Form 4: Zevia PBC Director Julie Garcia Ruehl Granted Significant Equity Award

Zevia PBC Director Julie Garcia Ruehl was granted 34,722 restricted stock units (RSUs) on June 12, 2025, increasing her beneficial ownership to 261,968 shares.

Summary

• Julie Garcia Ruehl, a Director at Zevia PBC (ZVIA), was granted 34,722 Restricted Stock Units (RSUs) on June 12, 2025.
• The RSUs were granted under the Zevia PBC 2021 Equity Incentive Plan.
• Each RSU represents the right to receive one share of Zevia PBC Class A Common Stock.
• The RSUs are scheduled to vest on the earlier of June 12, 2026, or the Issuer's 2026 annual meeting of stockholders.
• Upon vesting, the RSUs will be settled within 30 days.
• Following this transaction, Julie Garcia Ruehl beneficially owns a total of 261,968 shares of Class A Common Stock, which includes the newly granted 34,722 RSUs.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive indicator of aligning management interests with shareholder value and is a standard, healthy compensation practice. It does not, however, reflect operational performance or significant strategic shifts.

Positives

• The grant of Restricted Stock Units to a director aligns their interests with the long-term performance and shareholder value of Zevia PBC.
• The equity grant is part of a standard compensation practice under an existing equity incentive plan, indicating structured governance.

Future Outlook

The granted Restricted Stock Units are scheduled to vest on the earlier of June 12, 2026, or the Issuer's 2026 annual meeting of stockholders, with settlement occurring within 30 days following the vesting date.

Industry Context

Equity grants, such as Restricted Stock Units, are a common and widely accepted form of compensation for directors and executives across various industries. This practice is designed to align the interests of company leadership with those of shareholders by tying a portion of their compensation to the company's long-term stock performance.

Comparison to Industry Standards

• The grant of RSUs to a director is a standard practice in corporate governance, consistent with compensation structures seen in many publicly traded companies, particularly those in the consumer goods sector like Zevia PBC.
• The vesting schedule, tied to a future date or annual meeting, is typical for long-term incentive plans aimed at retention and performance alignment.

Related Party Transactions

• The grant of Restricted Stock Units to Julie Garcia Ruehl, a Director of Zevia PBC, constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the long-term performance of the company's stock, potentially encouraging decisions that enhance shareholder value. It also represents a potential future dilution upon vesting, though this is a standard aspect of equity compensation plans.

Next Steps

• Vesting of the 34,722 RSUs on the earlier of June 12, 2026, or the Issuer's 2026 annual meeting of stockholders.
• Settlement of the vested RSUs into Class A Common Stock within 30 days following the vesting date.

Key Dates

Keywords

Zevia PBC, ZVIA, Form 4, Restricted Stock Units, RSUs, Equity Incentive Plan, Director Compensation, Insider Transaction, Stock Grant