Form 4: Beachbody Director Kristin Frank Receives Deferred Restricted Stock Units as Compensation

Kristin E. Frank, a Director at The Beachbody Company, Inc. (BODI), has been granted 9,536 Deferred Restricted Stock Units (DSUs) as part of her compensation, aligning her interests with shareholder value.

Summary

• Kristin E. Frank, a Director of The Beachbody Company, Inc. (BODI), acquired 9,536 Deferred Restricted Stock Units (DSUs) on June 4, 2025.
• These DSUs were granted at a price of $0, which is typical for equity compensation.
• Following this transaction, Ms. Frank beneficially owns 9,536 DSUs directly.
• The DSUs represent the right to receive 9,536 shares of Class A Common Stock.
• Payment of these DSUs may be made in whole or in part in cash at the Issuer's election and will occur within 45 days following the earliest of the director's separation from service, death, disability, or a change in control.
• The DSUs 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.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the grant of equity compensation to a director aligns their interests with shareholders, which is generally viewed favorably for corporate governance and long-term value creation. It is a routine compensation event, not indicative of significant operational changes.

Positives

• The grant of Deferred Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• This form of compensation is a standard practice for retaining and incentivizing key board members.

Future Outlook

The Deferred Restricted Stock Units are subject to vesting conditions, which include the earlier of the first anniversary of the grant date or the date of the next annual meeting following the grant date, contingent upon continued service. Payment will occur upon specific future events such as separation from service or a change in control.

Industry Context

The grant of equity-based compensation, such as Deferred Restricted Stock Units, to directors is a common practice across publicly traded companies, particularly in the health and fitness or consumer discretionary sectors like Beachbody. This mechanism is widely used to align the long-term interests of board members with those of the company's shareholders, fostering commitment to sustained performance and strategic growth.

Comparison to Industry Standards

• The use of Deferred Restricted Stock Units (DSUs) as director compensation is a standard practice observed across various industries, including consumer discretionary and technology sectors, where companies like Peloton Interactive, Inc. or Nautilus, Inc. also utilize equity grants to incentivize and retain board members.
• The vesting schedule, tied to continued service and either an annual anniversary or the next annual meeting, is a typical structure for such grants, comparable to compensation plans at companies of similar market capitalization and industry focus.
• The grant price of $0 for DSUs is standard, as these units represent a future right to shares rather than an immediate purchase.

Corporate Governance

Related Party Transactions

• The grant of Deferred Restricted Stock Units to Kristin E. Frank, a director, constitutes a related party transaction as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's interests with shareholders, potentially leading to more focused efforts on long-term stock performance.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The DSUs will vest on the earlier of June 4, 2026 (first anniversary of grant date) or the date of the next annual meeting following the grant date, subject to Kristin E. Frank's continued service.
• Payment of the DSUs will occur within 45 days following specific triggering events such as separation from service, death, disability, or a change in control.

Key Dates

Keywords

Beachbody Company, BODI, Kristin E. Frank, Form 4, SEC filing, insider transaction, deferred restricted stock units, DSUs, equity compensation, director compensation, corporate governance