Form 4: Estee Lauder Director Paul J. Fribourg Reports Stock Unit Acquisition

Director Paul J. Fribourg reports acquisition of stock units in Estee Lauder Companies Inc. due to reinvestment of dividend equivalents.

Summary

• On September 16, 2024, Paul J. Fribourg, a director of Estee Lauder Companies Inc., acquired stock units as a result of reinvested dividend equivalents.
• Specifically, 95.7 stock units (share payout) and 288.55 stock units (cash payout) were acquired at a price of $85.13 per unit.
• Following the transaction, Fribourg directly owns 12,439.84 stock units (share payout) and 37,507.42 stock units (cash payout).
• The stock units will be paid out on the first business day of the calendar year following the last date of Fribourg's service as a director.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock unit acquisition through dividend reinvestment.

Positives

• The acquisition of stock units through dividend reinvestment demonstrates the director's continued investment in the company.

Future Outlook

The stock units will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. Dividend reinvestment is a common practice.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates