Form 4: Mission Produce CEO Stephen Barnard Reports Stock Disposals to Cover Tax Obligations

CEO Stephen Barnard of Mission Produce, Inc. reports disposing of shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Stephen Barnard, CEO of Mission Produce, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On January 3, 2025, 10,216 shares of common stock were disposed of to cover tax obligations at a price of $14.1 per share.
• On January 5, 2025, an additional 7,370 shares were disposed of for the same reason, also at $14.1 per share.
• Following these transactions, Barnard directly owns 163,803 shares.
• Barnard also indirectly owns 1,784,794 shares through the Stephen J. Barnard GT Trust and the Shelly R. Barnard GT Trust, and 50,062 shares through Barnard Properties, LLC.
• Barnard disclaims beneficial ownership of the shares held in the GT Trusts, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.

Management Comments

• Mr. Barnard disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The disposal of shares could have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates