4//SEC Filing
POLK BENJAMIN 4
Accession 0001567619-21-007775
CIK 0000865752other
Filed
Apr 6, 8:00 PM ET
Accepted
Apr 7, 5:41 PM ET
Size
12.8 KB
Accession
0001567619-21-007775
Insider Transaction Report
Form 4
POLK BENJAMIN
Director
Transactions
- Exercise/Conversion
Common Stock
2021-04-05$11.35/sh+7,770$88,190→ 42,761 total - Tax Payment
Common Stock
2021-04-05$93.44/sh−944$88,207→ 41,817 total - Exercise/Conversion
Stock Option (right to buy)
2021-04-05−7,770→ 0 totalExercise: $11.35Exp: 2021-05-18→ Common Stock (7,770 underlying)
Holdings
- 5,105
Deferred Stock Units
→ Common Stock - 2,276
Restricted Stock Units
→ Common Stock
Footnotes (8)
- [F1]This transaction is reported to reflect the exercise of a stock option for a total of 7,770 shares by means of a stock swap whereby the Reporting Person disposed of 944 shares of Common Stock to the Issuer as consideration for the Reporting Person's exercise of stock options. The stock swap was completed pursuant to the terms of the 2009 Monster Beverage Corporation Stock Incentive Plan for Non-Employee Directors Stock Option Agreement between the Issuer and the Reporting Person.
- [F2]Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.
- [F3]The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2021 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.
- [F4]Not applicable.
- [F5]No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- [F6]The options are currently vested.
- [F7]Deferred Stock Units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors, effective May 1, 2017, which may include voluntary deferred compensation. Each Deferred Stock Unit is economically equivalent to one share of Common Stock.
- [F8]The Deferred Stock Units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.
Documents
Issuer
Monster Beverage Corp
CIK 0000865752
Entity typeother
Related Parties
1- filerCIK 0001266254
Filing Metadata
- Form type
- 4
- Filed
- Apr 6, 8:00 PM ET
- Accepted
- Apr 7, 5:41 PM ET
- Size
- 12.8 KB