Form 4: Beyond Meat Executive Witteman Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Teri L. Witteman, Chief Legal Officer and Secretary of Beyond Meat, disposed of 626 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, Teri L. Witteman, Chief Legal Officer and Secretary of Beyond Meat, disposed of 626 shares of Beyond Meat's 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 $5.99 per share.
- Following the transaction, Witteman directly owns 115,303 shares of Beyond Meat common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is a common occurrence where shares are sold to cover tax liabilities associated with stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock disposal transaction |
| 09/05/2024 | Date of signature on the Form 4 filing |
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