Form 4: Mission Produce Director and 10% Owner, Luis Gonzalez, Reports Changes in Beneficial Ownership

Luis Gonzalez, a director and 10% owner of Mission Produce, Inc., reports acquisition and disposal of common stock due to RSU vesting and tax withholding.

Summary

• On April 10, 2025, Luis Gonzalez, a director and 10% owner of Mission Produce, Inc. (AVO), reported changes in beneficial ownership of the company's common stock.
• Gonzalez acquired 10,902 shares of common stock through the vesting of restricted stock units (RSUs) granted under the Non-Employee Director Compensation Program.
• The RSUs vest fully on the earlier of the one-year anniversary of the grant date or the date of the next Annual Meeting, contingent upon continued service.
• The issuer withheld 2,543 shares to satisfy tax withholding obligations related to the RSU vesting at a price of $9.74 per share.
• Following these transactions, Gonzalez directly owns 40,782 shares and indirectly owns 7,175,319 shares through Beldar Enterprises, 310,000 shares through Corp SA 1, 256,722 shares through Corp SA 2, 310,000 shares through Corp SA 3, and 111,000 shares through Corp SA 4.
• Rosario Del Pilar Vallejos Hinojosa also reported changes in beneficial ownership due to the same transactions.
• Both Gonzalez and Vallejos Hinojosa share power to vote and dispose of shares held by Beldar Enterprises, Corp SA 1, Corp SA 2, Corp SA 3, and Corp SA 4.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to director compensation and tax obligations, indicating a neutral to slightly positive sentiment as it reflects standard corporate governance practices.

Positives

• The vesting of RSUs indicates continued alignment of director compensation with company performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for board members.

Comparison to Industry Standards

• RSU grants are a common form of equity compensation for directors in publicly traded companies, aligning their interests with those of shareholders.
• Tax withholding on RSU vesting is a standard practice to cover the tax liabilities of the recipient.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to director compensation and tax obligations.
• Transparency in insider transactions can contribute to investor confidence.

Key Dates

Keywords

Mission Produce, AVO, Luis Gonzalez, Rosario Del Pilar Vallejos Hinojosa, Beneficial Ownership, Form 4, RSU, Restricted Stock Units, Director, 10% Owner, Tax Withholding