Estée Lauder Exec VP & CBO Jane Hertzmark Hudis Reports Routine RSU Vesting and Tax Withholding

Executive Summary

On November 3, 2026, Estée Lauder Companies Inc ($EL) reported Form 4 activity for Executive Vice President and Chief Brand Officer Jane Hertzmark Hudis. On November 2, 2026, Ms. Hertzmark Hudis acquired 15,752 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) and surrendered 8,713 shares to satisfy statutory tax withholding requirements at a price of $108.30 per share.

Transaction Breakdown

• RSU Settlement (Code M): 15,752 shares of Class A Common Stock were acquired upon the vesting of portions of RSU grants awarded in August 2023, August 2024, and August 2025.
• Tax Withholding (Code F): 8,713 shares were withheld by the issuer at $108.30 per share to satisfy tax obligations, representing an aggregate disposition value of $943,617.90.
• Net Share Impact: Net addition of 7,039 Class A Common shares.
• Post-Transaction Holdings: Ms. Hertzmark Hudis directly holds 34,424 shares of Class A Common Stock following the transactions.

Market and Trading Implications

This filing reflects routine compensation-related equity vesting and standard tax withholding rather than discretionary open-market buying or selling. Because the transactions are automated and driven by scheduled vesting schedules, trading significance is assessed as Low.