Form 4: Vita Coco Company COO Jonathan Burth Disposes of Shares to Cover Tax Obligations
SEC Form 4
Vita Coco Company's Chief Operating Officer, Jonathan Burth, disposed of 818 shares of common stock on March 10, 2025, to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On March 10, 2025, Jonathan Burth, the Chief Operating Officer of Vita Coco Company, disposed of 818 shares of common stock.
- The shares were disposed of to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units.
- The transaction was not a discretionary sale by Mr. Burth but was mandated by the Issuer.
- The price per share for the disposition was $34.4.
- Following the transaction, Mr. Burth directly owns 96,928 shares of Vita Coco Company.
- Mr. Burth also holds multiple non-qualified stock options with varying exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
Form 4 filings are standard practice for company insiders and provide transparency into their transactions in the company's stock. This filing indicates a routine transaction to cover tax obligations.
Comparison to Industry Standards
- Similar transactions are common among executives at publicly traded companies, especially around vesting events for equity compensation.
- Companies like PepsiCo (PEP) and Coca-Cola (KO), which operate in the broader beverage industry, also see regular Form 4 filings from their executives related to stock options and restricted stock units.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/27/2022 | Start date for vesting of stock option with exercise price of $15 in four equal annual installments. |
| 03/10/2024 | Start date for vesting of stock option with exercise price of $16.91 in four equal annual installments. |
| 08/15/2025 | Start date for vesting of stock option with exercise price of $15.36 in three equal annual installments. |
| 03/04/2025 | Start date for vesting of stock options with exercise prices of $26.18 and $33.36 in four equal annual installments. |
| 03/10/2025 | Date of transaction: Disposition of 818 shares of common stock to cover tax obligations. |
| 12/16/2029 | Expiration date of Non-Qualified Stock Option (right to buy) with exercise price of $10.178. |
| 02/10/2030 | Expiration date of Non-Qualified Stock Option (right to buy) with exercise price of $10.178. |
| 01/11/2031 | Expiration date of Non-Qualified Stock Option (right to buy) with exercise price of $10.178. |
| 10/21/2031 | Expiration date of Non-Qualified Stock Option (right to buy) with exercise price of $15. |
| 08/15/2032 | Expiration date of Non-Qualified Stock Option (right to buy) with exercise price of $15.36. |
| 03/10/2033 | Expiration date of Non-Qualified Stock Option (right to buy) with exercise price of $16.91. |
| 03/04/2034 | Expiration date of Non-Qualified Stock Option (right to buy) with exercise price of $26.18. |
| 03/04/2035 | Expiration date of Non-Qualified Stock Option (right to buy) with exercise price of $33.36. |
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