van Es Charles 4

What Happened

• On February 20, 2026, Vita Coco CCO Charles van Es received a grant of 4,401 restricted stock units (RSUs) and had Performance Stock Units (PSUs) vest and convert into 5,914 shares (100% of target). The filings show no cash was paid for these shares (all reported at $0.00).
• Of the vested 5,914 shares, 3,271 shares were withheld by the company to satisfy tax withholding obligations (a non-discretionary, issuer-mandated withholding).

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-26 (filed 6 days after the transaction; Form 4s are generally due within two business days).
• Awards/grants: 4,401 RSUs granted (vesting schedule: four equal annual installments subject to continued service) (see footnote F1).
• PSU vesting: 5,914 PSUs converted to 5,914 shares representing 100% of target award (footnote F2).
• Tax withholding: 3,271 shares withheld to cover tax obligations; withholding was mandated by the issuer and not a discretionary sale (footnote F3).
• Prices reported: $0.00 per share for the awards/conversion and the withholding (typical for equity grants/settlements).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Transaction codes explained: A = award/grant; M = conversion/exercise of derivative (PSU conversion); F = payment of tax liability (shares withheld).

Context

• The PSU conversion here is a performance-based award settling in company stock (not an open-market purchase or sale). The withholding of shares for taxes is a routine administrative step and does not necessarily signal bullish or bearish intent.
• The RSU grant vests over future anniversaries if the executive remains employed; no cash purchases or open-market sales by the insider were reported in this filing.