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

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

Summary

• Teri L. Witteman, the Chief Legal Officer and Secretary of Beyond Meat, Inc., reported the sale of company stock.
• The sales were executed on November 29, 2024, and December 2, 2024.
• A total of 236 shares were sold on November 29 at a price of $4.98 per share.
• An additional 625 shares were sold on December 2 at a price of $4.96 per share.
• These transactions were to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Ms. Witteman beneficially owns 114,091 shares of Beyond Meat stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for corporate executives 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

• Stock sales by executives to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the timing of the sales are typical for this type of transaction.
• Similar transactions are regularly reported by executives at companies like Tyson Foods, Kellogg's, and other food industry peers.

Stakeholder Impact

• The stock sales by the Chief Legal Officer are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

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