Vita Coco (NASDAQ: COCO) COO reports PSU vesting and new stock awards
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Vita Coco Company, Inc. Chief Operating Officer Jonathan Burth reported equity compensation activity tied to performance and time-based awards. On February 20, 2026, 5,914 Performance Stock Units vested, converting into 5,914 shares of common stock based on 100% performance achievement.
On the same date, the company granted Burth 22,750 Performance Options and 4,401 shares of common stock as restricted stock units that vest in four equal annual installments if he remains in continuous service. In connection with the PSU vesting, 3,271 shares of common stock were automatically withheld to satisfy tax obligations in a non-discretionary transaction mandated by the company.
Following these transactions, Burth directly owned 80,891 shares of common stock and held several Non-Qualified Stock Options (rights to buy common stock), some of which are fully vested and others that vest in scheduled annual installments beginning on various dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,914 shares exercised/converted
Mixed
13 txns
Insider
Burth Jonathan
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 5,914 | $0.00 | -- |
| Grant/Award | Performance Options | 22,750 | $0.00 | -- |
| Grant/Award | Common Stock | 4,401 | $0.00 | -- |
| Exercise | Common Stock | 5,914 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,271 | $0.00 | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Performance Options — 22,750 shares (Direct);
Common Stock — 78,248 shares (Direct);
Non-Qualified Stock Option (Right to Buy) — 8,825 shares (Direct)
Footnotes (1)
- The Reporting Person was granted restricted stock units that will vest in four annual equal installments on each anniversary of the grant date provided that the Reporting Person remains in continuous service on each vesting date. Unless otherwise provided, on each vesting date shares of Common Stock will automatically be withheld to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction. The acquisition reported on this Form 4 represents the vesting of Performance Stock Units (PSU) originally granted on March 10, 2023. Each PSU represents the right to receive one share of common stock. Based on performance achievement of 100%, the Reporting Person received 5,914 shares, representing 100% of the target award of 5,914 PSUs. The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of PSUs. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person. The stock option is fully vested and currently exercisable. The stock option vests in four equal annual installments beginning on November 27, 2022. The stock option vests in three equal annual installments beginning on August 15, 2025. The stock option vests in four equal annual installments beginning on March 10, 2024. The stock option vests in four equal annual installments beginning on March 4, 2025. The Reporting Person was granted stock options that will vest in four annual equal installments on each anniversary of the grant date provided that the Reporting Person remains in continuous service on each vesting date.
FAQ
What equity awards did Vita Coco (COCO) COO Jonathan Burth receive on February 20, 2026?
On February 20, 2026, COO Jonathan Burth received 22,750 Performance Options and 4,401 shares of common stock as restricted stock units. These new grants vest in equal annual installments over four years, contingent on his continued service with Vita Coco.
How many Vita Coco (COCO) Performance Stock Units vested for the COO and at what achievement level?
A total of 5,914 Performance Stock Units vested for COO Jonathan Burth at 100% achievement of the target award. Each PSU converted into one share of common stock, resulting in 5,914 shares being delivered upon settlement of the original March 10, 2023 grant.
How do the new Vita Coco (COCO) restricted stock units for the COO vest over time?
The restricted stock units granted to COO Jonathan Burth vest in four equal annual installments on each anniversary of the grant date. Vesting requires that he remain in continuous service with Vita Coco on each scheduled vesting date, according to the filing footnotes.
What is the vesting schedule for Vita Coco (COCO) stock options held by the COO?
The COO’s stock options include one fully vested, exercisable grant and several others vesting annually. Different option grants begin vesting on November 27, 2022, March 10, 2024, March 4, 2025, and August 15, 2025, each in equal annual installments over three or four years.