SCHLOSBERG HILTON H 4
Research Summary
AI-generated summary
Monster Beverage (MNST) CEO Hilton Schlosberg Receives Awards, Sells 169,857 Shares
What Happened
- Hilton H. Schlosberg, Vice Chairman and CEO of Monster Beverage (MNST), had equity awards/units vest and converted into common shares in mid‑March 2026. In connection with the vesting/conversion, he surrendered shares to satisfy tax withholding obligations: 137,580 shares were surrendered on 2026-03-13 at $77.11 ($10,608,794) and 32,277 shares were surrendered on 2026-03-14 at $77.05 ($2,486,943), for a total of 169,857 shares and approximately $13.10 million.
- The filing also shows awards/grants on 2026-03-13 (totaling 456,900 award/derivative units reported across lines) and conversion/exercise entries on 2026-03-14 (63,434 shares converted/exercised). Some of the awarded restricted/performance units remain subject to future vesting (see Key Details).
Key Details
- Primary dates and prices:
- 2026-03-13: Awards/grants reported (codes A) — 270,400; 137,500 (derivative); 49,000 (derivative).
- 2026-03-13: Tax withholding surrender (code F) — 137,580 shares @ $77.11 = $10,608,794.
- 2026-03-14: Conversion/exercise (code M) — 22,534, 19,333, and 21,567 shares (total 63,434) converted to common stock.
- 2026-03-14: Tax withholding surrender (code F) — 32,277 shares @ $77.05 = $2,486,943.
- Shares surrendered to cover taxes: 169,857 shares, total proceeds ≈ $13,095,737.
- Remaining vesting (footnotes):
- Some restricted stock units/options remain unvested and vest in installments (notably March 14, 2027; March 14, 2028; March 13, 2027–2029 per footnotes F12–F14).
- Performance share units were certified as vesting by the Compensation Committee (footnote F1).
- Transaction codes explained: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment for exercise price/tax withholding (surrender of shares).
- Filing timeliness: Transactions occurred 2026-03-13 and 2026-03-14; Form 4 was filed 2026-03-17. Form 4s are normally due within two business days of a reportable transaction, so this filing appears to have been submitted after that window.
Context
- These were award vestings and conversions of RSUs/PSUs (and related exercises), not open‑market purchases or discretionary sales. The disposals reported here are “sell to cover”/tax‑withholding actions (common when executives receive vested equity) rather than voluntary market sales intended to realize investment gains.
- For retail investors: purchases by insiders are often considered stronger signals than routine tax withholding. This filing documents standard settlement/withholding activity after vesting; it does not by itself indicate a change in the CEO’s long‑term position.