Form 4: Beyond Meat Chief Legal Officer Sells Shares to Cover Tax Obligations

Teri L. Witteman, Chief Legal Officer and Secretary of Beyond Meat, sold 80 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Teri L. Witteman, the Chief Legal Officer and Secretary of Beyond Meat, sold 80 shares of the company's common stock on December 12, 2024.
• The sale was executed at a price of $3.91 per share.
• This transaction was to cover tax obligations related to the vesting of previously awarded restricted stock units.
• Following the transaction, Witteman directly owns 114,011 shares of Beyond Meat common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for corporate officers who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions when these units vest.
• The number of shares sold and the price are not unusual for this type of transaction.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Beyond Meat, BYND, Teri L. Witteman, Chief Legal Officer, stock sale, insider trading, restricted stock units, tax obligations