Nunez Arturo 4

What Happened
Arturo Nunez, a director of Estee Lauder Companies Inc. (EL), was credited with a grant/award of 16.69 derivative shares on 2026-03-16. The filing shows an acquisition value of $88.76 per share for a total of approximately $1,481. This was not an open-market purchase or sale but represents an award/reinvestment of dividend equivalents into additional stock units.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-17 (timely filing).
• Transaction type/code: A (Grant/award/acquisition) — derivative stock units.
• Price/value shown: $88.76 per share; total ≈ $1,481.
• Shares received: 16.69 units (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F2 indicates these 16.69 units represent reinvested dividend equivalents on outstanding stock units. F3 notes the stock units will be paid out on the first business day of the calendar year following the last date of the reporting person's service as a director. F1: not applicable.

Context
These are deferred/derivative stock units credited via dividend reinvestment, not an immediate purchase of common shares. Such awards typically reflect plan mechanics (dividend reinvestment on outstanding units) rather than a direct signal of buying or selling intent. The units will convert to actual shares (or a payout) only after the director’s service ends, per the footnote.