Timothy P. Cofer - Nov 20, 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Chief Operating Officer
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Nov 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/22/2023, 04:36 PM
Previous filing: Nov 8, 2023
Next filing: Mar 5, 2024

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	Award	$0	+393K	+39333000%	$0.00	393K	Nov 20, 2023	Common Stock	393K		Direct	F1
transaction	KDP	Restricted Stock Unit	Award	$0	+220K	+22026500%	$0.00	220K	Nov 20, 2023	Common Stock	220K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs vest on November 20, 2028 ("Vesting Date"), subject to continued service with the Issuer and other vesting conditions. In addition, all or a portion of the Matching RSUs may be forfeited by the Reporting Person if specified stock ownership requirements are not maintained to the Vesting Date. Each Matching RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2	Subject to certain vesting conditions and exceptions, these restricted stock units vest in three installments as follows: 30% on May 20, 2025; 40% on May 20, 2026, and 30% on May 20, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.

Content

Represents matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs vest on November 20, 2028 ("Vesting Date"), subject to continued service with the Issuer and other vesting conditions. In addition, all or a portion of the Matching RSUs may be forfeited by the Reporting Person if specified stock ownership requirements are not maintained to the Vesting Date. Each Matching RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.

Subject to certain vesting conditions and exceptions, these restricted stock units vest in three installments as follows: 30% on May 20, 2025; 40% on May 20, 2026, and 30% on May 20, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.