Vita Coco (NASDAQ: COCO) director gets 1,530 deferred RSUs grant
Rhea-AI Filing Summary
Vita Coco Company, Inc. director Kenneth Sadowsky reported a routine equity compensation grant. He received 1,530 shares of Common Stock as deferred restricted stock units (RSUs) that vest in full on the earlier of the day before the next Annual Stockholders Meeting after the grant date or the first anniversary of the grant date, as long as he remains in continuous service. These deferred RSUs will settle on June 3, 2031, with each unit delivering one share of common stock. After this grant, Sadowsky directly holds 584,196 shares of Common Stock. He also holds a fully vested, currently exercisable non-qualified stock option covering 27,300 shares of Common Stock at an exercise price of $10.178 per share, expiring on January 2, 2030.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,530 | $75.18 | $115K |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
Footnotes (2)
- F1. Represents deferred RSUs granted under the company's 2021 Incentive Award Plan which vest in full the earlier of (i) the day immediately preceding the Annual Stockholders Meeting after the grant date or (ii) the first anniversary of the grant date provided that the Reporting Person remains in continuous service on the applicable vesting date. The Reporting Persons deferred RSUs will settle on June 3, 2031. Each deferred RSU represents the right to receive one share of common stock of the Issuer.
- F2. The stock option is fully vested and currently exercisable.
Key Figures
Key Terms
deferred RSUs financial
2021 Incentive Award Plan financial
Non-Qualified Stock Option (Right to Buy) financial
vest in full financial
continuous service financial
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