Hyman Jennifer 4

What Happened

• Jennifer Hyman, a director of Estee Lauder Companies Inc. (EL), was granted 17.2 stock units (reported as a derivative acquisition) on 2026-03-16. The grant is reported at $88.76 per share, a total value of approximately $1,527. This was an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-17 (timely).
• Instrument: Derivative stock units — 17.2 units at $88.76 each; total reported value ≈ $1,527.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F2: Represents reinvestment of dividend equivalents on outstanding stock units.
  • F3: The stock units will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director.
  • F1: Not applicable.
• Transaction code: A (award/grant).

Context

• This is a grant of deferred/derivative stock units (typical director compensation), not a market purchase — it represents entitlement to future shares rather than an immediate open-market stake. The payout timing (per F3) means the units convert to actual shares or cash after the director’s service ends. The filing appears timely (filed the day after the transaction).