Shrivastava Akhil 4

What Happened
Akhil Shrivastava, Executive Vice President & Chief Financial Officer of Estee Lauder Companies (EL), received a payout of 5,265.145 shares on vesting of Restricted Stock Units (RSUs) on Feb 27, 2026. Of those shares, 1,912.145 were withheld to cover statutory tax obligations at an effective price of $109.01 per share (withholding value reported as $208,443), leaving a net increase of 3,353.000 shares. The total market value of the 5,265.145 shares at $109.01 was about $573,953; the net shares retained are roughly $365,511 in value.

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-02 (filed within required reporting window).
• Received: 5,265.145 shares (RSU payout / conversion of derivative).
• Withheld for taxes (Disposition / F code): 1,912.145 shares @ $109.01 = $208,443.
• Net shares added to holdings: 3,353.000 shares (5,265.145 − 1,912.145).
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes: RSUs were granted Feb 26, 2024, include dividend equivalents paid in shares, and portions were withheld to meet tax obligations. Remaining non-annual RSUs include 5,172 scheduled to vest Feb 26, 2027.

Context
This was a routine RSU vesting and payout, not an open-market purchase or strategic sale; withholding of shares to satisfy taxes is common and does not necessarily signal a change in insider sentiment. The filing indicates the conversion/payout of RSUs (derivative conversion) and the associated tax withholding rather than a voluntary sale.