Form 4: Dutch Bros Inc. Director Ann M. Miller Reports Stock Transactions
SEC Form 4 Filing
Director Ann M. Miller reports the vesting and conversion of restricted stock units into Class A Common Stock of Dutch Bros Inc.
Summary
- On March 31, 2024, Ann M. Miller, a director of Dutch Bros Inc., reported a transaction involving restricted stock units.
- 938 restricted stock units vested and were converted into 938 shares of Class A Common Stock.
- Following the transaction, Miller directly owns 5,558 shares of Class A Common Stock and 938 restricted stock units.
- The restricted stock units vest in installments, with the final 25% vesting on the earlier of June 30, 2024, or the date of the Issuer's 2024 annual stockholder meeting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency into their holdings and trading activities.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: vesting of restricted stock units and conversion to Class A Common Stock |
| 04/02/2024 | Date of report filing |
| 09/30/2023 | 25% of restricted stock units vested |
| 12/31/2023 | 25% of restricted stock units vested |
| 03/31/2024 | 25% of restricted stock units vested |
| 06/30/2024 | Final 25% of restricted stock units will vest, or earlier if the Issuer's 2024 annual stockholder meeting occurs before this date |
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