Coty explores Paris dual listing; CEO Nabi gets long-term equity program through 2030

COTY INC.

Board authorized exploring dual listing on Euronext Paris alongside NYSE, leveraging Coty's French heritage.
CEO Sue Y. Nabi granted 10,416,667 RSUs vesting through 2028 and annual PRSU awards totaling up to 10,416,667 shares.
Total potential CEO equity: up to 20,833,334 shares over seven years; half tied to performance objectives.
Company entered $200M and $196M forward repurchase contracts at avg $7.99/share to offset dilution.
Q3 FY2023 earnings to be reported May 9; projected FY23 FCF over $400M, leverage toward 3x exiting CY23.

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