$EL · ESTEE LAUDER COMPANIES INC
Estée Lauder Director Paul J. Fribourg reported the sale of 103,000 shares across four transactions on a single day, generating total proceeds of $10,049,063.42 at prices ranging from $96.78 to $98.79. The filing indicates no 10b5-1 trading plan was in place.
- Director Paul J. Fribourg sold 103,000 shares for $10,049,063.42 total across four transactions.
- Prices ranged from $96.78 to $98.79 per share; no 10b5-1 plan was indicated.
- Post-sale, Fribourg retains 417,300 shares of Estée Lauder common stock.
- The sale represents roughly 19.8% of his total position based on pre-sale holdings.
- No other insiders reported transactions in this filing.
EL was already down 2.01% in the regular session to $96.25. A $10M director sale without a 10b5-1 plan adds to negative sentiment, though the dollar amount is modest relative to the $34.81B market cap.
A director selling ~20% of his position for $10M without a pre-scheduled plan raises questions about insider confidence at a time when EL shares are under pressure.
_Not applicable._
Director sold without a 10b5-1 trading plan, meaning the sale was discretionary and timed at current market prices rather than pre-scheduled.
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