Jane Hertzmark - Sep 2, 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role: Group President
Signature: Jane Hertzmark Hudis, 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, 06:06 PM
Next filing: Nov 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EL	Class A Common Stock	Award	$0	+8.82K	+25.04%	$0.00	44.1K	Sep 2, 2021	Direct	F1
transaction	EL	Class A Common Stock	Tax liability	$0	-4.64K	-10.52%	$0.00	39.4K	Sep 2, 2021	Direct	F2

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		+16.2K			16.2K	Sep 2, 2021	Class A Common Stock	16.2K	$344.06	Direct	F3, F4
transaction	EL	Restricted Stock Units (Share Payout)	Award		+4.19K			4.19K	Sep 2, 2021	Class A Common Stock	4.19K		Direct	F4, F5
transaction	EL	Restricted Stock Units (Share Payout)	Award		+10.2K			10.2K	Sep 2, 2021	Class A Common Stock	10.2K		Direct	F4, F6

* 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	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 5,402 shares exercisable from and after January 1, 2023; 5,402 shares exercisable from and after January 1, 2024; and 5,402 shares exercisable from and after January 1, 2025.
F4	Not applicable.
F5	Assuming continued employment, these annual Restricted Stock Units ("RSUs") will vest and be paid out as follows: 1,396 on November 1, 2022; 1,397 on November 1, 2023; and 1,397 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.
F6	Assuming continued employment, these non-annual Restricted Stock Units ("RSUs") will vest and be paid out 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.