Monster Beverage director receives RSU, deferral awards
Monster Beverage Corp director Tiffany M. Hall reported compensation-related equity awards and an option exercise.
Rhea-AI Filing Summary
Monster Beverage Corp director Tiffany M. Hall reported compensation-related equity awards and an option exercise. She received 2,039 restricted stock units (RSUs) that vest in full on the last business day before the company’s 2027 annual stockholder meeting, subject to her continued board service.
She also exercised 2,748 RSUs into common stock at a conversion price of $0.00 and elected to defer the resulting shares into 2,748 deferred stock units, which are economically equivalent to common shares and will be settled in stock under the company’s deferred compensation plan for non-employee directors.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,039 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,748 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 2,748 | $0.00 | $0.00 |
Footnotes (7)
- F1. Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date. These restricted stock units were settled as shares of common stock and the reporting person has elected to defer the same. See footnote 6 below.
- F2. Not applicable.
- F3. Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.
- F4. The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2027 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.
- F5. Each deferred stock unit is economically equivalent to one share of the Company's common stock.
- F6. Deferred stock units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, which may include voluntary deferred compensation.
- F7. The deferred stock units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board of Directors of the Company separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.
Key Figures
Key Terms
Restricted Stock Units financial
Deferred Stock Units financial
Deferred Compensation Plan for Non-Employee Directors financial
Change in control financial
Derivative security financial
FAQ
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What did Monster Beverage (MNST) director Tiffany M. Hall report in this Form 4?
How many Monster Beverage RSUs were granted to Tiffany M. Hall?
When do Tiffany M. Hall’s new Monster Beverage RSUs vest?
What are the 2,748 deferred stock units reported for Monster Beverage (MNST)?
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