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Monster Beverage Corp·4

Mar 17, 7:14 PM ET

SACKS RODNEY C 4

Research Summary

AI-generated summary

Updated

Monster (MNST) Director Rodney Sacks Receives Awards, Surrenders Shares

What Happened

  • Rodney C. Sacks, a director of Monster Beverage Corp (MNST), received awards (performance share units and restricted stock units) that vested on March 13–14, 2026 totaling 328,400 units. To satisfy tax-withholding obligations related to the vesting, he surrendered 165,653 shares to the company (payment of tax liability), receiving cash proceeds of approximately $12,771,819. Separately, 56,201 derivative shares were exercised/converted on March 14, 2026.

Key Details

  • Primary dates: grants/vesting recorded March 13–14, 2026; Form 4 filed March 17, 2026 (timely).
  • Awards granted/vested: 328,400 units (270,400 + 42,800 + 15,200).
  • Tax-withholding surrender (code F): 137,580 shares @ $77.11 = $10,608,794 (3/13) and 28,073 shares @ $77.05 = $2,163,025 (3/14). Total surrendered = 165,653 shares for ~$12,771,819.
  • Exercises/conversions (code M): 22,534 + 19,333 + 14,334 = 56,201 shares converted/acquired on 3/14.
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Relevant footnotes: vesting and settlement under the Monster Beverage 2020 Omnibus Incentive Plan. F1 notes PSUs vested as certified by the Compensation Committee; F2/F10/F11 describe RSUs settled in shares and vesting status/schedules (some units fully vested; some have future vesting dates).
  • Transaction codes: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment for exercise price or tax withholding.

Context

  • This was primarily a vesting/settlement event, not an open-market sale. The surrendered shares were used to cover tax withholding (a common, administrative "sell-to-cover" activity), not necessarily a signal of changed insider sentiment.
  • For retail investors: awards vesting and related tax-withholdings are routine for insiders receiving compensation. The key takeaway is the size of the award and the fact some units were fully vested (per footnotes), which increases the insider's realized compensation but does not by itself indicate bullish or bearish trading intent.