Robert James Gamgort - Jul 3, 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
Jul 3, 2023
Transactions value $
-$6,482,254
Form type
4
Date filed
7/6/2023, 04:28 PM
Previous filing
Mar 15, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +249K +10.28% $0.00 2.67M Jul 3, 2023 Direct F1, F2
transaction KDP Common Stock Tax liability -$3.24M -103K -3.86% $31.47 2.57M Jul 3, 2023 Direct F3
transaction KDP Common Stock Options Exercise $0 +249K +9.7% $0.00 2.81M Jul 3, 2023 Direct F1
transaction KDP Common Stock Tax liability -$3.24M -103K -3.66% $31.47 2.71M Jul 3, 2023 Direct F3
holding KDP Common Stock 1M Jul 3, 2023 By GRAT

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 -249K -100% $0.00* 0 Jul 3, 2023 Common Stock 249K Direct F1, F4
transaction KDP Restricted Stock Unit Options Exercise $0 -249K -100% $0.00* 0 Jul 3, 2023 Common Stock 249K 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 Reflects shares transferred between the reporting person and a grantor retained annuity trust, which was exempt from reporting pursuant to Rule 16a-13.
F3 Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
F4 As previously disclosed, these RSUs were acquired by the reporting person as a result of the conversion of restricted stock units of Maple Parent Holdings Corp. ("Maple") to restricted stock units of the Issuer pursuant to the Agreement and Plan of Merger, dated as of January 29, 2018, by and among Maple, Dr Pepper Snapple Group, Inc. and Salt Merger Sub, Inc. The RSUs vested in full on July 3, 2023.