Form 4: Dutch Bros Inc. Director Kathryn George Reports Stock Transactions
SEC Form 4
Director Kathryn George reports the vesting and acquisition of restricted stock units in Dutch Bros Inc.
Summary
- Kathryn George, a director of Dutch Bros Inc., reported transactions involving Class A Common Stock.
- On May 14, 2024, 938 restricted stock units vested, converting into 938 shares of Class A Common Stock.
- Additionally, Ms. George acquired 3,049 restricted stock units on the same day.
- Following these transactions, Ms. George directly owns 9,293 shares of Class A Common Stock and 3,049 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company director, reflecting standard compensation practices.
Future Outlook
Future vesting dates for the acquired restricted stock units are outlined, with the final vesting date occurring no later than June 30, 2025, or the date of the 2025 annual stockholder meeting.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding director stock ownership.
- The vesting of restricted stock units is part of the director's compensation package.
Key Dates
| Date | Description |
|---|---|
| September 30, 2023 | 25% of restricted stock units vested |
| December 31, 2023 | 25% of restricted stock units vested |
| March 31, 2024 | 25% of restricted stock units vested |
| May 14, 2024 | Date of transaction; 25% of restricted stock units vested and annual stockholder meeting occurred |
| May 15, 2024 | Date of signature |
| September 30, 2024 | 25% of restricted stock units will vest |
| December 31, 2024 | 25% of restricted stock units will vest |
| March 31, 2025 | 25% of restricted stock units will vest |
| June 30, 2025 | Remaining 25% of restricted stock units will vest, or earlier if the Issuer's 2025 annual stockholder meeting occurs before this date |
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