Long Annabelle Yu 4

What Happened Annabelle Yu, a director of Estee Lauder Companies Inc. (EL), was granted 3.09 derivative stock units on 2026-03-16 as an award (transaction code A). The grant is reported at an imputed share price of $88.76 for a total value of approximately $274. This was an award of stock units (not an open-market purchase or sale) and thus does not indicate a market transaction.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-17 (appears timely).
• Award: 3.09 shares (stock units) @ $88.76 each; total reported value ~$274.
• Security type: Derivative (stock units); transaction code A = award/grant.
• Shares/units owned after transaction: Not specified in the filing.
• Footnotes:
  • F2: Represents reinvestment of dividend equivalents on outstanding stock units.
  • F3: Stock units will be paid out the first business day of the calendar year following the last date of the reporting person's service as a director.
• F1 listed as not applicable.

Context This grant reflects dividend-equivalent reinvestment into additional stock units rather than a cash purchase or sale. The units are payable only after the director's service ends (per F3), so this is a deferred/derivative award rather than immediate ownership of common shares. Such awards are routine compensation and not necessarily a directional signal about the insider's view of the stock.