COTY interim CEO granted RSUs and 6M stock options
COTY INC. reported that Interim CEO Markus Strobel received new equity compensation.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,351,352 | $0.00 | $0.00 |
| Grant/Award | Stock Options (right to buy) | 6,000,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did COTY (COTY) disclose for Markus Strobel?
How many Restricted Stock Units were granted to COTY Interim CEO Markus Strobel?
When do Markus Strobel’s COTY Restricted Stock Units vest?
What stock options were granted to Markus Strobel by COTY (COTY)?
When do Markus Strobel’s COTY stock options vest and become exercisable?
What stock price performance thresholds affect Markus Strobel’s COTY stock options?
AI-generated analysis. How Rhea-AI works. Not financial advice.