COTY (COTY) interim CEO Markus Strobel receives RSU and 6M option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COTY INC. reported that Interim CEO Markus Strobel received new equity compensation. He was granted 1,351,352 Restricted Stock Units, each settling into one share of Class A common stock as they vest in three tranches through March 16, 2027, March 16, 2028, and December 29, 2028. He was also granted stock options on 6,000,000 shares at an exercise price of $2.22 per share, which vest and become exercisable on December 29, 2028 if specified stock price performance thresholds are achieved.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Strobel Markus
Role
Interim CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,351,352 | $0.00 | -- |
| Grant/Award | Stock Options (right to buy) | 6,000,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,351,352 shares (Direct);
Stock Options (right to buy) — 6,000,000 shares (Direct)
Footnotes (1)
- Upon vesting, each Restricted Stock Unit settles for one share of Class A Common Stock of the Issuer. Subject to certain vesting conditions and exceptions, the Restricted Stock Units vest as follows: 33.33% on March 16, 2027, 33.33% on March 16, 2028 and 33.334% on December 29, 2028. Represents Stock Options granted to the Reporting Person under the Issuer's Equity and Long-Term Incentive Plan. Subject to certain vesting conditions and exceptions, the Stock Options vest and are exercisable on December 29, 2028 subject to the achievement of certain stock price performance thresholds measured by the volume weighted average closing price per share during the five trading days immediately preceding December 29, 2028, as follows: 100% upon the achievement of a share price equal to $9.00 per share and 50% vesting upon achievement of a share price equal to $5.56 per share, with vesting between the thresholds determined by linear interpolation.
FAQ
What insider transactions did COTY (COTY) disclose for Markus Strobel?
COTY disclosed that Interim CEO Markus Strobel received equity awards, not open-market trades. He was granted 1,351,352 Restricted Stock Units and stock options on 6,000,000 shares as part of the company’s equity and long-term incentive plan, subject to multi-year vesting and performance conditions.
How many Restricted Stock Units were granted to COTY Interim CEO Markus Strobel?
Markus Strobel received 1,351,352 Restricted Stock Units. Each unit can convert into one share of Class A common stock upon vesting, which occurs in three installments in 2027 and 2028, assuming vesting conditions and any applicable exceptions under the company’s equity plan are satisfied.
When do Markus Strobel’s COTY Restricted Stock Units vest?
The Restricted Stock Units vest in three tranches: 33.33% on March 16, 2027, 33.33% on March 16, 2028, and 33.334% on December 29, 2028. Vesting remains subject to certain conditions and exceptions defined under COTY’s equity and long-term incentive plan.
What stock options were granted to Markus Strobel by COTY (COTY)?
COTY granted Markus Strobel stock options on 6,000,000 shares of Class A common stock with a $2.22 exercise price. These options were issued under the company’s equity and long-term incentive plan and are subject to both time-based vesting and stock price performance thresholds.
When do Markus Strobel’s COTY stock options vest and become exercisable?
The stock options vest and become exercisable on December 29, 2028, subject to conditions. Vesting depends on achieving specified share price performance thresholds measured by volume weighted average closing prices in the five trading days immediately before December 29, 2028.
What stock price performance thresholds affect Markus Strobel’s COTY stock options?
The options have performance-based vesting: 100% vesting occurs if the share price reaches $9.00, and 50% vesting occurs at $5.56. Vesting between these thresholds is determined by linear interpolation, based on volume weighted average closing prices near December 29, 2028.