ESTEE LAUDER COMPANIES INC — Director's Dealing 2021

Nov 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESTEE LAUDER COMPANIES INC (EL)
CIK: 0001001250
Period of Report: 2021-11-01

Reporting Person: O'HARE MICHAEL (EVP-Global Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-01	Class A Common Stock	M	4606	—	Acquired	4606	Direct
2021-11-01	Class A Common Stock	F	2645	$324.28	Disposed	1961	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-01	Restricted Stock Units (Share Payout)	$0.0	M	1813	Disposed	2021-11-01	Class A Common Stock (1813.0)	Direct
2021-11-01	Restricted Stock Units (Share Payout)	$0.0	M	1323	Disposed	2022-11-01	Class A Common Stock (1323.0)	Direct
2021-11-01	Restricted Stock Units (Share Payout)	$0.0	M	1470	Disposed	2023-11-01	Class A Common Stock (1470.0)	Direct

Footnotes

F1: Payout of shares upon vesting of portions of Restricted Stock Units ("RSUs") granted September 4, 2018, September 3, 2019, and September 3, 2020.

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, 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 4, 2018.

F6: RSUs from grant dated September 3, 2019. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,323 on November 1, 2022.

F7: RSUs from grant dated September 3, 2020. Assuming continued employment, these RSUs will vest and be paid out as follows: 1,471 on November 1, 2022; and 1,472 on November 1, 2023.