Form 4: Monster Beverage Corp: Chairman and Co-CEO Rodney Sacks Reports Changes in Beneficial Ownership
SEC Form 4
Rodney Sacks, Chairman and Co-CEO of Monster Beverage Corp, reports changes in his direct and indirect beneficial ownership of company stock and derivative securities following distributions, transfers, and vesting of options and restricted stock units.
Summary
- Rodney Sacks, Chairman and Co-CEO of Monster Beverage Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities on October 29, 2024.
- The reported transactions include the distribution of shares from various Hilrod Holdings partnerships, resulting in an increase in directly owned shares.
- Sacks also received shares through in-kind annuity payments and direct transfers as a general partner of Hilrod Holdings entities.
- The filing also covers holdings of common stock and employee stock options, including those held directly and indirectly through various limited partnerships.
- The filing details the vesting schedules for various employee stock options and restricted stock units granted under the Monster Beverage Corporation 2020 Omnibus Incentive Plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their potential impact on stock prices.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a key executive.
- The vesting of stock options and restricted stock units may incentivize management performance.
Key Dates
| Date | Description |
|---|---|
| 1934 | Securities Exchange Act of 1934 |
| 1940 | Investment Company Act of 1940 |
| 03/13/2025 | Expiration date for some employee stock options. |
| 03/14/2025 | Vesting date for remaining options and restricted stock units. |
| 03/14/2026 | Expiration date for some employee stock options and vesting date for restricted stock units. |
| 03/14/2027 | Expiration date for some employee stock options and vesting date for restricted stock units. |
| 03/14/2028 | Expiration date for some employee stock options. |
| 03/14/2029 | Expiration date for some employee stock options. |
| 03/13/2030 | Expiration date for some employee stock options. |
| 03/12/2031 | Expiration date for some employee stock options. |
| 03/14/2032 | Expiration date for some employee stock options. |
| 03/14/2033 | Expiration date for some employee stock options. |
| 03/14/2034 | Expiration date for some employee stock options. |
| 10/29/2024 | Date of earliest transaction reported. |
| 10/31/2024 | Date of the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.