Meridith Webster - May 17, 2022 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: May 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/18/2022, 12:30 PM
Previous filing: Sep 7, 2021
Next filing: Sep 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EL	Class A Common Stock	Options Exercise	$0	+786		$0.00	786	May 17, 2022	Direct	F1, F2
transaction	EL	Class A Common Stock	Tax liability	$0	-284	-36.13%	$0.00	502	May 17, 2022	Direct	F3

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)	Options Exercise	$0	-786	-33.31%	$0.00	1.57K	May 17, 2022	Class A Common Stock	786		Direct	F2, F4, F5

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

Explanation of Responses:

Id	Content
F1	Payout of shares upon vesting of portions of Restricted Stock Units ("RSUs") granted May 17, 2021.
F2	Not applicable.
F3	Represents the withholding of shares for tax purposes.
F4	RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments. 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.
F5	RSUs from non-annual grant dated May 17, 2021. Assuming continued employment, these non-annual RSUs will vest and be paid out as follows: 787 on May 17, 2023; and 787 on May 17, 2024.