Monster Beverage (MNST) executive gets stock grants and options, covers taxes
Rhea-AI Filing Summary
Monster Beverage Corp executive Carling Guy reported a series of routine equity compensation events. On March 13, he received 27,200 shares of common stock, 5,900 restricted stock units and employee stock options for 17,700 shares at an exercise price of $77.11 per share, expiring in 2036.
On March 12 and 14, previously granted restricted stock units covering 9,090 shares were converted into common stock. To cover tax obligations, a total of 17,420 shares were withheld at prices between $76.99 and $77.11 per share. Following these transactions, Guy directly holds 40,863 shares of Monster Beverage common stock. The filing also lists existing vested and unvested stock options and restricted stock units with future vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 18,870 shares
Net Buy
22 txns
Insider
Carling Guy
Role
CEO, EMEA and OSP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,400 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,360 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 900 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,750 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,400 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,360 | $0.00 | $0.00 |
| Exercise | Common Stock | 900 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,750 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,557 | $77.05 | $274K |
| Grant/Award | Employee Stock Option (right to buy) | 17,700 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5,900 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 27,200 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,056 | $77.11 | $1.01M |
| Exercise | Restricted Stock Units | 1,680 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,680 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 807 | $76.99 | $62K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 17,700 shares (Direct);
Restricted Stock Units — 23,470 shares (Direct);
Common Stock — 40,863 shares (Direct)
Footnotes (17)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock as of the vesting date. Accordingly, these restricted stock units were settled in shares of common stock.
- F2. Received upon the achievement of the vesting criteria applicable to performance share units granted under the Monster Beverage Corporation 2020 Omnibus Incentive Plan (the "2020 Omnibus Incentive Plan"), achievement of which was certified by the Compensation Committee of the Company's Board of Directors. Each performance share unit represents a contingent right to receive one share of the Company's common stock as of the applicable vesting date.
- F3. The options are currently vested.
- F4. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- F5. The options are currently vested with respect to 11,500 shares. The remaining options vest on March 14, 2027.
- F6. The options are currently vested with respect to 9,000 shares. The remaining options vest in two installments as follows: 5,000 shares on March 14, 2027 and 6,000 shares on March 14, 2028.
- F7. The options are currently vested with respect to 4,500 shares. The remaining options vest in three installments as follows: 3,600 shares on March 14, 2027; 4,500 shares on March 14, 2028 and 5,400 shares on March 14, 2029.
- F8. The options are currently vested with respect to 5,250 shares. The remaining options vest in three equal installments on March 14, 2027, March 14, 2028 and March 14, 2029.
- F9. The options vest in four equal installments on March 13, 2027, March 13, 2028, March 13, 2029 and March 13, 2020.
- F10. The restricted stock units were granted under the 2020 Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock as of the vesting date.
- F11. The restricted stock units are fully vested.
- F12. Not applicable.
- F13. The remaining restricted stock units vest on March 14, 2027.
- F14. The remaining restricted stock units vest in two installments as follows: 1,700 units on March 14, 2027 and 2,040 units on March 14, 2028.
- F15. The remaining restricted stock units vest in three installments as follows: 1,200 units on March 14, 2027; 1,500 units on March 14, 2028 and 1,800 units on March 14, 2029.
- F16. The remaining restricted stock units vest in three equal installments on March 14, 2027, March 14, 2028 and March 14, 2029.
- F17. The restricted stock units vest in four equal installments on March 13, 2027, March 13, 2028, March 13, 2029 and March 13, 2020.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Monster Beverage (MNST) executive Carling Guy report?
Carling Guy reported option grants, stock awards, and related tax withholdings. He received common shares, restricted stock units, and stock options, while some shares were withheld by Monster Beverage to satisfy tax liabilities tied to these equity compensation events.
What new stock options did Carling Guy receive from Monster Beverage (MNST)?
Carling Guy received employee stock options for 17,700 Monster Beverage shares with a $77.11 exercise price, expiring in 2036. These options were granted as part of his compensation and give him the right to buy shares at that fixed price if exercised later.
What happened to Carling Guy’s restricted stock units in this Monster Beverage filing?
Previously granted restricted stock units vested and were settled in 9,090 Monster Beverage common shares. Additional new restricted stock units totaling 5,900 units were granted, which represent contingent rights to receive common shares as they vest over future scheduled dates.
Does the Monster Beverage Form 4 indicate any performance-based awards for Carling Guy?
Yes. A footnote explains that certain shares were received upon achievement of vesting criteria for performance share units under Monster Beverage’s 2020 Omnibus Incentive Plan, after certification by the board’s Compensation Committee that the specified performance conditions had been met.