Estée Lauder President & CEO Stephane de la Faverie Receives Annual Equity Grants

Overview & Executive Summary

On August 31, 2026, The Estée Lauder Companies Inc. ($EL) filed a Form 4 disclosing derivative equity award grants to Stephane de la Faverie, President and Chief Executive Officer. The grants occurred on August 27, 2026, as part of regular executive incentive compensation.

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Transaction Breakdown

1. Restricted Stock Units (RSUs):

   • Amount: 37,661 units
   • Conversion Price: N/A (1-to-1 share payout upon vesting)
   • Vesting Schedule: Approximately equal annual installments: 12,553 on November 1, 2027; 12,554 on November 1, 2028; and 12,554 on November 1, 2029.
   • Post-Transaction Derivative Holdings: 37,661 RSUs

2. Stock Options (Right to Buy):

   • Amount: 137,238 options
   • Exercise Price: $106.21
   • Expiration Date: August 27, 2036
   • Vesting Schedule: Exercisable in three equal tranches of 45,746 shares starting November 1, 2027, November 1, 2028, and November 1, 2029.
   • Post-Transaction Derivative Holdings: 137,238 options

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Market Impact & Significance

• Significance Level: Low
• Rationale: These transactions represent routine long-term equity incentive awards granted under the company's Share Incentive Plan. There was no open-market purchase or sale of shares.