Aerin Lauder Discloses $120M Loan Facility Secured by Estée Lauder Class B Shares

Aerin Lauder (a/k/a Aerin Lauder Zinterhofer) filed an Amendment No. 9 to her Schedule 13D for The Estée Lauder Companies Inc. on May 28, 2026. The filing reports beneficial ownership of 19,102,009 shares of Class A Common Stock, representing 7.2% of the class. This ownership is primarily held through 19,100,317 shares of Class B Common Stock, which are convertible into Class A shares. The reporting person holds 13.7% of the aggregate voting power. The primary purpose of this amendment was to disclose that on May 26, 2026, Ms. Lauder entered into a $120 million loan facility with JPMorgan Chase Bank, N.A. As security for this credit line, the ALZ 2000 Revocable Trust granted a first-priority lien on 4,500,000 shares of Class B Common Stock. The filing also clarifies Ms. Lauder's roles as sole or co-trustee across various family trusts, including the RSL Shares Trust and the 2008 Descendants Trust. No other open-market transactions were reported in the preceding sixty days.