Strobel Markus 4
4 · COTY INC. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Coty (COTY) Interim CEO Markus Strobel Receives Stock Awards
What Happened
Markus Strobel, Coty’s Interim CEO and a director, received two equity awards on March 16, 2026: 1,351,352 restricted stock units (RSUs) and 6,000,000 stock options. Both awards were reported as derivative grants (transaction code A) with no cash paid (price listed as N/A). These are compensation grants, not open-market purchases or sales, and do not represent immediate sales of shares.
Key Details
- Transaction date: March 16, 2026 (Form 4 filed March 18, 2026).
- Awards: 1,351,352 RSUs; 6,000,000 stock options (total 7,351,352 derivative awards).
- RSU vesting (per footnote): 33.33% on March 16, 2027; 33.33% on March 16, 2028; 33.334% on December 29, 2028. Each vested RSU settles for one share of Class A common stock.
- Options (per footnote): Vesting/exercisability contingent on stock-price performance measured by VWAP over the five trading days immediately preceding Dec 29, 2028 — 50% vests at $5.56, 100% at $9.00, with linear interpolation between. Options vest/exercisable on Dec 29, 2028 if thresholds are met.
- Price/consideration: N/A (grant).
- Shares owned after transaction: not specified in this filing.
- Filing timeliness: Reported within two business days (no late-filing indication).
Context
These grants are compensation-related derivative awards (RSUs and performance-based options). RSUs convert to shares only as they vest; the options require achieving stock-price targets before becoming exercisable. Such awards typically reflect executive compensation arrangements rather than an immediate insider buy or sell.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-03-16+1,351,352→ 1,351,352 total→ Class A common stock (1,351,352 underlying) - Award
Stock Options (right to buy)
[F2]2026-03-16+6,000,000→ 6,000,000 totalExercise: $2.22→ Class A common stock (6,000,000 underlying)
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.