Share-based compensation expense is recognized on a straight-line basis over the requisite service period. Total share-based compensation is shown in the table below:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
Equity plan expense (a)	$	6.8	$	12.6	$	39.0	$	44.7

Liability plan (income) expense	—		(0.4)		0.2		—
Fringe expense	—		—		1.9		3.0
Total share-based compensation expense	$	6.8	$	12.2	$	41.1	$	47.7

As of March 31, 2026, the total unrecognized share-based compensation expense related to stock options, RSUs and other share awards, and performance restricted stock units ("PRSUs") is $3.6, $48.0, and $0.9, respectively. The unrecognized share-based compensation expense related to stock options, RSUs and other share awards, and PRSUs, is expected to be recognized over a weighted-average period of 2.75, 2.16, and 1.26 years, respectively.

The Company granted 1.4 million shares and 11.9 million shares of RSUs and other share awards during the three and nine months ended March 31, 2026, respectively. The Company granted 3.8 million shares of RSUs and other share awards during the three and nine months ended March 31, 2025, respectively. The Company recognized share-based compensation expense of $6.6 and $12.8 for the three months ended March 31, 2026 and 2025, respectively, of which $0.0 and $5.1 related to Ms. Nabi's and Mr. Strobel's awards, as described below. The Company recognized share-based compensation expense of $40.9 and $43.6 for the nine months ended March 31, 2026 and 2025, respectively, of which $16.4 and $15.4 related to Ms. Nabi's and Mr. Strobel's awards, as described below.

The Company granted no shares of PRSUs, respectively, during the three and nine months ended March 31, 2026. The Company granted nil and 4.1 million shares of PRSUs, respectively, during the three and nine months ended March 31, 2025. The Company recognized share-based compensation expense of $0.2 and $(0.6) for the three months ended March 31, 2026 and 2025, respectively, of which $0.0 and $(0.8) related to Ms. Nabi's award, as described below. The Company recognized share-based compensation expense of $0.2 and $4.0 for the nine months ended March 31, 2026 and 2025, respectively, of which $(1.7) and $1.1 related to Ms. Nabi's award, as described below.

Pursuant to the term of the amended employment agreement on May 4, 2023, the Company granted its CEO, Sue Nabi, a one-time award of 10,416,667 RSUs and a total of 10,416,665 PRSUs in five equal tranches over the next five years. Ms. Nabi ceased to serve as the Company’s CEO effective December 31, 2025, and pursuant to the terms of the separation agreement on December 20, 2025, these two awards were treated in accordance with the terms discussed below.

Ms. Nabi's 10,416,667 RSUs were originally scheduled to vest and settle in shares of the Company’s Class A Common Stock, par value $0.01 per share over five years on the following vesting schedule: (i) 15% on September 1, 2024, (ii) 15% on September 1, 2025, (iii) 20% on September 1, 2026, (iv) 20% on September 1, 2027; and (v) 30% on September 1, 2028, in each case subject to Ms. Nabi’s continued employment through the applicable vesting date. As of the date of the separation agreement, the first two tranches had vested. Pursuant to the terms of the amended employment agreement, Ms. Nabi vested in the third tranche on January 2, 2026. The remaining two tranches of the RSU awards and all PRSU awards were forfeited. Any previously recognized compensation expense was reversed for forfeited awards as of December 31, 2025.

Pursuant to the terms of the employment agreement dated December 20, 2025, the Company granted its new Executive Chairman of the Board and interim CEO, Markus Strobel, a one-time award of 1,351,352 RSUs and 6,000,000 stock options of Coty Inc’s Class A Common Stock on March 16, 2026. These two awards will vest over the next 2.75 years in accordance with the terms discussed below.

Mr. Strobel's 1,351,352 RSUs will vest and settle in shares of the Company’s Class A Common Stock, par value $0.01 per share over 2.75 years on the following vesting schedule: (i) 33% on March 31, 2027, (ii) 33% on March 31, 2028, and (iii) 34%

on December 31, 2028, in each case subject to Mr. Strobel’s continued employment through the applicable vesting date. The Company will recognize approximately $2.9 of share-based compensation expense, on a straight-line basis over the vesting period, based on the fair value on the grant date, net of forfeitures.

The stock options are subject to both a service condition and a market condition. The options vest on December 29, 2028 (the “Vesting Date”), contingent upon Mr. Strobel’s continued service through such date. Vesting is further conditioned on the achievement of specified share price targets as of the Vesting Date, with 100% of the award vesting if the Company’s share price equals or exceeds $9.00 per share, and 50% of the award vesting if the share price equals or exceeds $5.56 per share. The Company will recognize approximately $3.6 of share-based compensation expense, on a straight-line basis over the vesting period, based on the fair value on the grant date, net of forfeitures.

The Company granted no non-qualified stock options and recognized share-based compensation expense of $0.0 and nil for the three months ended March 31, 2026 and 2025, respectively, and $0.0 and $0.1 for the nine months ended March 31, 2026 and 2025, respectively.