Lauder Family Is Selling 11.3 Million Shares of Class A Common Stock

Trusts affiliated with descendants of Leonard A. Lauder are selling 11.3 million shares of Class A common stock of The Estée Lauder Companies (ELC).

The selling stockholders will receive all of the proceeds from the offering; they intend to use the funds to assist with the settlement of Lauder’s estate, including to satisfy certain estate obligations, namely estate taxes, debts and administration expenses.

Leonard A. Lauder died in June at the age of 92 after serving as president and CEO of the beauty giant for decades. He was named chairman in the mid 1990s and served in that capacity until 2009.

Based on shares outstanding as of October 23, 2025, following completion of the offering, members of the Lauder family will beneficially own, directly or indirectly, 82% of the outstanding voting power of the company’s common stock.

The selling stockholders and LAL Family Partners, L.P., an entity beneficially owned by descendants of Leonard A. Lauder, will be subject to a 90-day lock-up agreement with the underwriter, according to the financial release from ELC.