Paul J Fribourg

IFF Director Paul J Fribourg buys 273,500 shares in 2 transactions for $20.3M at blended avg $74.29, lifting stake to 2.68M shares

Director Paul J Fribourg made 2 separate open-market purchases on 2026-06-01 — 13,500 shares at $74.49 and 260,000 shares at $74.28 — totaling 273,500 shares for $20,317,854.50, expanding his holdings from 2,409,230 shares to 2,682,730 shares (+11.4% vs pre-transaction holdings). The transactions were executed at prices above the current price of $73.24, and IFF sits -13.3% from its 52-week high against a backdrop of -5.2% annual revenue growth and a company that was unprofitable over its most recent full fiscal year. Fribourg's prior trades at IFF show a positive pattern: 4 of 5 prior trades were well-timed at the 90-day mark, with his March 2026 buys returning +3.4% and +3.5% at 30 days and +5.9% and +6.0% at 90 days respectively. His cross-ticker track record spans 16 prior buys with an avg 90d return of -3.5% and a 90d win rate of 37.50%, suggesting his IFF-specific outcomes have been stronger than his broader history.

Director Fribourg purchased 156,459 shares across 6 transactions for $10,971,328.64 at IFF.

Director Paul J Fribourg executed 6 separate purchases totaling 156,459 shares for $10,971,328.64 between August 2025 and March 2026, while simultaneously selling 222 shares for $14,481.43 across 4 transactions. The largest acquisitions occurred on 2026-03-12, when he bought 14,200 shares at $70.07 and 142,000 shares at $70.13, representing a concentrated buying window at prices near the current $70.09 level. Net pre-transaction holdings of -156,226 shares indicate substantial cover activity through this filing's purchases. Against his cross-ticker track record of 20 prior buys with an average 90-day return of -0.8% and 50% win rate, and his sole prior IFF purchase on 2025-08-07 (which generated a negative 90-day return of -1.2%), the current stock is down 15.6% from its 52-week high and trading at the lower end of its annual range. The company remains unprofitable on a full-year basis despite $2.7B in latest quarterly revenue, and reported a -5.2% annual revenue decline year-over-year.

Director Fribourg buys 15,450 shares (15.4K) of IFF at $64.80; stock down 40.1% from 52-week high.

Paul J. Fribourg purchased 15,450 shares at $64.80 on 2025-08-07, establishing an initial position in IFF. The purchase occurs in a period of significant weakness: the stock trades at $63.56, down 40.1% from its 52-week high of $106.07 and off 17.0% over the past 30 days. Fribourg's historical cross-ticker track record shows 19 prior buys with a 52.63% 90-day win rate and an average 90-day return of -0.8%, indicating his purchases have not consistently outperformed. The company's fundamentals show a P/E of 66.91 with flat year-over-year revenue growth (+0.0%), suggesting valuation questions remain despite near-term price decline.

Director Fribourg buys 45,500 shares in 2 transactions on 2025-02-07 for $2,957,333 at blended $65.00, expanding stake 9.6%

Director Paul J Fribourg executed 2 separate open-market purchases totaling 45,500 shares for $2,957,333, raising his holdings from 474,800 to 520,300 shares. The purchases occurred on 2025-02-07 at blended average price $65.00, when the stock has declined 6.4% over 30 days and sits -56.5% from its 52-week high of $157.94. Notably, Fribourg made 5 additional purchases at EL within the preceding 48 hours (on 2025-02-05 and 2025-02-06), indicating sustained accumulation activity. However, the company's latest quarter shows net income of $-590,000,000, annual revenue has contracted 1.9% year-over-year, and the P/E stands at 63.04—a high multiple for a declining business. His cross-ticker track record shows 17 prior buys with average 30-day return +21.0%, but his prior EL trades lack measurable 90-day outcomes and do not establish a pattern of well-timed entry points at this specific ticker.

Director Paul J Fribourg bought 87,000 shares at $65.80 avg (Feb 5-6); stock down -58.8% from 52-week high amid -$590.0M net loss

Director Fribourg executed 7 separate purchases totaling 87,000 shares for $5,724,373.20 across February 5–6, 2025, at a blended average price of $65.80, increasing his holdings by 22.4%. The timing coincides with significant fundamental weakness: the company reported $-590,000,000.00 net income in the latest quarter, annual revenue contracted -1.9%, and the stock trades at a P/E of 59.66 while down -58.8% from its 52-week high of $157.94. The price action is severe—a -11.7% decline over 30 days—yet the director initiated a substantial discretionary open-market purchase, acquiring shares at levels well below recent peaks. His prior trades at EL show positive short-term outcomes (three purchases in November 2024 each returned +15% to +16% within 30 days), though no 90-day timing pattern has yet been measurable. The scale of this purchase—87,000 shares into depressed pricing amid negative earnings—warrants examination of whether this reflects conviction in a recovery or signals broader strategic recalibration at the company.

Director Paul J Fribourg buys 77,800 shares of Estée Lauder (EL) for $5.0M via 2 transactions on 2024-11-19 at $64.35–$64.83; stock down 26.8% in 30d, P/E 59.94, net income negative.

Director Paul J Fribourg executed 2 separate purchases totaling 77,800 shares for $5,016,181.20 at blended average price of $64.48 on 2024-11-19, increasing his holdings by 25.1% to 387,800 shares. The filing follows five rapid-succession purchases at EL over the prior 5 days (2024-11-14 through 2024-11-18), indicating sustained accumulation despite contemporaneous price weakness: the stock has declined 26.8% over the 30-day period and currently trades at $65.33, down 58.6% from its 52-week high of $157.94. Estée Lauder's recent fundamentals show revenue of $3,361,000,000.00 for the latest quarter, annual revenue decline of 1.9%, and net income of negative $156,000,000.00, with a P/E of 59.94—metrics that warrant scrutiny in context of sustained insider accumulation at depressed levels.

Director Paul J. Fribourg purchases 153,000 shares ($9.9M) across 4 transactions, doubling stake to 310,000 shares at blended average $64.46.

Paul J. Fribourg, a director at Estée Lauder, executed 4 separate purchases totaling 153,000 shares for $9,862,777.21 between November 13–18, 2024, raising his holdings from 157,000 to 310,000 shares—a 97.5% increase. The purchases occurred amid significant stock deterioration: the stock trades at $64.79, down 59.0% from its 52-week high of $157.94 and down 28.0% over the past 30 days. Fundamentals remain weak, with net income of -$156,000,000 in the latest quarter and annual revenue declining 1.9% year-over-year. This large accumulation by a director during a period of material weakness and negative earnings warrants investor attention regarding management's assessment of intrinsic value and near-term business trajectory.

Director FRIBOURG PAUL J purchases 157,000 shares of Estée Lauder (EL) in 4 transactions for $10.0M, creating initial 157.0K position.

Director Paul J. Fribourg executed 4 separate purchases totaling 157,000 shares for $10,045,534.10 on November 13–14, 2024, with a blended average price of $63.98, establishing an initial stake in EL. The timing is noteworthy: the stock has declined -29.8% over 30 days and -32.9% over 90 days, and stands -59.6% below its 52-week high of $157.94, yet the director initiated a material new position at current levels. Estée Lauder's fundamentals show pressure: the latest quarter posted a net loss of $-156.0M, annual revenue contracted -1.9% year-over-year, and the stock trades at a P/E of 58.49, suggesting elevated valuation despite operational challenges. The director's cross-ticker track record includes only 2 prior buys with a 0% well-timed rate at the 90-day mark, indicating no historical pattern of entry-point accuracy, though this is his first material accumulation at EL itself.