Form 4: Mission Produce CEO's Share Vesting and Tax Sale

Mission Produce CEO Stephen Barnard reported the acquisition of 100,723 shares from a performance unit program and the disposition of 38,297 shares for tax obligations.

Summary

• Stephen J. Barnard, CEO and Director of Mission Produce, Inc. (AVO), reported transactions involving company common stock.
• On January 6, 2026, Mr. Barnard acquired 100,723 shares of common stock at a price of $0, representing shares earned from the Issuer's 2023-2025 Performance Share Unit (PSU) program.
• On January 7, 2026, 38,297 shares of common stock were disposed of at a price of $11.79 per share. These shares were withheld by Mission Produce to satisfy tax withholding obligations related to the vesting of the PSUs.
• Following these transactions, Mr. Barnard directly beneficially owns 255,905 shares.
• He also indirectly beneficially owns 1,784,794 shares through the Stephen J. Barnard GT Trust, 1,784,794 shares through the Shelly R. Barnard GT Trust, and 50,062 shares through Barnard Properties, LLC.

Sentiment

Score: 5

Explanation: This Form 4 reports routine insider transactions related to executive compensation (PSU vesting and tax withholding), which are expected and do not inherently indicate positive or negative sentiment about the company's future prospects.

Positives

• CEO Stephen J. Barnard earned 100,723 shares from the company's 2023-2025 Performance Share Unit program, indicating achievement of performance targets.

Negatives

• 38,297 shares were disposed of to cover tax withholding obligations, reducing the net shares received from the PSU vesting.

Future Outlook

NA

Management Comments

• The shares acquired represent the shares earned from the Issuer's 2023-2025 Performance Share Unit program.
• The disposed shares were withheld by the Issuer to satisfy the tax withholding obligations of the reporting person with respect to the vesting on January 6, 2026, of performance share units.
• Mr. Barnard and his spouse are co-trustees with shared power to vote and dispose of the shares held in the GT Trusts, and Mr. Barnard disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership is reported through the Stephen J. Barnard GT Trust, Shelly R. Barnard GT Trust, and Barnard Properties, LLC. Mr. Barnard and his spouse are co-trustees of the GT Trusts.

Stakeholder Impact

• Shareholders: Minor impact from routine insider share activity; indicates management's continued equity stake.
• Management: Stephen J. Barnard's compensation package includes performance-based equity, aligning his interests with shareholder value.

Key Dates

Keywords

Mission Produce, AVO, Stephen J. Barnard, CEO, Director, Insider Transaction, Form 4, Stock Vesting, Performance Share Units, Share Sale, Tax Withholding