Vita Coco (NASDAQ: COCO) director awarded 1,530 RSUs in new equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vita Coco Company, Inc. director Shelley G. Broader received a grant of 1,530 shares of common stock in the form of restricted stock units (RSUs) valued at $75.18 per share. After this equity award, her directly held common stock position reported in this filing is 2,050 shares.
The RSUs were granted under the company’s 2021 Incentive Award Plan and vest in full on the earlier of the day immediately before the next Annual Stockholders Meeting after the grant date or the first anniversary of the grant date, as long as she remains in continuous service. Each RSU converts into one share of Vita Coco common stock when it vests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Broader Shelley G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,530 | $75.18 | $115K |
Holdings After Transaction:
Common Stock — 2,050 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,530 shares
Grant value per share: $75.18 per share
Shares held after grant: 2,050 shares
3 metrics
RSUs granted
1,530 shares
Restricted stock units of common stock granted to director
Grant value per share
$75.18 per share
Valuation used for the 1,530 RSU grant
Shares held after grant
2,050 shares
Total directly held Vita Coco common shares post-transaction
Key Terms
RSUs, 2021 Incentive Award Plan, Annual Stockholders Meeting, continuous service, +1 more
5 terms
RSUs financial
"Represents RSUs granted under the Company's 2021 Incentive Award Plan which vest in full"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2021 Incentive Award Plan financial
"Represents RSUs granted under the Company's 2021 Incentive Award Plan which vest in full"
Annual Stockholders Meeting financial
"vest in full the earlier of (i) the day immediately preceding the Annual Stockholders Meeting after the grant date"
continuous service financial
"provided the Reporting Person remains in continuous service on the applicable vesting date"
restricted stock units financial
"Represents RSUs granted under the Company's 2021 Incentive Award Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What insider transaction did Vita Coco (COCO) report for Shelley G. Broader?
Vita Coco reported that director Shelley G. Broader received 1,530 restricted stock units of common stock. These RSUs are a compensation-related equity award rather than an open-market purchase, and increase her directly held position to 2,050 common shares according to this filing’s ownership table.
At what price were Shelley G. Broader’s Vita Coco (COCO) RSUs valued?
The 1,530 restricted stock units granted to Shelley G. Broader were valued at $75.18 per Vita Coco common share. This value reflects the grant-date price used for the award calculation disclosed in the Form 4 insider transaction report.
When do Shelley G. Broader’s Vita Coco (COCO) RSUs vest?
The RSUs granted to Shelley G. Broader vest in full on the earlier of the day immediately preceding the next Annual Stockholders Meeting after the grant date, or the first anniversary of the grant date, provided she remains in continuous service through the applicable vesting date.
What does each Vita Coco (COCO) RSU granted to Shelley G. Broader represent?
Each restricted stock unit granted to Shelley G. Broader represents the right to receive one share of Vita Coco common stock. Once the vesting conditions are met, the RSUs convert into an equivalent number of common shares, delivering equity-based compensation under the 2021 Incentive Award Plan.