Form 4: Zevia PBC CEO Amy Taylor Receives 600,000 Restricted Stock Units
SEC Form 4
Zevia PBC's CEO, Amy Taylor, was granted 600,000 restricted stock units (RSUs) on March 11, 2024, according to a Form 4 filing.
Summary
- Amy Taylor, the President and CEO of Zevia PBC, received 600,000 restricted stock units (RSUs) on March 11, 2024, under the company's 2021 Equity Incentive Plan.
- These RSUs vest in 1/4 increments annually, starting March 11, 2024, and are settled within 30 days of each vesting date.
- Taylor directly owns 989,955 shares of Class A Common Stock, including 910,935 RSUs, some of which are already vested but subject to deferred settlement.
- An adjustment was made to correct an overreporting error of 89 RSUs in a previous filing.
- Taylor's spouse indirectly owns 5,500 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock grants to the CEO, which is generally neutral. The correction of a previous error adds a slightly negative element, but overall, the impact is balanced.
Positives
- The grant of RSUs aligns the CEO's interests with those of the shareholders, incentivizing performance and value creation.
Industry Context
Equity compensation is a common practice in publicly traded companies to incentivize executives and align their interests with those of shareholders.
Stakeholder Impact
- The RSU grant could positively impact shareholders by incentivizing the CEO to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 03/17/2022 | Date when 77,573 RSUs began vesting in 1/4 increments annually. |
| 03/17/2023 | Date when 219,423 RSUs began vesting in 1/4 increments annually. |
| 03/22/2023 | Date of a previous Form 4 filing that contained an overreporting error of 89 RSUs. |
| 03/11/2024 | Date of the reported transaction: grant of 600,000 RSUs. |
| 03/11/2024 | Date when the 600,000 RSUs begin vesting in 1/4 increments annually. |
| 03/13/2024 | Date of the Form 4 filing. |
| 01/17/2025 | Deferred settlement date for 33,332 vested RSUs. |
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