=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-27
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: ESTEE LAUDER COMPANIES INC (EL)
CIK: 0001001250
--- Reporting Owner ---
Name: La Lande Rashida
CIK: 0001728090
Role: Officer (Exec VP & General Counsel)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A Common Stock
Date: 2026-08-27 | Code: M (Exercise of derivative)
Shares: +14,357
Shares Owned After: 14,357 | Ownership: D (Direct)
Footnotes:
[F1] Payout of shares upon vesting of portion of non-annual Restricted Stock Units ("RSUs") granted August 27, 2024.
[F2] Not applicable.
[Transaction #2]
Security: Class A Common Stock
Date: 2026-08-27 | Code: F (Payment of exercise/tax)
Shares: -6,591 | Price: $106.06
Total Value: $699,041.46
Shares Owned After: 7,766 | Ownership: D (Direct)
Footnotes:
[F3] Represents the withholding of shares for tax purposes.
[Transaction #3]
Security: Class A Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -7,766 | Price: $103.32
Total Value: $802,383.12
Shares Owned After: 0 | Ownership: D (Direct)
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units (Share Payout)
Date: 2026-08-27 | Code: M (Exercise of derivative)
Shares: -14,357
Exercisable: N/A | Expires: 2027-08-27
Shares Owned After: 14,357 | Ownership: D (Direct)
Footnotes:
[F4] RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares are withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights payable in cash at the time of the payout of the related shares.
[F2] Not applicable.
[F2] Not applicable.
[F5] Non-annual RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 14,357 on August 27, 2027.
[Transaction #2]
Security: Restricted Stock Units (Share Payout)
Date: 2026-08-27 | Code: A (Grant or award)
Shares: +10,169
Exercisable: N/A | Expires: 2029-11-01
Shares Owned After: 10,169 | Ownership: D (Direct)
Footnotes:
[F4] RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares are withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights payable in cash at the time of the payout of the related shares.
[F2] Not applicable.
[F2] Not applicable.
[F6] Annual RSUs granted August 27, 2026. Assuming continued employment, these RSUs will vest and be paid out as follows: 3,389 on November 1, 2027; 3,390 on November 1, 2028; and 3,390 on November 1, 2029.
[Transaction #3]
Security: Stock Option (Right to Buy)
Date: 2026-08-27 | Code: A (Grant or award)
Shares: +37,053
Exercise Price: $106.21
Exercisable: N/A | Expires: 2036-08-27
Shares Owned After: 37,053 | Ownership: D (Direct)
Footnotes:
[F2] Not applicable.
[F7] Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 12,351 shares exercisable from and after November 1, 2027; 12,351 shares exercisable from and after November 1, 2028; and 12,351 shares exercisable from and after November 1, 2029.
--- Footnotes (Complete Index) ---
F1: Payout of shares upon vesting of portion of non-annual Restricted Stock Units ("RSUs") granted August 27, 2024.
F2: Not applicable.
F3: Represents the withholding of shares for tax purposes.
F4: RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares are withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights payable in cash at the time of the payout of the related shares.
F5: Non-annual RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 14,357 on August 27, 2027.
F6: Annual RSUs granted August 27, 2026. Assuming continued employment, these RSUs will vest and be paid out as follows: 3,389 on November 1, 2027; 3,390 on November 1, 2028; and 3,390 on November 1, 2029.
F7: Stock options granted pursuant to The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan in respect of: 12,351 shares exercisable from and after November 1, 2027; 12,351 shares exercisable from and after November 1, 2028; and 12,351 shares exercisable from and after November 1, 2029.
--- Signature ---
/s/ Rashida La Lande, by Annalisa Loeffler, attorney-in-fact (2026-08-31)
