During his time at Coty, Pierre Laubies made significant investments, purchasing approximately 980,000 shares of Series A-1 Preferred Stock as part of Coty’s Elite stock investment program. This investment highlighted his belief in the company’s potential, aligning his interests with...

During his time at Coty, Pierre Laubies made significant investments, purchasing approximately 980,000 shares of Series A-1 Preferred Stock as part of Coty’s Elite stock investment program. This investment highlighted his belief in the company’s potential, aligning his interests with shareholders. However, following his resignation in early 2020, his holdings and their value became a central aspect of his settlement with Coty. The Series A-1 Preferred Stock held by Laubies comes with specific exchange rights that allow for conversion into either cash or common stock based on Coty’s performance. Previously, he had substantial holdings that reflected his substantial stake and confidence in Coty’s future, but after his departure, his influence on those shares and their management changed significantly. At one point, Laubies had over $20 million in potential compensation linked to his performance at Coty, underlining the high stakes involved in his leadership role, but he left without realizing major financial outcomes tied to stock awards as they did not vest during his final year.