Strobel Markus 4

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.