Form 4: Kristin E. Frank Receives Stock Grant in Beachbody Company, Inc.

Kristin E. Frank, a director of Beachbody Company, Inc., received a grant of 8,064 restricted stock units convertible to Class A Common Stock.

Summary

• Kristin E. Frank, a director of Beachbody Company, Inc., reported a transaction on June 4, 2024.
• Frank received 8,064 restricted stock units (RSUs) which convert into shares of Class A Common Stock on a one-for-one basis.
• The RSUs 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.
• Following the transaction, Frank beneficially owns 12,719 shares of Class A Common Stock.
• The report was filed on June 6, 2024, by Jonathan Gelfand, Attorney-in-Fact for Kristin E. Frank.

Sentiment

Score: 7

Explanation: The document reflects a routine grant of stock units, indicating a positive but not overly enthusiastic sentiment. It suggests confidence in the director's continued service and alignment with company goals.

Positives

• The grant of RSUs to a director aligns their interests with the company's performance.
• The vesting schedule incentivizes continued service with the company.

Future Outlook

The vesting of the RSUs is contingent upon continued service, suggesting an expectation of Frank's continued involvement with the company.

Industry Context

This is a standard practice for compensating and incentivizing directors in publicly traded companies.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes the director to contribute to the company's long-term success.

Key Dates