Jane Hertzmark - Aug 28, 2023 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role: Executive Group President
Signature: Jane Hertzmark Hudis, by Maureen Sladek, attorney-in-fact
Stock symbol: EL
Transactions as of: Aug 28, 2023
Transactions value $: -$201,500
Form type: 4
Date filed: 8/30/2023, 02:57 PM
Previous filing: May 17, 2023
Next filing: Nov 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EL	Class A Common Stock	Award	$0	+2.34K	+20.48%	$0.00	13.7K	Aug 28, 2023	Direct	F1
transaction	EL	Class A Common Stock	Tax liability	-$202K	-1.29K	-9.4%	$155.96	12.5K	Aug 28, 2023	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	Stock Option (Right to Buy)	Award	$0	+25.8K		$0.00	25.8K	Aug 28, 2023	Class A Common Stock	25.8K	$156.39	Direct	F3, F4
transaction	EL	Restricted Stock Units (Share Payout)	Award	$0	+8.92K		$0.00	8.92K	Aug 28, 2023	Class A Common Stock	8.92K		Direct	F4, F5, 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 3, 2020.
F2	Represents the withholding of shares for tax purposes.
F3	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 8,607 shares exercisable from and after January 1, 2025; 8,607 shares exercisable from and after January 1, 2026; and 8,608 shares exercisable from and after January 1, 2027.
F4	Not applicable.
F5	Restricted Stock Units ("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, 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 the payout of the related shares.
F6	RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out as follows: 2,973 on November 1, 2024; 2,973 on November 3, 2025; and 2,973 on November 2, 2026.