Form 4: Funko Inc. Acting CFO Yves Le Pendeven Settles Restricted Stock Units

Yves Le Pendeven, Acting CFO of Funko, Inc., settled 15,000 restricted stock units (RSUs) on March 29, 2024, resulting in the acquisition of 15,000 shares of Class A Common Stock.

Summary

• On March 29, 2024, Yves Le Pendeven, the Acting CFO of Funko, Inc., settled 15,000 restricted stock units (RSUs).
• This transaction resulted in the acquisition of 15,000 shares of Class A Common Stock.
• Following the transaction, Le Pendeven directly owns 32,117 shares of Class A Common Stock.
• The RSUs were granted on August 11, 2023, and vested in full on March 29, 2024, contingent upon continued employment with Funko, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and continued employment of the Acting CFO.

Positives

• The vesting of RSUs indicates that Yves Le Pendeven has remained employed with Funko, Inc. through the vesting date.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with shareholder value.
• The vesting schedule of these RSUs is typical, requiring continued employment through the vesting date.
• Similar companies like Mattel or Hasbro also use RSUs as part of their executive compensation plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the executive's interests with the company's performance.

Key Dates