Form 4: Zevia PBC Director Julie Garcia Ruehl Reports Stock Grant

Director Julie Garcia Ruehl reports the acquisition of 118,455 shares of Zevia PBC Class A Common Stock in the form of restricted stock units (RSUs).

Summary

• On June 12, 2024, Julie Garcia Ruehl, a director of Zevia PBC, reported the acquisition of 118,455 shares of Class A Common Stock through the grant of restricted stock units (RSUs).
• These RSUs were granted under the Zevia PBC 2021 Equity Incentive Plan.
• The RSUs vest on the earlier of June 12, 2025, or the Issuer's 2025 annual meeting of stockholders and are settled within 30 days following the vesting date.
• Following the transaction, Ruehl directly owns 212,246 shares, 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 of June 15, 2024, or the Issuer's 2024 annual meeting of stockholders and are settled within 30 days following such vesting date.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant, which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

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.

Future Outlook

The RSUs vest based on future dates or the occurrence of the annual meeting of stockholders, indicating a continued relationship between the director and the company.

Industry Context

This is a standard practice for publicly traded companies to compensate and incentivize directors with equity-based compensation.

Comparison to Industry Standards

• Equity grants to directors are a common practice across publicly listed companies to align their interests with shareholders.
• The vesting schedules and terms of these grants are generally comparable to those offered by similar companies in the beverage industry.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates