Form 4: Beyond Meat CEO Ethan Brown Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Ethan Brown, CEO of Beyond Meat, disposed of 438 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On September 12, 2024, Ethan Brown, the President and CEO of Beyond Meat, disposed of 438 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock units previously awarded under the 2018 Equity Incentive Plan.
- The shares were disposed of at a price of $6.3 per share.
- Following the transaction, Ethan Brown directly owns 1,222,115 shares of Beyond Meat common stock.
- He also indirectly owns 639,881 shares through the Brown Asset Holding LLC, which is wholly owned by the Ethan Brown 2022 GRAT.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for executives who receive stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the transaction where Ethan Brown disposed of shares. |
| 09/16/2024 | Date of signature for the Form 4 filing. |
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