Matthew Andrew Archambault - Mar 13, 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Mar 13, 2023
Transactions value $
-$109,223
Form type
4
Date filed
3/15/2023, 06:37 PM
Previous filing
Mar 9, 2023
Next filing
Mar 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +11.1K +27.73% $0.00 51.1K Mar 13, 2023 Direct F1
transaction KDP Common Stock Tax liability -$109K -3.19K -6.44% $34.25 46.4K Mar 13, 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KDP Restricted Stock Unit Options Exercise $0 -11.1K -60% $0.00 7.4K Mar 13, 2023 Common Stock 11.1K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock units convert into common stock on a one-for-one basis.
F2 Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
F3 Amount of securities beneficially owned following reported transaction reflects the transfer of 1,543 shares in a transaction exempt from Section 16 pursuant to Rule 16a-12.
F4 As previously disclosed, these RSUs were granted on March 12, 2020 and vest in three installments as follows: 60% on March 12, 2023; 20% on March 12, 2024, and 20% on March 12, 2025. Sixty percent of the RSUs vested on March 13, 2023, the first trading day following March 12, 2023. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.