Form 4: Beachbody Company Director Michael Heller Reports Acquisition of Deferred Restricted Stock Units

Director Michael Heller reported the acquisition of 8,064 deferred restricted stock units in Beachbody Company, Inc.

Summary

• On June 4, 2024, Michael Heller, a director of Beachbody Company, Inc., acquired 8,064 deferred restricted stock units (DSUs).
• These DSUs are part of the director's Deferred Compensation Plan.
• The DSUs vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting, contingent upon continued service with the company.
• Payment of the DSUs may be made in cash or stock at the company's election and will occur within 45 days following separation from service, death, disability, or a change in control.
• The price of the derivative security is $0.
• Following the transaction, Heller directly owns 8,064 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a standard compensation transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The DSUs will vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting following the grant date, subject to continued service with the Company through such date.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to company directors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to director compensation and equity dilution.

Key Dates