Vita Coco (COCO) CEO receives new performance options and stock awards
Rhea-AI Filing Summary
Vita Coco Company, Inc. director and Chief Executive Officer Martin Roper reported equity awards and updated holdings. He acquired 185,133 performance options at $16.91 per share and 25,945 shares of common stock through restricted stock units granted at $0.00 per share.
The filing notes that the restricted stock units vest in four equal annual installments, with shares automatically withheld at each vesting date to cover tax obligations. A performance-based stock option vested as to 185,133 shares on February 20, 2026 after its performance conditions were satisfied. The report also lists various non-qualified stock option holdings and indirect common stock holdings through family trusts and the reporting person’s spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Options | 185,133 | $16.91 | $3.13M |
| Grant/Award | Common Stock | 25,945 | $0.00 | $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 | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (10)
- F1. 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.
- F2. These shares are held by the Christopher G. Roper Exempt Family Trust.
- F3. These shares are held by the Peter S. Roper Exempt Family Trust.
- F4. These shares are held by the Thomas L. Roper Exempt Family Trust.
- F5. The stock option is eligible to vest if certain performance conditions are met by the target date for the applicable performance condition(s) and expire if the performance conditions are not met by the final target date. The performance conditions applicable were timely satisfied, resulting in vesting of the option as to 185,133 shares on February 20, 2026.
- F6. The stock option is fully vested and currently exercisable.
- F7. The stock option vests in four equal annual installments beginning on November 27, 2022.
- F8. The stock option vests in four equal annual installments beginning on March 10, 2024.
- F9. The stock option vests in four equal annual installments beginning on March 4, 2025.
- F10. The stock option vests in four equal annual installments beginning on March 3, 2026.
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