How to Share Calendar in Outlook Online (Webmail)
1. Open your calendar in Outlook on the web (Webmail) and click 'Share'
Note: Alternatively, in the navigation pane on the left, right-click the calendar you want to share, and then click Sharing and permissions.
2. In the pop-up window, type the name or email address of the recipient, choose how much access to your calendar you wish to allow, and click 'Share'.

How to change permissions or stop sharing calendar
1. On the left under 'My Calendars', right-click the calendar or click the More options button (ellipsis) next to it, and then choose 'Sharing and permissions'.
2. To change permissions, choose another option from the drop-down list.
To stop sharing your calendar, click the Remove button (recycle bin).

Permission level definitions
Permission Level
Definitions
Can view when I'm busy
Can only see the times when you are busy
Can view titles and locations
Will see your availability as well as the subject and meeting location
Can view all details
Will see all the information relating to your events, just like you see it
Can edit
Can edit your appointment details
Delegate
Allows acting on your behalf