Form 4: Monster Beverage Corp Director Fayard Reports Stock Holdings

Director Gary P Fayard reports holdings in Monster Beverage Corp, including common stock and deferred stock units, as of October 7, 2024.

Summary

• Gary P Fayard, a director of Monster Beverage Corp, filed a Form 4 detailing his beneficial ownership of the company's securities.
• As of October 7, 2024, Fayard directly owns 12,306 shares of common stock.
• He also holds 3,592 restricted stock units, which vest on the last business day prior to the company's 2025 annual stockholder meeting, contingent upon his continued service as a director.
• Additionally, Fayard acquired 558 deferred stock units on October 7, 2024, under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors, at a price of $49.24 per unit.
• Following this transaction, he beneficially owns 48,477 deferred stock units.
• These deferred stock units are generally settled in stock upon a specified date, separation from the Board, or upon death, disability, or change in control.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a director's stock holdings, indicating a neutral sentiment.

Future Outlook

The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2025 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date. The 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.

Industry Context

This filing is a routine disclosure of a director's stock holdings, which is common practice for publicly traded companies. It provides transparency to investors regarding the financial interests of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's stake in the company.
• The vesting of restricted stock units incentivizes the director to remain with the company.

Key Dates