Meridith Webster - 17 May 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role: EVP Global Comm/Public Affairs
Signature: Meridith Webster, by Maureen Sladek, attorney-in-fact
Issuer symbol: EL
Transactions as of: 17 May 2021
Net transactions value: $0
Form type: 4
Filing time: 18 May 2021, 13:32:38 UTC
Next filing: 07 Sep 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EL	Restricted Stock Units (Share Payout)	Award		+2,360			2,360	17 May 2021	Class A Common Stock	2,360		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Not applicable.
F2	Assuming continued employment, these non-annual RSUs will vest and be paid out as follows: 786 on May 17, 2022; 787 on May 17, 2023; and 787 on May 17, 2024. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. Upon payout, shares will be withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights that will be payable in cash at the time of payout of the related shares.

Content

Not applicable.

Assuming continued employment, these non-annual RSUs will vest and be paid out as follows: 786 on May 17, 2022; 787 on May 17, 2023; and 787 on May 17, 2024. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. Upon payout, shares will be withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights that will be payable in cash at the time of payout of the related shares.