted immediately on a one-for-one basis by the holder into shares of Class A Common Stock and (ii) are automatically converted into Class A Common Stock on a one-for-one basis upon transfer to a person or entity that is not a "Permitted Transferee" (as defined in Issuer's Restated Certificate of Incorporation) or soon after a record date for a meeting of stockholders where the outstanding Class B Common Stock constitutes less than 10% of the outstanding shares of Common Stock of the Issuer.
- [F2]The Reporting Person transferred shares to RSL Shares Trust u/a/d March 2, 2026 ('RSL Shares Trust') for no consideration.
- [F3]Not applicable.
- [F4]The Reporting Person disclaims beneficial ownership of these shares to the extent he does not have a pecuniary interest in such securities.
- [F5]Owned directly by RSL Shares Trust. Reporting person is grantor.
- [F6]Owned directly by The Descendants of RSL 1966 Trust ('RSL 1966 Trust'). Reporting person is grantor and trustee.