Form 4: Director David J. Lee Receives Zevia PBC Equity Grant

Zevia PBC Director David J. Lee was granted 72,464 restricted stock units as part of the company's 2021 Equity Incentive Plan.

Summary

• Director David J. Lee acquired 72,464 restricted stock units (RSUs) on June 10, 2026.
• The grant was issued under the Zevia PBC 2021 Equity Incentive Plan.
• Each RSU represents the right to receive one share of Class A Common Stock.
• Following this transaction, the director's total beneficial ownership is 279,961.547 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• The grant results in potential future dilution for existing shareholders upon vesting and settlement.

Risks

• Vesting is contingent upon the director remaining with the company until the earlier of June 10, 2027, or the 2027 annual meeting.

Future Outlook

The RSUs are scheduled to vest on June 10, 2027, or the date of the 2027 annual meeting, with settlement occurring within 30 days thereafter.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure long-term commitment and alignment with shareholder interests in the consumer goods sector.

Comparison to Industry Standards

• The use of RSU-based compensation for directors is consistent with standard practices for publicly traded companies of similar size.
• Vesting schedules tied to annual meetings are common in the industry to ensure continuity of board oversight.

Stakeholder Impact

• Shareholders may experience minor dilution upon the eventual settlement of the RSUs.

Next Steps

• Vesting of RSUs on June 10, 2027, or the 2027 annual meeting date.
• Settlement of vested shares within 30 days of the vesting date.

Key Dates

Keywords

Zevia, ZVIA, Form 4, Insider Trading, Equity Incentive Plan, Director Compensation