Coty cancels 90% of officer’s target performance award
Coty's Chief Corp. Affairs Officer also received 61,050 restricted stock units that vest October 19, 2029, subject to vesting conditions and exceptions.
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Rhea-AI Filing Summary
Coty Inc. Chief Corp. Affairs Officer Anna von Bayern reported that 61,050 restricted stock units vested on October 19, 2026, settling into 61,050 shares of Class A common stock. Of those shares, 4,457 were surrendered to the issuer for income-tax withholding; this was not a sale. She also acquired 6,105 shares upon partial vesting of performance restricted stock units, and 446 shares were surrendered for tax withholding, not sold. The ESG-ratings-improvement criterion met 100% of its target and accounted for 10% of the total vesting weighting; the other criteria were not achieved, so the remaining 90% of the target award opportunity was unearned and cancelled without share issuance. Separately, she acquired 61,050 restricted stock units that vest on October 19, 2029, subject to certain vesting conditions and exceptions. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F5 | 61,050 | -- | -- |
| Exercise | Restricted Stock Units F1 | 61,050 | -- | -- |
| Exercise | Class A common stock F1 | 61,050 | -- | -- |
| Tax Withholding | Class A common stock F2 | 4,457 | -- | -- |
| Exercise | Class A common stock F3 | 6,105 | -- | -- |
| Tax Withholding | Class A common stock F4 | 446 | -- | -- |
Footnotes (5)
- 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 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
Key Terms
Restricted Stock Units technical
performance restricted stock unit grant technical
net settlement price financial
vesting weighting technical
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