Director Barry S. Sternlicht filed a Form 4 with the SEC on November 6, 2026, reporting the exercise of stock options and a same-day sale of Class A Common Stock of Estee Lauder Companies Inc (NYSE:EL).

Key Highlights

  • Option exercise: Sternlicht exercised 4,697 stock options on November 6, 2026, at a conversion price of $78.36 per share, acquiring 4,697 shares of Class A Common Stock.
  • Same-day sale: He sold 4,697 shares of Class A Common Stock on November 6, 2026, at a price of $108.63 per share.
  • Direct holdings after transactions: Sternlicht directly held 34,812 shares of Class A Common Stock following the reported transactions.
  • Indirect holdings: An additional 12,000 shares are held indirectly through each of three trusts: the 1999 Sternlicht Family Trust 1, the 1999 Sternlicht Family Trust 2, and the 1999 Sternlicht Family Trust 3, with the reporting person disclaiming beneficial ownership to the extent he has no pecuniary interest in those shares.
  • Expiring options: The exercised options were granted under the issuer's Non-Employee Director Share Incentive Plan, with an expiration date of November 11, 2026.
  • Filing authority: The form was signed by Robin Cohen as attorney-in-fact for Barry S. Sternlicht.

Sternlicht Option Exercise and Sale Details: November 6, 2026

According to the Form 4 filed on November 6, 2026, Barry S. Sternlicht, a director of Estee Lauder Companies Inc (NYSE:EL), reported two transactions involving the company's Class A Common Stock. First, he exercised stock options (transaction code M) covering 4,697 shares at a conversion or exercise price of $78.36 per share, which the filing identifies as options granted under the issuer's Non-Employee Director Share Incentive Plan. Those options carried an expiration date of November 11, 2026, making this exercise in advance of that deadline.

In the same filing, Sternlicht reported the sale (transaction code S) of 4,697 shares of Class A Common Stock at a price of $108.63 per share on the same date. Following both transactions, the filing reports that Sternlicht directly owned 34,812 shares. In addition, the filing discloses indirect holdings of 12,000 shares each through the 1999 Sternlicht Family Trust 1, the 1999 Sternlicht Family Trust 2, and the 1999 Sternlicht Family Trust 3. For those indirectly held shares, Sternlicht "disclaims beneficial ownership of such shares to the extent he does not have a pecuniary interest in such shares," according to the filing.

The form was filed for a single reporting person and covers transactions with an earliest transaction date of November 6, 2026. It was signed by Robin Cohen as attorney-in-fact on behalf of Barry S. Sternlicht.

What Was Disclosed

The filing disclosed the exercise of 4,697 stock options at $78.36 and the sale of 4,697 shares at $108.63 by director Barry S. Sternlicht on November 6, 2026, leaving him with 34,812 directly held shares of Estee Lauder Class A Common Stock.