Estée Lauder Director Richard F. Zannino Receives Dividend Equivalents in Stock Units

Executive Summary

On September 16, 2026, Estée Lauder Companies Inc. ($EL) director Richard F. Zannino reported the acquisition of 49.79 stock units via dividend equivalent reinvestments on September 15, 2026. The units were credited at a reference price of $96.25 per share, representing an aggregate value of approximately $4,792.29.

Transaction Breakdown

• Direct Ownership: 10.89 stock units acquired at $96.25 per share, bringing direct holdings to 3,006.02 stock units.
• Indirect Ownership: 38.90 stock units acquired at $96.25 per share, held by an LLC owned by trusts for the benefit of family members, bringing indirect holdings to 10,736.66 stock units.
• Terms: The stock units represent share payouts to be distributed on the first business day of the calendar year following the conclusion of the reporting person's service as a director.

Market & Governance Context

This filing reflects routine dividend equivalent reinvestment into deferred stock unit awards pursuant to company director compensation policies. Because the transaction represents automated dividend reinvestment rather than discretionary open-market buying or selling, it carries minimal market signaling value.