Form 4: Vita Coco CFO Corey Baker Disposes of Shares to Cover Tax Obligations

Corey Baker, CFO of Vita Coco Company, Inc., disposed of shares to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.

Summary

• Corey Baker, the Chief Financial Officer of Vita Coco Company, Inc., reported the disposition of common stock on March 10, 2025, to cover tax withholding obligations.
• A total of 4,737 shares were disposed of at a price of $34.4 per share.
• These transactions were mandated by the issuer and do not represent discretionary transactions by the reporting person.
• Baker also holds several non-qualified stock options with varying exercise prices and vesting schedules.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation and does not contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily indicate a change in the company's overall performance or outlook.

Comparison to Industry Standards

• Executive compensation practices, including stock options and restricted stock units, are common across publicly traded companies, particularly in the consumer goods sector.
• Companies like National Beverage Corp. (FIZZ) and Keurig Dr Pepper (KDP) also utilize similar equity-based compensation plans for their executives.
• The vesting schedules and exercise prices of the stock options are within the typical range observed in the industry.

Stakeholder Impact

• The stock disposition has a minimal impact on shareholders as it is related to tax obligations and does not represent a significant change in ownership.
• The vesting of stock options and restricted stock units incentivizes the CFO to contribute to the company's long-term success.

Key Dates