Meridith Webster - Aug 28, 2023 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: Aug 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/30/2023, 03:06 PM
Previous filing: May 18, 2023
Next filing: Nov 2, 2023

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	+7.46K		$0.00	7.46K	Aug 28, 2023	Class A Common Stock	7.46K	$156.39	Direct	F1, F2
transaction	EL	Restricted Stock Units (Share Payout)	Award	$0	+2.58K		$0.00	2.58K	Aug 28, 2023	Class A Common Stock	2.58K		Direct	F2, F3, F4
transaction	EL	Restricted Stock Units (Share Payout)	Award	$0	+3.2K		$0.00	3.2K	Aug 28, 2023	Class A Common Stock	3.2K		Direct	F2, F3, F5

Showing 1 to 3 of 3 entries

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

Explanation of Responses:

Id	Content
F1	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 2,487 shares exercisable from and after January 1, 2025; 2,487 shares exercisable from and after January 1, 2026; and 2,488 shares exercisable from and after January 1, 2027.
F2	Not applicable.
F3	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.
F4	Annual RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out as follows: 858 on November 1, 2024; 859 on November 3, 2025; and 859 on November 2, 2026.
F5	Non-annual RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out on June 30, 2026.