Form 4: Monster Beverage Corp. Executive Hilton Schlosberg Reports Stock Transactions and Holdings
SEC Form 4
Hilton Schlosberg, Vice Chairman and Co-CEO of Monster Beverage Corp., filed a Form 4 detailing changes in his beneficial ownership of company stock and derivative securities.
Summary
- Hilton Schlosberg, Vice Chairman and Co-CEO of Monster Beverage Corp., reported changes in his beneficial ownership of company stock.
- The report includes both direct and indirect holdings of common stock and various employee stock options.
- Schlosberg's direct holdings include 2,234,348 shares of common stock.
- His indirect holdings are through several limited partnerships, including Brandon Limited Partnership No. 1, Brandon Limited Partnership No. 2, Hilrod Holdings XV, L.P., Hilrod Holdings XVIII, L.P., Hilrod Holdings XXIII, L.P., and Hilrod Holdings XXVI, L.P.
- The report also details numerous employee stock options with varying exercise prices and vesting schedules.
- These options have exercise prices ranging from $21.99 to $60.30 and expire between 2025 and 2034.
- The report also includes restricted stock units that vest over several years.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not contain any information that would indicate positive or negative sentiment. It is a neutral disclosure of transactions and holdings.
Industry Context
This filing is a routine disclosure of executive stock ownership and transactions, which is common for publicly traded companies. It provides transparency into the holdings of key personnel.
Comparison to Industry Standards
- Executive stock ownership and option grants are standard practice in publicly traded companies like Monster Beverage Corp.
- The vesting schedules and option terms are typical for executive compensation packages.
- Companies like Coca-Cola (KO) and PepsiCo (PEP) also have similar reporting requirements for their executives' stock holdings.
- The use of limited partnerships for indirect ownership is a common strategy for managing personal investments.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive ownership.
- It does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | Date of the earliest transaction reported in the filing. |
| 12/17/2024 | Date the form was signed by Paul J. Dechary, attorney-in-fact. |
| 03/13/2025 | Vesting date for some employee stock options and restricted stock units. |
| 03/14/2025 | Vesting date for some employee stock options and restricted stock units. |
| 03/14/2026 | Vesting date for some employee stock options and restricted stock units. |
| 03/14/2027 | Vesting date for some employee stock options and restricted stock units. |
| 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. |
Keywords
Monster Beverage Corp, Hilton Schlosberg, Form 4, Beneficial Ownership, Stock Options, Restricted Stock Units, Executive Holdings, MNST
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