Form 4: Dutch Bros Inc. Director Thomas James Davis Reports Stock Transactions
SEC Form 4
Director Thomas James Davis reports acquisition and vesting of restricted stock units in Dutch Bros Inc.
Summary
- On May 14, 2024, Thomas James Davis, a director of Dutch Bros Inc., reported transactions involving Class A Common Stock.
- Davis acquired 938 shares of Class A Common Stock through the vesting of restricted stock units at a price of $0.
- Following the transaction, Davis directly owns 9,293 shares of Class A Common Stock.
- Davis also acquired 3,049 restricted stock units, which will vest in future periods.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Positives
- The vesting of restricted stock units indicates continued alignment of the director's interests with those of the shareholders.
Future Outlook
The reporting person will continue to receive and vest in restricted stock units in the future, as per the vesting schedule.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider ownership and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Acquisition of shares through vesting of restricted stock units and grant of additional restricted stock units. |
| 05/15/2024 | Date of signature on the report. |
| 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 the Issuer's 2024 annual stockholder meeting, which occurred on May 14, 2024 and 25% of restricted stock units vested |
| 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 | 25% of restricted stock units will vest |
| Date of the Issuer's 2025 annual stockholder meeting | 25% of restricted stock units will vest |
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