Vita Coco (COCO) CMO Prior reports PSU vesting, RSU grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vita Coco Company, Inc. Chief Marketing Officer Jane Prior reported several equity award transactions. She acquired 5,914 Performance Stock Units through vesting of a prior grant, based on 100% performance achievement, with each unit representing one share of common stock.
On the same date, she received 4,401 restricted stock units that vest in four equal annual installments, generally with shares withheld at vesting to cover taxes in non-discretionary transactions. The PSU vesting delivered 5,914 common shares, and 3,267 shares were automatically withheld to satisfy tax obligations, leaving her with 123,648 shares of common stock directly owned after these transactions. She also holds multiple non-qualified stock options with various vesting schedules, including some that are fully vested and exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,914 shares exercised/converted
Mixed
12 txns
Insider
Prior Jane
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 5,914 | $0.00 | -- |
| Grant/Award | Common Stock | 4,401 | $0.00 | -- |
| Exercise | Common Stock | 5,914 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,267 | $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 — 5,914 shares (Direct);
Common Stock — 126,915 shares (Direct);
Non-Qualified Stock Option (Right to Buy) — 3,675 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 insider transactions did Vita Coco (COCO) report for Jane Prior?
Vita Coco reported that Chief Marketing Officer Jane Prior had Performance Stock Units vest into 5,914 common shares, received 4,401 new restricted stock units, and had 3,267 shares withheld automatically to cover tax obligations related to these equity awards.
What do the vested Performance Stock Units for Vita Coco (COCO) represent?
The vested Performance Stock Units represent a prior award granted on March 10, 2023. Based on 100% performance achievement, 5,914 units vested, and each unit entitled Jane Prior to receive one share of Vita Coco common stock upon settlement of the performance award.
What new equity award did Vita Coco (COCO) grant to Jane Prior?
Jane Prior received a grant of restricted stock units covering 4,401 Vita Coco shares. These units vest in four equal annual installments, generally subject to her continued service and with shares automatically withheld at each vesting date to satisfy related tax-withholding obligations.