Beyond Meat (BYND) COO has shares withheld to cover RSU tax bill
Rhea-AI Filing Summary
BEYOND MEAT, INC. Chief Operations Officer Jonathan P. Nelson reported a Form 4 showing a tax-related share disposition. On this transaction, 2,104 shares of common stock were withheld at $0.825 per share to cover taxes on vesting restricted stock units granted under the company’s Amended and Restated 2018 Equity Incentive Plan. After this withholding, he directly owns 556,673 shares of Beyond Meat common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,104 shares
Net Sell
1 txn
Insider
Nelson Jonathan P
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,104 | $0.825 | $2K |
Holdings After Transaction:
Common Stock — 556,673 shares (Direct)
Footnotes (1)
- F1. Shares withheld to pay taxes applicable to vesting of restricted stock units previously awarded pursuant to the Amended and Restated 2018 Equity Incentive Plan.
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FAQ
What insider transaction did Beyond Meat (BYND) report for Jonathan P. Nelson?
Beyond Meat reported a Form 4 for COO Jonathan P. Nelson showing 2,104 common shares disposed of. These shares were withheld to cover taxes upon vesting of restricted stock units granted under the Amended and Restated 2018 Equity Incentive Plan.
Was the Beyond Meat (BYND) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 2,104 shares were withheld to pay tax liabilities related to vesting restricted stock units, as indicated by transaction code F and the accompanying footnote explanation.
What plan governed the restricted stock units in this Beyond Meat (BYND) Form 4?
The restricted stock units are issued under Beyond Meat’s Amended and Restated 2018 Equity Incentive Plan. The Form 4 notes that shares were withheld to pay applicable taxes when these equity awards vested for Jonathan P. Nelson.