Fabrizio Freda - 02 Sep 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role: President and CEO, Director
Signature: Fabrizio Freda, by Maureen Sladek, attorney-in-fact
Issuer symbol: EL
Transactions as of: 02 Sep 2021
Net transactions value: -$5,125,541
Form type: 4
Filing time: 07 Sep 2021, 18:02:58 UTC
Previous filing: 26 Aug 2021
Next filing: 04 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EL	Class A Common Stock	Award	$0	+35,104	+46%	$0.000000	110,778	02 Sep 2021	Direct	F1
transaction	EL	Class A Common Stock	Tax liability	$0	-20,143	-18%	$0.000000	90,635	02 Sep 2021	Direct	F2
transaction	EL	Class A Common Stock	Sale	$2,567,827	-7,503	-8.3%	$342.24	83,132	03 Sep 2021	Direct	F3, F4, F5
transaction	EL	Class A Common Stock	Sale	$2,385,759	-6,958	-8.4%	$342.88	76,174	03 Sep 2021	Direct	F3, F4, F6
transaction	EL	Class A Common Stock	Sale	$171,955	-500	-0.66%	$343.91	75,674	03 Sep 2021	Direct	F3, F4, F7

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	Option (right to buy)	Award		+55,542			55,542	02 Sep 2021	Class A Common Stock	55,542	$344.06	Direct	F8, F9
transaction	EL	Restricted Stock Units (Share Payout)	Award		+14,363			14,363	02 Sep 2021	Class A Common Stock	14,363		Direct	F9, F10

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

Explanation of Responses:

Id	Content
F1	Reflects payout of Performance Share Units ("PSUs") granted to Reporting Person on September 4, 2018.
F2	Represents the withholding of shares for tax purposes in connection with the payout of the PSUs.
F3	The sales of the shares of Class A Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1(c) entered into on May 10, 2021.
F4	The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.
F5	Sales prices range from $341.52 to $342.50 per share, inclusive.
F6	Sales prices range from $342.51 to $343.32 per share, inclusive.
F7	Sales prices range from $343.68 to $344.39 per share, inclusive.
F8	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 18,514 shares exercisable from and after January 1, 2023; 18,514 shares exercisable from and after January 1, 2024; and 18,514 shares exercisable from and after January 1, 2025.
F9	Not applicable.
F10	Assuming continued employment, these Restricted Stock Units ("RSUs") will vest and be paid out as follows: 4,787 on November 1, 2022; 4,788 on November 1, 2023; and 4,788 on November 1, 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.