Priyadarshi Sudhanshu - 22 Nov 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
CFO, President International
Signature
/s/ Mark Jackson, attorney in fact
Issuer symbol
KDP
Transactions as of
22 Nov 2023
Net transactions value
-$643,598
Form type
4
Filing time
27 Nov 2023, 16:50:17 UTC
Previous filing
11 May 2023
Next filing
28 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +52,440 +52% $0.000000 152,514 22 Nov 2023 Direct F1
transaction KDP Common Stock Tax liability $643,598 -19,858 -13% $32.41 132,656 22 Nov 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 -52,440 -67% $0.000000 25,828 22 Nov 2023 Common Stock 52,440 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 ("RSUs") 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 November 22, 2022 and vest in two installments as follows: 67% on November 22, 2023; and 33% on November 22, 2024. Sixty-seven percent of the RSUs vested on November 22, 2023. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.