Form 4: Beyond Meat CFO Lubi Kutua Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Lubi Kutua, CFO and Treasurer of Beyond Meat, disposed of 65 shares of common stock on May 28, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On May 28, 2024, Lubi Kutua, the CFO and Treasurer of Beyond Meat, disposed of 65 shares of the company's common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units previously granted under the 2018 Equity Incentive Plan.
- The shares were disposed of at a price of $7.17 per share.
- Following the transaction, Kutua directly owns 203,499 shares of Beyond Meat common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant impact on the company's outlook.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of stock disposal transaction |
| 05/30/2024 | Date of signature for the Form 4 filing |
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