Anthony Shoemaker - Sep 15, 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
Chief Legal Officer
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Sep 15, 2023
Transactions value $
-$35,931
Form type
4
Date filed
9/19/2023, 05:13 PM
Previous filing
May 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 +4.43K +5.4% $0.00 86.4K Sep 15, 2023 Direct F1
transaction KDP Common Stock Tax liability -$35.9K -1.08K -1.25% $33.30 85.3K Sep 15, 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 -4.43K -60.01% $0.00 2.95K Sep 15, 2023 Common Stock 4.43K 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 Restricted Stock Units ("RSUs") were granted on September 15, 2020 and vest in three installments as follows: 60% on September 15, 2023; 20% on September 15, 2024, and 20% on September 15, 2025. Sixty percent of the RSUs vested on September 15, 2023. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.