Form 4: Monster Beverage Corp Director Ana Demel Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Ana Demel reported the acquisition of deferred stock units in Monster Beverage Corp under the company's deferred compensation plan.
Summary
- Ana Demel, a director of Monster Beverage Corp, filed a Form 4 disclosing changes in beneficial ownership.
- The report indicates the acquisition of 432 deferred stock units on October 7, 2024, at a price of $49.24.
- These units were credited under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors.
- Demel also holds 3,592 restricted stock units and 11,446 deferred stock units.
- The restricted stock units vest on the last business day prior to the company's 2025 annual stockholder meeting, contingent on continued service as a director.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. The acquisition of deferred stock units is a common practice and doesn't inherently indicate positive or negative sentiment.
Future Outlook
The deferred stock units are settled in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board of Directors of the Company separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common among publicly traded companies. It provides transparency regarding the alignment of director interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on stakeholders by aligning the director's interests with those of the shareholders through equity ownership.
Key Dates
| Date | Description |
|---|---|
| February 23, 2022 | Date of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated. |
| October 07, 2024 | Date of transaction: Acquisition of 432 deferred stock units. |
| October 09, 2024 | Date of Form 4 filing. |
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