Summary by Moomoo AI
On May 14, 2024, Richard F. Zannino, engaged in a significant transaction involving Estee Lauder Companies Inc (EL) stock. Zannino acquired 4,374 shares of Estee Lauder's Class A Common Stock at a price of $71.33 per share. Following this transaction, Zannino's indirect holdings in the company, through an LLC, increased to a total of 8,187 shares. The transaction, which was completed on the same day, is categorized as an exercise or conversion of derivative security, indicating a strategic investment move by Zannino.