Form 4: Monster Beverage Corp. Executive Hilton Schlosberg Reports Stock Transactions
SEC Form 4 Filing
Hilton Schlosberg, Vice Chairman and Co-CEO of Monster Beverage Corp., reports changes in beneficial ownership of company stock and derivative securities.
Summary
- Hilton Schlosberg, Vice Chairman and Co-CEO of Monster Beverage Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report includes transactions related to common stock and employee stock options.
- Schlosberg directly owns 1,874,558 shares of common stock.
- He also has indirect ownership through various limited partnerships, including Brandon Limited Partnership No. 1 and No. 2, and Hilrod Holdings XV, XVIII, XXIII, XXIV, XXV, and XXVI, L.P.
- The report details holdings of employee stock options with various exercise prices and expiration dates, as well as restricted stock units that vest over time.
- A gift of 1,000 shares of common stock was reported on September 12, 2024, at a price of $0.
- The reporting person disclaims beneficial ownership of securities held by the limited partnerships except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It's common for executives to hold stock options and restricted stock units as part of their compensation packages.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and exercise prices of the options are typical for executive compensation plans.
- Comparing the size of Schlosberg's holdings and option grants to those of executives at comparable companies like PepsiCo or Coca-Cola would provide further context.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key executive.
- It can influence investor sentiment depending on the nature and size of the transactions.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of transaction (gift of common stock) |
| 09/13/2024 | Date of signature for the report |
| 03/13/2025 | Expiration date for some employee stock options |
| 03/14/2026 | Expiration date for some employee stock options |
| 03/14/2027 | Expiration date for some employee stock options |
| 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 |
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