Form 4: Monster Beverage Corp Director Fayard Gary P Reports Stock Holdings
SEC Form 4
Director Fayard Gary P reports holdings in Monster Beverage Corp, including common stock and deferred stock units, as of April 5, 2024.
Summary
- Gary P Fayard, a director of Monster Beverage Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates holdings of 12,306 shares of common stock.
- Fayard also holds 2,932 restricted stock units, each representing a contingent right to receive one share of common stock or a cash equivalent.
- Additionally, 492 deferred stock units were credited to Fayard under the Monster Beverage Corporation Deferred Compensation Plan on April 5, 2024, at a price of $55.9 per unit.
- The total number of deferred stock units held after the transaction is 44,439.
- The deferred stock units are settled in stock and are generally payable upon a specified date, separation from the Board, or death, disability, or change in control.
Sentiment
Score: 5
Explanation: This is a routine filing of stock ownership, so the sentiment is neutral.
Future Outlook
The deferred stock units are settled in stock and are generally payable upon a specified date, separation from the Board, or death, disability, or change in control as defined under the Deferral Plan.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the stock ownership of company insiders. This filing indicates the holdings of a director in Monster Beverage Corp.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Deferred Compensation Plan | Deferred stock units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the 'Deferral Plan'), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, which may include voluntary deferred compensation. | 04/05/2024 | Deferred stock units credited under the Deferral Plan are settled (other than fractional units) 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. |
Stakeholder Impact
- Shareholders are informed about the stock holdings of a key director.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated |
| 04/05/2024 | Date of Earliest Transaction and crediting of 492 deferred stock units |
| 04/09/2024 | Date of Form 4 filing |
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