Coty cancels 90% of Zafar’s target performance award
Ayesha Zafar’s awards include vesting dates through October 19, 2029; the performance award’s unearned 90% of the target award opportunity was canceled.
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Form Type
4
Rhea-AI Filing Summary
COTY Inc. reported awards and vesting for Ayesha Zafar, SVP Group Controller, on October 19, 2026. The awards included 66,424 restricted stock units vesting in thirds on October 19, 2027, October 19, 2028 and October 19, 2029, and 35,767 restricted stock units vesting October 19, 2029; both are subject to certain vesting conditions and exceptions. Vesting settled 27,028 units into shares, with 9,745 shares surrendered for tax withholding, not sold. Partial performance-unit vesting delivered 1,122 shares, with 405 shares surrendered for tax withholding, not sold.
Insider Trade Summary
27,028 shares exercised/converted
Exercise
7 txns
Insider
Zafar Ayesha
Role
SVP Group Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F5 | 66,424 | -- | -- |
| Grant/Award | Restricted Stock Units F6 | 35,767 | -- | -- |
| Exercise | Restricted Stock Units F1 | 27,028 | -- | -- |
| Exercise | Class A common stock F1 | 27,028 | -- | -- |
| Tax Withholding | Class A common stock F2 | 9,745 | -- | -- |
| Exercise | Class A common stock F3 | 1,122 | -- | -- |
| Tax Withholding | Class A common stock F4 | 405 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 160,873 contracts (Direct);
Class A common stock — 192,277 shares (Direct)
Footnotes (6)
- F1. Upon vesting, each Restricted Stock Unit settled for one share of Class A Common Stock of the Issuer.
- F2. Represents shares surrendered to the Issuer in connection with the vesting of restricted stock units to satisfy the income tax withholding and remittance obligations of the Reporting Person at a net settlement price equal to the closing price of Class A Common Stock on the New York Stock Exchange on the vesting date and does not represent a sale by the Reporting Person.
- F3. Represents shares of Class A common stock acquired upon the partial vesting of a performance restricted stock unit grant originally eligible to vest based on the achievement of multiple independent performance criteria. The Company achieved 100% of the target for the performance criteria related to ESG ratings improvement, which accounted for 10% of the total vesting weighting. Because the remaining performance criteria were not achieved, the corresponding 90% of the total target award opportunity was unearned and cancelled without any share issuance.
- F4. Represents shares surrendered to the Issuer in connection with the vesting of performance restricted stock units to satisfy the income tax withholding and remittance obligations of the Reporting Person at a net settlement price equal to the closing price of Class A Common Stock on the New York Stock Exchange on the vesting date and does not represent a sale by the Reporting Person.
- F5. 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: 1/3 on October 19, 2027, 1/3 on October 19, 2028 and 1/3 on October 19, 2029.
- F6. Upon vesting, each Restricted Stock Unit will settle for one share of Class A common stock of Coty Inc. Each Restricted Stock Unit vests on October 19, 2029, subject to certain vesting conditions and exceptions.
Key Figures
Restricted stock units awarded: 66,424 restricted stock units
Restricted stock units awarded: 35,767 restricted stock units
Shares issued upon restricted stock unit vesting: 27,028 shares
+3 more
6 metrics
Restricted stock units awarded
66,424 restricted stock units
Vest in thirds on October 19, 2027, October 19, 2028 and October 19, 2029, subject to certain vesting conditions and exceptions
Restricted stock units awarded
35,767 restricted stock units
Vest on October 19, 2029, subject to certain vesting conditions and exceptions
Shares issued upon restricted stock unit vesting
27,028 shares
October 19, 2026
Shares surrendered for tax withholding
9,745 shares
In connection with restricted stock unit vesting on October 19, 2026; not a sale
Shares acquired upon partial performance-unit vesting
1,122 shares
October 19, 2026
Shares surrendered for tax withholding
405 shares
In connection with performance restricted stock unit vesting on October 19, 2026; not a sale
Key Terms
Restricted Stock Units, net settlement price, performance restricted stock unit grant
3 terms
Restricted Stock Units financial
"Upon vesting, each Restricted Stock Unit settles for one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net settlement price financial
"at a net settlement price equal to the closing price"
performance restricted stock unit grant financial
"partial vesting of a performance restricted stock unit grant"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock awards did COTY executive Ayesha Zafar receive?
Ayesha Zafar, SVP Group Controller, received 66,424 restricted stock units vesting in thirds on October 19, 2027, October 19, 2028 and October 19, 2029, subject to certain vesting conditions and exceptions, plus 35,767 restricted stock units vesting October 19, 2029, subject to certain vesting conditions and exceptions.
What happened to COTY’s performance-based restricted stock units reported for Ayesha Zafar?
The partial vesting delivered 1,122 shares. Coty achieved 100% of the target for the ESG ratings improvement criteria, which accounted for 10% of the total vesting weighting. The remaining performance criteria were not achieved, so the corresponding 90% of the total target award opportunity was unearned and canceled without share issuance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
