BAKER COREY 4
Research Summary
AI-generated summary
Vita Coco (COCO) CFO Corey Baker Withholds 5,226 Shares for Taxes
What Happened
Corey Baker, Chief Financial Officer of Vita Coco Company, had a total of 5,226 shares withheld by the company to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). The withholding occurred on March 11, 2026, at $54.91 per share, resulting in total proceeds/value of $286,959 (three withholdings: 2,265 shares = $124,371; 1,573 shares = $86,373; 1,388 shares = $76,215). This was a mandatory tax-withholding disposition, not an open-market sale initiated by the insider.
Key Details
- Transaction date: March 11, 2026; Filing date: March 12, 2026 (filed promptly the next day).
- Price per share: $54.91; Total value of withheld shares: $286,959.
- Shares withheld/disposed: 2,265; 1,573; and 1,388 (total 5,226).
- Shares owned after the reported transactions: not specified in the provided excerpt of the filing.
- Notable footnote: F1 — these dispositions were shares withheld to cover tax withholding for RSU vesting and were mandated by the issuer (not discretionary trades). Other footnotes (F2–F5) in the filing reference various option vesting schedules.
Context
This was a tax-withholding event tied to RSU vesting (a common, routine administrative action) rather than an intentional sale indicating sentiment about the company. For retail investors, such mandatory withholdings should not be interpreted as insider selling for investment reasons. The filing also contains references to option vesting schedules for other awards; those vesting terms are informational and separate from this withholding transaction.