Estee Lauder (EL) EVP Hendrik Lammers Receives Equity Awards

What Happened

• Hendrik Rene Lammers, EVP & CR&IO of The Estée Lauder Companies, received equity awards on August 27, 2026: two RSU grants totaling 17,325 restricted stock units and stock option grants covering 28,820 shares. No cash or open‑market purchase/sale occurred — these are awards (derivative grants) rather than purchases or dispositions.
• No per‑share prices or aggregate dollar values are provided in the filing (N/A for price). RSUs will convert to Class A common shares on vesting and are accompanied by cash dividend equivalents. Shares will be withheld to satisfy statutory tax withholding at payout.

Key Details

• Transaction date: August 27, 2026; Form 4 filed August 31, 2026 (timely filing).
• Grant breakdown and vesting/exercise schedule:
  • Annual RSUs (total 7,909): vest ~2,636 on 11/1/2027; 2,636 on 11/1/2028; 2,637 on 11/1/2029. (Footnote F3)
  • Non‑annual RSUs (total 9,416): vest ~3,138 on 11/1/2027; 3,139 on 11/1/2028; 3,139 on 11/1/2029. (Footnote F4)
  • Stock options (total 28,820): exercisable 9,606 on/after 11/1/2027; 9,607 on/after 11/1/2028; 9,607 on/after 11/1/2029. (Footnote F5)
• RSU features: paid one‑for‑one in Class A shares on vesting, dividend equivalents paid in cash, and shares withheld for taxes. (Footnote F1)
• Shares owned after the transaction are not specified in the provided filing extract.

Context

• RSUs are deferred equity compensation that convert to shares on vesting; stock options give the right to buy shares after vesting/exercise dates. These grants do not represent an immediate purchase or sale and do not indicate that options were exercised or shares sold.
• Such awards are commonly used for compensation and retention; they will dilute outstanding shares only when RSUs vest or options are exercised.