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Rodney C. Sacks

Chairman of the Board of Directors, Co-CEO at Monster Beverage
Board
Since January 2021
Age
75 years
Tenure
Joined MNST in November 1990 as a director and Chairman, served as CEO until January 2021, and has held the Co-CEO role since January 2021.

Also at Monster Beverage

ECT
Emelie C. Tirre
President of the Americas
GPC
Guy P. Carling
President of EMEA

About

Rodney C. Sacks is a veteran executive with a long-standing career at Monster Beverage Corporation, where he has played a pivotal role since his appointment in November 1990.

Throughout his career, he has demonstrated consistent leadership, initially serving as Chairman and CEO before transitioning to his current role as Co-Chief Executive Officer in January 2021. His tenure spans over 35 years, during which he has significantly contributed to the company’s strategic vision and growth in the food and beverage industry.

At 75 years old, his extensive experience underscores a commitment to long-term corporate success. Notably, his upcoming change in executive responsibility scheduled for June 12, 2025, marks another milestone in his distinguished career, although details about his personal background or educational achievements are not available.

Past Roles

OrganizationRoleDate RangeDetails
Monster Beverage Corporation (MNST) Chief Executive Officer November 1990 - January 2021 Served as CEO before his current roles as Co-CEO and Chairman of the Board.

Fixed Compensation

Data from  FY 2024
Component NameAmount ($)Payment ScheduleAdditional Details
Salary1,200,000 Annual (2024) Fixed annual salary
Option Awards3,557,455 Granted on March 14, 2024 153,500 options at an exercise price of $60.30 per share under the 2020 Omnibus Incentive Plan
All Other Compensation918,566 Annual (2024) Includes Company Automobile ($60,308), 401(k) Matching ($13,163), Benefit Premiums ($88,887), Other Perquisites ($755,610), and Personal Equipment Allowance ($598)

Performance Compensation

Data from  FY 2024

Performance Stock Units (PSUs)

MetricValueDetails
Performance Period2024–2026 Three-year performance period based on cumulative adjusted diluted EPS
Performance MetricAdjusted Diluted EPS (3-year cumulative) Basis for determining PSU awards
Threshold58,050 shares 50% of target award
Target116,100 shares 100% of target award
Maximum232,200 shares 200% of target award
Vesting ScheduleCliff vest over three years Vesting subject to achieving pre-established performance goals and continued service
Grant DateMarch 14, 2024 Date on which the PSUs were granted
Grant Date Fair Value$7,000,830 Aggregate fair value computed on grant date
Grant Date Stock Price$60.30 Price per share on grant date

Annual Incentive Awards (AIAs)

MetricValueDetails
Financial Performance Threshold$1.9924 billion 50% payout level based on adjusted operating income
Financial Performance Target$2.2138 billion 100% payout level based on adjusted operating income
Financial Performance Maximum$2.4352 billion 200% payout level based on adjusted operating income
Actual Financial Achievement$2.1271 billion Resulted in an 80.4% payout for the financial component
Individual Performance100% achievement Contributed at a 25% weighting to the overall AIA
Overall Weighting75% Financial / 25% Individual Combined performance metrics
Overall AIA Payout85% of target Calculated weighted payout based on performance
Target AIA Opportunity$1,800,000 Full target payout amount
Actual AIA Payout$1,535,400 Comprised of approximately $1,085,400 from financial and $450,000 from individual components
Payment ScheduleQ1 2025 Award paid in the first quarter following the performance year (2024)
Grant DateEarly 2024 Reference for AIA performance period
NoteCash-based incentive No grant date fair value or stock price applicable