Form 4: Zevia PBC Director Jacqueline Hayes Reports Stock Grant

Director Jacqueline Hayes received 118,455 restricted stock units (RSUs) in Zevia PBC, according to a recent SEC filing.

Summary

• On June 12, 2024, Jacqueline Hayes, a director of Zevia PBC, was granted 118,455 restricted stock units (RSUs).
• These RSUs vest on the earlier of June 12, 2025, or the company's 2025 annual meeting of stockholders and will be settled within 30 days following the vesting date.
• Following this transaction, Hayes beneficially owns 192,246 shares of Class A Common Stock, including 143,480 RSUs.
• 6,666 RSUs are vested in full, subject to deferred settlement on January 17, 2025.
• 18,359 RSUs vest on the earlier to occur of (i) June 15, 2024 or (ii) the Issuer's 2024 annual meeting of stockholders and are settled within 30 days following such vesting date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock grants, which is a standard practice. It doesn't indicate any specific positive or negative outlook for the company.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders, incentivizing them to work towards the company's success.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The RSU grant could have a slightly positive impact on shareholder sentiment as it aligns director interests with company performance.

Key Dates