LAUDER RONALD S 4

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.