SARA E. MOSS - 01 Nov 2022 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role: Vice Chairman
Signature: Sara E. Moss by Maureen Sladek, attorney-in-fact
Issuer symbol: EL
Transactions as of: 01 Nov 2022
Net transactions value: -$382,114
Form type: 4
Filing time: 02 Nov 2022, 16:18:39 UTC
Previous filing: 08 Sep 2022
Next filing: 28 Nov 2022
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	Options Exercise		+3,342	+108%		6,431	01 Nov 2022	Direct	F1, F2
transaction	EL	Class A Common Stock	Tax liability	$382,114	-1,849	-29%	$206.66	4,582	01 Nov 2022	Direct	F3
holding	EL	Class A Common Stock						19,907	01 Nov 2022	Through a revocable trust.
holding	EL	Class A Common Stock						17,000	01 Nov 2022	Through a grantor retained annuity trust established in February 2022.
holding	EL	Class A Common Stock						21,500	01 Nov 2022	Through a grantor retained annuity trust established in May 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	Restricted Stock Units (Share Payout)	Options Exercise		-1,555	-100%		0	01 Nov 2022	Class A Common Stock	1,555		Direct	F2, F4, F5
transaction	EL	Restricted Stock Units (Share Payout)	Options Exercise		-1,102	-50%		1,102	01 Nov 2022	Class A Common Stock	1,102		Direct	F2, F4, F6
transaction	EL	Restricted Stock Units (Share Payout)	Options Exercise		-685	-33%		1,372	01 Nov 2022	Class A Common Stock	685		Direct	F2, F4, F7

* 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 September 3, 2019; September 3, 2020; and September 2, 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 unless otherwise indicated. RSUs generally vest in three approximately equal installments. Upon payout, additional 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 grant dated September 3, 2019.
F6	RSUs from grant dated September 3, 2020. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,102 on November 1, 2023.
F7	RSUs from grant dated September 2, 2021. Assuming continued employment, these RSUs will vest and be paid out as follows: 686 on November 1, 2023; and 686 on November 1, 2024.