Robert James Gamgort - Mar 13, 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
CEO & Executive Chairman, Director
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Mar 13, 2023
Transactions value $
-$1,687,943
Form type
4
Date filed
3/15/2023, 06:45 PM
Previous filing
Mar 3, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +123K +3.67% $0.00 3.47M Mar 13, 2023 Direct F1
transaction KDP Common Stock Tax liability -$1.69M -49.3K -1.42% $34.25 3.42M Mar 13, 2023 Direct F2

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 -123K -60% $0.00 81.8K Mar 13, 2023 Common Stock 123K Direct F1, F3
* 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 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.