Coty shareholders approved larger share pools for employee and director plans, creating room for future awards that could shrink current owners’ share. The filing does not say those shares have already been issued, so the concern is potential rather than immediate.
The plans provide a way to reward Coty employees and directors. More awards could leave each current share representing a smaller part of the company. The filing says the shares are available for future awards, not that they have already been issued, which limits the immediate effect.
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