Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-04

Vita Coco Company (COCO)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,549,875
Michael Kirban total, FY2025
Co-Founder and Executive Chairmanhighest-paid officer; CEO Martin Roper: $4,549,875
25th
CEO (Martin Roper) pay percentile vs peers
CEO-to-median pay ratio
95.36%
Say-on-pay support, latest vote
Companies that benchmark against COCO
1 company names COCO as a compensation peer

Each company listed discloses COCO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named COCO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Kirban$625,000$0$1,879,998$920,002$1,114,375$0$10,500$4,549,875
Co-Founder and Executive Chairman
Martin Roper625,00001,879,998920,0021,114,375010,5004,549,875
Chief Executive Officer
Jonathan Burth390,000600,000284,995175,006417,222010,5001,877,723
Chief Operating Officer
Charles van Es385,000600,000284,995175,006411,873010,5001,867,374
Chief Commercial Officer
Corey Baker385,000600,000284,995175,006411,873010,5001,867,374
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Michael Kirban$4,549,875
Martin Roper4,549,875
Jonathan Burth1,877,723
Charles van Es1,867,374
Corey Baker1,867,374

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Corey BakerPSU2025-03-043,447$114,992
Corey BakerRSU2025-03-045,096170,003
Corey BakerOPTION2025-03-0413,218175,006
Jonathan BurthRSU2025-03-045,096170,003
Jonathan BurthOPTION2025-03-0413,218175,006
Jonathan BurthPSU2025-03-043,447114,992
Charles van EsPSU2025-03-043,447114,992
Charles van EsRSU2025-03-045,096170,003
Charles van EsOPTION2025-03-0413,218175,006
Michael KirbanPSU2025-03-0328,676939,999
Michael KirbanOPTION2025-03-0370,715920,002
Martin RoperOPTION2025-03-0370,715920,002
Martin RoperPSU2025-03-0328,676939,999
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Corey Baker$170,003$114,992$175,00625.0%
Jonathan Burth170,003114,992175,00625.0%
Charles van Es170,003114,992175,00625.0%
Michael Kirban0939,999920,00250.5%
Martin Roper0939,999920,00250.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation programs effectively align the interests of our NEOs with those of our shareholders by linking a significant portion of their compensation to the Company's performance and by providing a competitive level of compensation designed to recruit, retain, and motivate talented executives critical to the Company's long-term success.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPearl Meyer & Partners, LLC
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0344,532,9482,168,37831,04495.36%Passed
20252025-06-0341,060,4592,011,29974,67795.33%Passed
20242024-06-0441,902,786180,29045,64699.57%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0395.36%a
20252025-06-0395.33%b
20242024-06-0499.57%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jane C. MorreauIndependent · Audit (Chair)$94,882$115,010$0$0$0$209,892
Aishetu Fatima DozieIndependent · Audit · Nominating and ESG71,522115,010000186,532
John LeahyIndependent · Audit · Compensation71,522115,010000186,532
Kenneth SadowskyIndependent · Nominating and ESG (Chair)69,448115,010000184,458
John ZupoIndependent · Compensation (Chair)64,022115,010000179,032
Ira LiranIndependent · Nominating and ESG60,272115,010000175,282
Eric MelloulIndependent · Compensation46,522115,010000161,532
Martin RoperEmployee director0
Michael KirbanEmployee director · Board Chair0
Shelley BroaderIndependent · Audit · Compensation · Newly elected
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$115,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 10,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$478,190
Equity awards (grant-date value)$805,070
All other compensation$0
Total cost of the board$1,283,260

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

WRBY Warby Parker Inc.NAPA The Duckhorn Portfolio, Inc.FRPT Freshpet, Inc.MGPI MGP Ingredients, Inc.SMPL The Simply Good Foods CompanyBRBR BellRing Brands, Inc.VITL Vital Farms, Inc. Oatly Group ABCELH Celsius Holdings, Inc.BYND Beyond Meat, Inc.SG Sweetgreen, Inc.RILY BRC Inc.
10a

Peer reciprocity

Of the companies Vita Coco Company names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Warby Parker Inc. (WRBY)39 The Duckhorn Portfolio, Inc. (NAPA) Freshpet, Inc. (FRPT) MGP Ingredients, Inc. (MGPI)40 The Simply Good Foods Company (SMPL) BellRing Brands, Inc. (BRBR) Vital Farms, Inc. (VITL) Celsius Holdings, Inc. (CELH) Beyond Meat, Inc. (BYND) Sweetgreen, Inc. (SG)41 BRC Inc. (RILY)42

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Vita Coco Company.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1BRC Inc.2025Bryant Riley$639,292$0$0$15,298,388$16,123,180
2Warby Parker Inc.2025Neil Blumenthal575,0008,408,680009,000,180
3MGP Ingredients, Inc.2025Julie Francis398,0772,300,0081,655,571384,1644,980,533
4Vita Coco Company2025Martin Roper625,0001,879,998920,0021,114,3754,549,875
5Sweetgreen, Inc.2025Jonathan Neman550,00002,675,93703,226,081
The Duckhorn Portfolio, Inc.not in coverage universe
Freshpet, Inc.not in coverage universe
The Simply Good Foods Companynot in coverage universe
BellRing Brands, Inc.not in coverage universe
Vital Farms, Inc.not in coverage universe
Celsius Holdings, Inc.not in coverage universe
Beyond Meat, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Vita Coco Companynot disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
BellRing Brands, Inc.not disclosednot disclosednot disclosednot disclosed
Beyond Meat, Inc.not disclosednot disclosednot disclosednot disclosed
BRC Inc.not disclosedRSU 100not disclosedMercer LLC
Celsius Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Freshpet, Inc.not disclosednot disclosednot disclosednot disclosed
MGP Ingredients, Inc.95%%PSUs 75 · RSUs 25NoFW Cook
Sweetgreen, Inc.not disclosedOptions 100not disclosedSemler Brossy Consulting Group LLC
The Duckhorn Portfolio, Inc.not disclosednot disclosednot disclosednot disclosed
The Simply Good Foods Companynot disclosednot disclosednot disclosednot disclosed
Vital Farms, Inc.not disclosednot disclosednot disclosednot disclosed
Warby Parker Inc.73.0%PSU 50 · RSU 50Yes — Relative TSRSemler Brossy

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael KirbanDEF 14A2026-04-220001482981-26-000107Section “Summary Compensation Table” · page 47. As printed: 4,549,875. Filing ↗machine: r3 · c24 · span 592132–592141
2Section 01, Martin RoperDEF 14A2026-04-220001482981-26-000107Section “Summary Compensation Table” · page 47. As printed: 4,549,875. Filing ↗machine: r6 · c24 · span 599122–599131
3Section 01, Jonathan BurthDEF 14A2026-04-220001482981-26-000107Section “Summary Compensation Table” · page 47. As printed: 1,877,723. Filing ↗machine: r12 · c24 · span 613210–613219
4Section 01, Charles van EsDEF 14A2026-04-220001482981-26-000107Section “Summary Compensation Table” · page 47. As printed: 1,867,374. Filing ↗machine: r15 · c24 · span 620162–620171
5Section 01, Corey BakerDEF 14A2026-04-220001482981-26-000107Section “Summary Compensation Table” · page 47. As printed: 1,867,374. Filing ↗machine: r9 · c24 · span 606107–606116
6Section 03, Corey Baker PSUDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
7Section 03, Corey Baker RSUDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
8Section 03, Corey Baker OPTIONDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
9Section 03, Jonathan Burth RSUDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
10Section 03, Jonathan Burth OPTIONDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
11Section 03, Jonathan Burth PSUDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
12Section 03, Charles van Es PSUDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
13Section 03, Charles van Es RSUDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
14Section 03, Charles van Es OPTIONDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
15Section 03, Michael Kirban PSUDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
16Section 03, Michael Kirban OPTIONDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
17Section 03, Martin Roper OPTIONDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
18Section 03, Martin Roper PSUDEF 14A2026-04-220001482981-26-000107Section “Grants of Plan-Based Awards for Fiscal 202” · grants of plan-based awards table. Filing ↗
19Section 08, Jane C. MorreauDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 209,892. Filing ↗machine: span 1040934–1040941
20Section 08, Aishetu Fatima DozieDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 186,532. Filing ↗machine: span 1032285–1032292
21Section 08, John LeahyDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 186,532. Filing ↗machine: span 1034332–1034339
22Section 08, Kenneth SadowskyDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 184,458. Filing ↗machine: span 1043018–1043025
23Section 08, John ZupoDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 179,032. Filing ↗machine: span 1045532–1045539
24Section 08, Ira LiranDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 175,282. Filing ↗machine: span 1036409–1036416
25Section 08, Eric MelloulDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 161,532. Filing ↗machine: span 1038670–1038677
26Section 08, Martin RoperDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, Michael KirbanDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: 0. Filing ↗
28Section 08, Shelley BroaderDEF 14A2026-04-220001482981-26-000107Section “Director Compensation”. As printed: —. Filing ↗
29Section 06, 2026 voteForm 8-K2026-06-040001482981-26-000140Item 5.07 · say-on-pay result. As reported: 95.36% (votes for as printed: 44,532,948). Filing ↗
30Section 06, 2025 voteForm 8-K2025-06-040001482981-25-000089Item 5.07 · say-on-pay result. As reported: 95.33% (votes for as printed: 41,060,459). Filing ↗
31Section 06, 2024 voteForm 8-K2024-06-060001482981-24-000067Item 5.07 · say-on-pay result. As reported: 99.57% (votes for as printed: 41,902,786). Filing ↗
32Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
33Section 09b board cost (computed)ComputedcomputedCash 478,190 + equity 805,070 + all other 0 = 1,283,260, summed across the director compensation table rows.machine: formula: Σ = 1,283,260
34BRC Inc., Section 10b CEO totalDEF 14A2026-04-090001213900-26-042006CEO total compensation as printed in BRC Inc.'s own proxy. As printed: 16,123,180. Filing ↗machine: span 558769–558779
35Warby Parker Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050432CEO total compensation as printed in Warby Parker Inc.'s own proxy. As printed: 9,000,180. Filing ↗machine: t20 · r1 · c32 · span 611995–612004
36MGP Ingredients, Inc., Section 10b CEO totalDEF 14A2026-04-090000835011-26-000058CEO total compensation as printed in MGP Ingredients, Inc.'s own proxy. As printed: 4,980,533. Filing ↗machine: r2 · c48 · span 440917–440926
37Vita Coco Company (subject), Section 10b CEO totalDEF 14A2026-04-220001482981-26-000107CEO total compensation as printed in Vita Coco Company's own proxy. As printed: 4,549,875. Filing ↗machine: r6 · c24 · span 599122–599131
38Sweetgreen, Inc., Section 10b CEO totalDEF 14A2026-04-230001140361-26-016260CEO total compensation as printed in Sweetgreen, Inc.'s own proxy. As printed: 3,226,081. Filing ↗machine: r2 · c25 · span 758912–758922
39Section 10a, Warby Parker Inc. reciprocityDEF 14A0001104659-26-050432Warby Parker Inc.'s most recent proxy was read; its disclosed peer group does not include Vita Coco Company. Filing ↗
40Section 10a, MGP Ingredients, Inc. reciprocityDEF 14A0000835011-26-000058MGP Ingredients, Inc.'s most recent proxy was read; its disclosed peer group does not include Vita Coco Company. Filing ↗
41Section 10a, Sweetgreen, Inc. reciprocityDEF 14A0001140361-26-016260Sweetgreen, Inc.'s most recent proxy was read; its disclosed peer group does not include Vita Coco Company. Filing ↗
42Section 10a, BRC Inc. reciprocityDEF 14A0001213900-26-042006BRC Inc.'s most recent proxy was read; its disclosed peer group does not include Vita Coco Company. Filing ↗