STERNLICHT BARRY S 4

What Happened
Barry S. Sternlicht, a director of Estee Lauder Companies Inc. (EL), was granted two derivative stock awards on 2026-03-16: 72.97 stock units at $88.76 each (valued at $6,477) and 184.90 stock units at $88.76 each (valued at $16,412). These are awards/stock-unit grants (transaction code A), not open-market purchases or option exercises.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely filing).
• Grants: 72.97 units @ $88.76 = $6,477; 184.90 units @ $88.76 = $16,412; total ~257.87 units worth ~$22,889.
• Transaction type: A (award/grant, recorded as derivative securities).
• Shares/units owned following the transaction: not specified in the provided filing details.
• Footnotes: F2 — one grant/entry 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 reporting person’s last date of service as a director.
• No indication of a sale, option exercise, tax withholding, or 10b5-1 plan in the provided details.

Context
These awards are derivative stock units (commonly restricted stock units or similar) that will be paid out after the director leaves service per the filing note, so they do not reflect an immediate purchase or sale. Grants to directors are routine compensation and do not by themselves indicate the director buying or selling shares in the open market.