Angela A. Stephens - Sep 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
Sep 13, 2023
Transactions value $
-$539,853
Form type
4
Date filed
9/15/2023, 05:40 PM
Previous filing
Mar 15, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +43.5K +86.25% $0.00 93.9K Sep 13, 2023 Direct F1
transaction KDP Common Stock Tax liability -$540K -16.3K -17.36% $33.13 77.6K Sep 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 -43.5K -100% $0.00* 0 Sep 13, 2023 Common Stock 43.5K 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 represent matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs were granted on September 13, 2018 and vested in full on September 13, 2023. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.