Meridith Webster - Sep 2, 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
Stock symbol: EL
Transactions as of: Sep 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/7/2021, 06:05 PM
Previous filing: May 17, 2021
Next filing: May 18, 2022

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		+3.37K			3.37K	Sep 2, 2021	Class A Common Stock	3.37K	$344.06	Direct	F1, F2
transaction	EL	Restricted Stock Units (Share Payout)	Award		+872			872	Sep 2, 2021	Class A Common Stock	872		Direct	F2, F3

Showing 1 to 2 of 2 entries

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

Explanation of Responses:

Id	Content
F1	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 1,124 shares exercisable from and after January 1, 2023; 1,124 shares exercisable from and after January 1, 2024; and 1,124 shares exercisable from and after January 1, 2025.
F2	Not applicable.
F3	Assuming continued employment, these Restricted Stock Units ("RSUs") will vest and be paid out as follows: 290 on November 1, 2022; 291 on November 1, 2023; and 291 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.