Form 4: Beyond Meat Chief Legal Officer Reports Routine Share Disposition for Tax Purposes

Beyond Meat's Chief Legal Officer, Teri L. Witteman, reported the disposition of 236 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Teri L. Witteman, Chief Legal Officer and Secretary of Beyond Meat, Inc. (BYND), filed a Form 4 reporting a transaction on May 28, 2025.
• The transaction involved the disposition of 236 shares of Beyond Meat common stock.
• These shares were withheld by the company to satisfy tax obligations arising from the vesting of previously awarded restricted stock units (RSUs) under the 2018 Equity Incentive Plan.
• The shares were valued at $3.03 per share for the purpose of this tax withholding.
• Following this transaction, Ms. Witteman beneficially owns 106,384 shares of Beyond Meat common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to tax withholding on vested equity compensation, which has no direct positive or negative implications for the company's operational performance or future prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The shares were withheld to pay taxes applicable to vesting of restricted stock units previously awarded pursuant to the 2018 Equity Incentive Plan.

Industry Context

This Form 4 filing reports a routine insider transaction common among publicly traded companies where executives receive equity compensation. The disposition of shares for tax withholding upon RSU vesting is a standard, non-discretionary event and does not reflect a strategic shift or broader industry trend.

Comparison to Industry Standards

• The reported transaction is a standard practice for executives in public companies across various industries who receive equity-based compensation, such as restricted stock units (RSUs). When RSUs vest, a portion of the shares is typically withheld by the company to cover the executive's tax obligations, similar to how income tax is withheld from a salary. This is a common and expected event and does not indicate any unusual activity compared to peers like Impossible Foods (private), Oatly Group AB (OTLY), or Tattooed Chef, Inc. (TTCF, now delisted).

Stakeholder Impact

• Shareholders: The transaction represents a minor, non-discretionary reduction in an executive's direct shareholding, which is a routine event and not indicative of a change in management's confidence or company performance.

Key Dates

Recommendation

Keywords

Beyond Meat, BYND, Form 4, insider transaction, stock disposition, restricted stock units, RSU vesting, tax withholding, executive compensation