Coty Inc (+1, COTY US, October 9th)
Isabelle Parize (Non-Executive since 2020) purchased $211,000 of stock on the 4th of October at $10.29, increasing her holding by 57%. She has made a series of successful purchases into rising prices, buying stock at $6.13 in November 2020, $6.60 in February 2021, and $8.90 in May 2021 and it’s encouraging to see her now making her largest purchase at the highest price she has paid. There do not appear to be any ownership requirements for Non-Executives.
She is Chairman and CEO of Delsey SA, a luggage and travel accessories company. Her purchase looks separate from the recent $356m fundraising which was part of a dual listing in Paris.
Mariasun Aramburuzabala (Non-Executive since 2020) bought $5.4m of stock (half the size of her only previous purchase) and Shareholder JAB Holdings bought $32m of stock in the placing.
We are ranking the stock +1.