Form 4: Monster Beverage Corp: Vice Chairman Hilton Schlosberg Reports Changes in Beneficial Ownership
SEC Form 4
Hilton Schlosberg, Vice Chairman and Co-CEO of Monster Beverage Corp, reports changes in his direct and indirect beneficial ownership of company stock and derivative securities following distributions and transfers.
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 stock.
- The report includes transactions from October 29, 2024, related to the distribution of shares from various Hilrod Holdings partnerships.
- Schlosberg's direct ownership of common stock increased due to distributions from Hilrod Holdings XXIII, XXIV, and XXV, L.P.
- He also indirectly owns shares through 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., Hilrod Holdings XXIV, L.P., Hilrod Holdings XXV, L.P., and Hilrod Holdings XXVI, L.P.
- The report also details Schlosberg's ownership of employee stock options with various exercise prices and expiration dates, as well as restricted stock units that vest over time.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings and transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Date of earliest transaction reported (stock distributions). |
| 03/13/2025 | Expiration date for some employee stock options. |
| 03/14/2025 | Vesting date for remaining and installment restricted stock units and expiration date for some employee stock options. |
| 03/14/2026 | Vesting date for installment restricted stock units and expiration date for some employee stock options. |
| 03/14/2027 | Vesting date for installment restricted stock units and 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. |
| 10/31/2024 | Date of the report. |
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