Lammers Hendrik Rene 4

What Happened Hendrik Rene Lammers, EVP & CR&IO of The Estée Lauder Companies (EL), received equity awards on February 26, 2026 consisting of stock options and restricted stock units (RSUs). The awards break down as: 28,156 stock option shares (derivative), 7,507 RSUs (annual), and 13,405 non-annual RSUs — a total of 49,068 underlying shares. The Form 4 lists these as grants/awards (code A); no cash purchase or sale occurred.

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely within two business days).
• Awards: 28,156 stock options (exercisable in three tranches per F1); 7,507 RSUs (annual; F4); 13,405 non-annual RSUs (F5).
• Vest/exercise schedule:
  • Options (F1): 9,385 exercisable from Feb 26, 2027; 9,385 from Feb 28, 2028; 9,386 from Feb 28, 2029.
  • RSUs (F4): 2,502 on Feb 26, 2027; 2,502 on Feb 28, 2028; 2,503 on Feb 28, 2029.
  • Non-annual RSUs (F5): 4,468 on Feb 26, 2027; 4,468 on Feb 28, 2028; 4,469 on Feb 28, 2029.
• Price: Grant price listed as N/A on the Form 4 (typical for awards; no sale or open-market price).
• Tax/treatment notes: RSUs pay out one-for-one in common shares at vesting; shares are withheld to cover statutory tax obligations. RSUs include cash dividend equivalents at payout (F3).
• Shares owned after the transaction: Not specified in this filing.

Context These entries are awards (compensation), not open-market buys or sales. Stock options are grants (derivative securities) that become exercisable on the dates above — they were not exercised or sold at grant. RSU grants are subject to continued employment and will vest in installments; withholding for taxes at payout is standard. Awards are routine for executive compensation and do not by themselves indicate a personal bullish or bearish trade.