Form 4: Zevia Director Padraic Spence Granted Over 34,000 Restricted Stock Units

Zevia PBC Director Padraic L. Spence was granted 34,722 restricted stock units (RSUs) on June 12, 2025, aligning his interests with shareholders.

Summary

• Padraic L. Spence, a Director of Zevia PBC (ZVIA), acquired 34,722 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction occurred on June 12, 2025, with a reported price of $0 per share, indicating a grant rather than a purchase.
• These newly granted RSUs will vest on the earlier of June 12, 2026, or the Issuer's 2026 annual meeting of stockholders, and will be settled within 30 days of vesting.
• Following this transaction, Mr. Spence's total beneficial ownership in Zevia PBC stands at 1,795,417 shares.
• His total beneficial ownership includes 71,827 RSUs, with 148,417 RSUs from a prior grant vesting in quarterly increments since March 17, 2022, and the newly acquired 34,722 RSUs.

Sentiment

Score: 6

Explanation: The filing reports a routine equity grant to a director, which is a neutral to slightly positive event as it aligns management interests with shareholders. It does not contain information that would significantly alter the company's financial outlook or operational performance, making it an expected and generally positive governance action.

Positives

• The grant of 34,722 Restricted Stock Units (RSUs) to Director Padraic L. Spence aligns his long-term interests with those of Zevia PBC shareholders.
• Equity-based compensation is a common practice to incentivize directors and retain talent, fostering commitment to the company's success.

Future Outlook

The 34,722 Restricted Stock Units granted to Director Padraic L. Spence are scheduled to vest on the earlier of June 12, 2026, or Zevia PBC's 2026 annual meeting of stockholders, with settlement occurring within 30 days of vesting. This indicates a future increase in the director's vested equity holdings, reinforcing long-term alignment.

Industry Context

This Form 4 filing reflects a routine equity grant to a director, a common practice across industries to align executive and board member incentives with shareholder value. Such grants are a standard component of compensation packages in publicly traded companies, particularly in the consumer packaged goods sector where Zevia PBC operates, demonstrating adherence to established corporate governance norms.

Corporate Governance

Related Party Transactions

• The grant of 34,722 Restricted Stock Units to Director Padraic L. Spence constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors, which is a standard and disclosed practice.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director is intended to align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: While not directly impacting employees, the use of equity incentive plans for directors can reflect the company's broader approach to performance-based compensation and talent retention.

Next Steps

• Vesting of the 34,722 Restricted Stock Units on the earlier of June 12, 2026, or Zevia PBC's 2026 annual meeting of stockholders.
• Settlement of the vested RSUs within 30 days following the vesting date.

Key Dates

Keywords

Zevia PBC, ZVIA, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Insider Transaction, Form 4, Padraic L. Spence, Stock Ownership