Zevia (NYSE: ZVIA) awards director 72,464 RSUs vesting by 2027
Rhea-AI Filing Summary
Spence Padraic L. reported acquisition or exercise transactions in this Form 4 filing.
Zevia PBC director Padraic L. Spence received a grant of 72,464 restricted stock units (RSUs) of Class A Common Stock. The award was granted at no cash cost under the Zevia PBC 2021 Equity Incentive Plan.
Each RSU represents the right to receive one share of Class A Common Stock. The RSUs vest on the earlier of June 10, 2027 or Zevia’s 2027 annual meeting of stockholders and are settled within 30 days after vesting. Following this grant, Spence’s reported direct holdings, including these RSUs, total 1,627,881 shares and RSUs, reflecting a compensation-related equity award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 72,464 shares
Net Buy
1 txn
Insider
Spence Padraic L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 72,464 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 1,627,881 shares (Direct)
Footnotes (2)
- F1. Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs vest on the earlier to occur of (i) June 10, 2027 or (ii) the Issuer's 2027 annual meeting of stockholders and are settled within 30 days following such vesting date.
- F2. Includes 72,464 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 72,464 RSUs vest on the earlier to occur of (i) June 10, 2027, or (ii) the Issuer's 2027 annual meeting of stockholders and are settled within 30 days following such vesting date.
Key Figures
RSUs granted: 72,464 units
Grant price per RSU: $0.00 per unit
Holdings after grant: 1,627,881 shares and RSUs
+2 more
5 metrics
RSUs granted
72,464 units
Grant of RSUs to director Padraic L. Spence
Grant price per RSU
$0.00 per unit
Stock-based compensation, no cash paid by director
Holdings after grant
1,627,881 shares and RSUs
Total direct holdings following RSU award
Vesting date trigger
June 10, 2027
Earlier of this date or 2027 annual meeting
Settlement window
Within 30 days
Settlement in stock after RSUs vest
Key Terms
restricted stock units ("RSUs"), Zevia PBC 2021 Equity Incentive Plan, vest, settled, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Zevia PBC 2021 Equity Incentive Plan financial
"Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan."
vest financial
"The RSUs vest on the earlier to occur of (i) June 10, 2027 or (ii) the Issuer's 2027 annual meeting of stockholders."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"The RSUs vest ... and are settled within 30 days following such vesting date."
Class A Common Stock financial
"Each RSU represents the right to receive one share of Class A Common Stock of the Issuer."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Zevia (ZVIA) director Padraic Spence report in this Form 4?
Padraic L. Spence reported receiving 72,464 restricted stock units (RSUs) of Zevia Class A Common Stock. The grant is a compensation award under the 2021 Equity Incentive Plan, not an open-market share purchase or sale.
How many Zevia (ZVIA) RSUs were granted to Padraic Spence and at what price?
Spence was granted 72,464 RSUs at a reported price of $0.00 per unit. This indicates a stock-based compensation award rather than a cash purchase, consistent with typical director equity compensation programs.
When do Padraic Spence’s Zevia (ZVIA) RSUs vest and settle?
The 72,464 RSUs vest on the earlier of June 10, 2027 or Zevia’s 2027 annual stockholder meeting. They are then settled in Class A Common Stock within 30 days following the applicable vesting date, according to the filing.
What are Padraic Spence’s total Zevia (ZVIA) holdings after this RSU grant?
After the grant, Spence’s reported direct holdings total 1,627,881 shares and RSUs of Zevia Class A Common Stock. This figure includes the 72,464 newly granted RSUs and reflects his equity stake following the award.
Under which plan were the Zevia (ZVIA) RSUs granted to Padraic Spence?
The 72,464 RSUs were granted under the Zevia PBC 2021 Equity Incentive Plan. This plan provides equity-based compensation, and each RSU represents the right to receive one share of Zevia Class A Common Stock upon vesting and settlement.
Is Padraic Spence’s Zevia (ZVIA) RSU grant an open-market transaction?
No, the RSU grant is not an open-market transaction. It is a compensation-related equity award reported with transaction code A, indicating a grant or award acquisition rather than a market purchase or sale of existing shares.