Estée Lauder Director Paul Fribourg's Continental Grain Sells $10.1 Million of Stock
Continental Grain Company sold 90,972 shares of Estée Lauder Class A common stock for $10.06 million on Nov. 5 and Nov. 6, according to a Form 4 filed Monday by Estée Lauder director Paul J. Fribourg.
Fribourg reported the sales as an indirect holding. The filing says he may be deemed to share voting and investment power over the Continental Grain shares because he is the company's executive chairman, and that he is a co-trustee, and in one case a beneficiary, of family trusts that together control a majority interest in Continental Grain. He disclaims beneficial ownership of shares in which he has no pecuniary interest.
The larger trade came Nov. 6, when 70,000 shares sold at a weighted average price of $110.21, or $7.71 million. On Nov. 5, Continental Grain sold 20,972 shares in several blocks at weighted average prices from $109.59 to $115.02, for $2.35 million.
After the sales, Continental Grain held 326,328 Estée Lauder Class A shares, according to the Form 4. Fribourg also reported 4,000 Class A shares held directly.
By the numbers
- Shares sold: 90,972
- Total value: $10,063,122
- Nov. 6 sale: 70,000 shares at a $110.21 weighted average
- Continental Grain holding after the sales: 326,328 shares
- Direct holding: 4,000 shares
Sources
- Form 4, Paul J. Fribourg, The Estée Lauder Companies Inc., filed Nov. 9, 2026, accession 0001070938-26-000024
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