Form 4: Coty Inc. Chief Legal Officer Kristin Blazewicz Reports Stock Transactions

Kristin Blazewicz, Chief Legal Officer of Coty Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of Class A common stock.

Summary

• On October 19, 2024, Kristin Blazewicz, the Chief Legal Officer of Coty Inc., engaged in transactions involving the company's Class A common stock.
• 345,274 Restricted Stock Units (RSUs) vested, each settling for one share of Class A common stock.
• As a result of the vesting, Blazewicz acquired 345,274 shares of Class A common stock.
• To cover income tax obligations related to the vesting, 163,282 shares were surrendered to Coty Inc.
• These shares were surrendered at a net settlement price equal to the closing price of Class A Common Stock on the New York Stock Exchange on the trading day prior to the vesting date.
• Following these transactions, Blazewicz directly owns 799,742 shares of Class A common stock.

Sentiment

Score: 5

Explanation: This is a neutral reporting of stock transactions by a company insider, with no inherent positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for executives to receive stock-based compensation and subsequently manage their tax obligations through share surrender.

Key Dates