de la Faverie Stephane 4

What Happened

• Stephane de la Faverie, President and CEO of Estee Lauder Companies (EL), received a payout from vested restricted stock units (RSUs). A tranche of 5,787 RSUs converted into 5,787 shares on Feb 27, 2026. To cover statutory tax obligations, 2,333 of those shares were withheld (disposed) at $109.01 per share for a total withholding value of $254,320, leaving a net delivery of 3,454 shares to the insider.
• This was an award/vesting event (not an open-market sale or purchase). RSU conversion/withholding activity is routine compensation-related activity rather than a directional trade.

Key Details

• Transaction date: February 27, 2026; Form filed March 2, 2026 (filed timely).
• Gross shares from RSU payout: 5,787; Shares withheld for taxes: 2,333 at $109.01 each = $254,320; Net shares delivered: 3,454.
• Transaction codes: M = derivative exercise/conversion (RSU payout), F = withholding/tax payment.
• Footnotes: Payout relates to non-annual RSUs granted Feb 24, 2025; RSUs vest/pay out one-for-one and are accompanied by cash dividend equivalents; shares are withheld to cover statutory tax obligations.
• Shares owned after the transaction: not reported in this Form 4.

Context

• This was a compensation vesting event (RSUs converting to stock). The withholding of shares to satisfy tax obligations is common and does not by itself indicate a buy or sell decision by the insider. For retail investors, these events are routine executive compensation mechanics rather than a direct signal of management sentiment.