Form 4: Monster Beverage Corp Director Vidergauz Reports Stock Unit Settlement
SEC Form 4
Director Mark Vidergauz reports the settlement of deferred stock units for common stock in Monster Beverage Corp.
Summary
- On January 8, 2025, Mark Vidergauz, a director of Monster Beverage Corp, settled 2,932 deferred stock units for an equal number of shares of the company's common stock.
- These deferred stock units were credited to him under the Monster Beverage Corporation Deferred Compensation Plan.
- Vidergauz also holds 3,592 restricted stock units, which represent a contingent right to receive one share of the company's common stock or a cash amount equal to the number of shares received as of the vesting date.
- These restricted stock units vest 100% on the last business day prior to the company's 2025 annual stockholder meeting, provided he remains a director through that date.
- Following the reported transaction, Vidergauz directly owns 61,099 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by a company director, with no inherent positive or negative implications for the company's performance.
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.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in the director's holdings of company stock.
Key Dates
| Date | Description |
|---|---|
| February 23, 2022 | Date of the Amended and Restated Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors. |
| January 8, 2025 | Date of the transaction where 2,932 deferred stock units were settled for common stock. |
| 01/08/2025 | Date deferred stock units were settled. |
| 01/10/2025 | Date of signature by attorney-in-fact. |
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