Deirdre Stanley - Nov 1, 2022 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role: EVP & General Counsel
Signature: Deirdre Stanley, by Maureen Sladek, attorney-in-fact
Stock symbol: EL
Transactions as of: Nov 1, 2022
Transactions value $: -$1,232,314
Form type: 4
Date filed: 11/2/2022, 04:19 PM
Previous filing: Oct 3, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EL	Class A Common Stock	Options Exercise		+10.8K	+118.58%		19.9K	Nov 1, 2022	Direct	F1, F2
transaction	EL	Class A Common Stock	Tax liability	-$1.23M	-5.96K	-30.01%	$206.66	13.9K	Nov 1, 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		-1.02K	-100%		0	Nov 1, 2022	Class A Common Stock	1.02K		Direct	F2, F4, F5
transaction	EL	Restricted Stock Units (Share Payout)	Options Exercise		-4.49K	-100%		0	Nov 1, 2022	Class A Common Stock	4.49K		Direct	F2, F4, F6
transaction	EL	Restricted Stock Units (Share Payout)	Options Exercise		-869	-50%		869	Nov 1, 2022	Class A Common Stock	869		Direct	F2, F4, F7
transaction	EL	Restricted Stock Units (Share Payout)	Options Exercise		-3.82K	-50%		3.82K	Nov 1, 2022	Class A Common Stock	3.82K		Direct	F2, F4, F8
transaction	EL	Restricted Stock Units (Share Payout)	Options Exercise		-584	-33.31%		1.17K	Nov 1, 2022	Class A Common Stock	584		Direct	F2, F4, F9

* 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 October 28, 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. RSUs generally vest in three approximately equal installments unless otherwise indicated. 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 annual grant dated October 28, 2019.
F6	RSUs from non-annual grant dated October 28, 2019.
F7	RSUs from annual grant dated September 3, 2020. Assuming continued employment, these RSUs will vest and be paid out as follows: 869 on November 1, 2023.
F8	RSUs from non-annual grant dated September 3, 2020. Assuming continued employment, these RSUs will vest and be paid out as follows: 3,822 on November 1, 2023.
F9	RSUs from annual grant dated September 2, 2021. Assuming continued employment, these annual RSUs will vest and be paid out as follows: 584 on November 1, 2023; and 585 on November 1, 2024.