Vita Coco chairman granted options and stock
Vita Coco Company, Inc. Executive Chairman Michael Kirban reported equity awards rather than open‑market trades.
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Rhea-AI Filing Summary
Vita Coco Company, Inc. Executive Chairman Michael Kirban reported equity awards rather than open‑market trades. He acquired performance stock options covering 185,133 shares at 16.91 per share after specified performance conditions were met, and received 25,945 common shares via restricted stock units that vest in four equal annual installments if he remains in continuous service.
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 | -- | -- | -- |
Footnotes (9)
- 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 Michael Kirban 2010 Trust.
- F3. These shares are held by the Michael Kirban Revocable Trust.
- F4. 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.
- F5. The stock option is fully vested and currently exercisable.
- F6. The stock option vests in four equal annual installments beginning on November 27, 2022.
- F7. The stock option vests in four equal annual installments beginning on March 10, 2024.
- F8. The stock option vests in four equal annual installments beginning on March 4, 2025.
- F9. The Stock Option vests in four equal annual installments beginning in March 3, 2026.
FAQ
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What did Vita Coco (COCO) Executive Chairman Michael Kirban report on this Form 4?
What restricted stock unit grant did Michael Kirban receive from Vita Coco (COCO)?
How are Michael Kirban’s indirect Vita Coco (COCO) holdings structured?
AI-generated analysis. How Rhea-AI works. Not financial advice.