William P. Lauder Discloses RSU Vesting and Tax Withholding at Estée Lauder ($EL)

Executive Summary

On November 3, 2026, William P. Lauder, Director and 10% Owner of The Estée Lauder Companies Inc. ($EL), filed Form 4 detailing routine equity award transactions executed on November 2, 2026.

The filing reflects:

1. An acquisition of 5,602 shares of Class A Common Stock through the vesting and payout of Restricted Stock Units (RSUs) granted in August 2023 and August 2024.
2. A disposition of 2,437 shares at $108.30 per share ($263,927.10 total value) withheld by the company to satisfy statutory tax obligations.

Transaction Breakdown

• RSU Vesting (Code M): 5,602 RSUs were converted on a one-for-one basis into shares of Class A Common Stock at $0.00 per share.
• Tax Withholding (Code F): 2,437 shares were automatically surrendered to cover tax withholding liabilities at the closing market price of $108.30.
• Net Change in Direct Holdings: Net addition of 3,165 shares, increasing direct ownership from 13,300 to 16,465 shares.
• Indirect Holdings: 10,468 shares held indirectly by the children of William P. Lauder.

Market and Trading Assessment

• Significance Level: Low.
• Rationale: These transactions represent non-discretionary equity plan activity. The disposition was solely to cover tax liabilities associated with scheduled vesting schedules rather than open-market buying or selling activity, providing neutral informational value for market direction.