Robert James Gamgort - 16 Jan 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
CEO & Executive Chairman, Director
Signature
/s/ Mark Jackson, attorney in fact
Issuer symbol
KDP
Transactions as of
16 Jan 2024
Net transactions value
-$2,098,074
Form type
4
Filing time
18 Jan 2024, 17:43:48 UTC
Previous filing
06 Jul 2023
Next filing
05 Mar 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 +179,037 +6.6% $0.000000 2,890,527 16 Jan 2024 Direct F1
transaction KDP Common Stock Tax liability $2,098,074 -65,915 -2.3% $31.83 2,824,612 16 Jan 2024 Direct F2
holding KDP Common Stock 1,000,000 16 Jan 2024 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 -179,037 -71% $0.000000 73,785 16 Jan 2024 Common Stock 179,037 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the settlement of vested restricted stock units ("RSUs") and performance-based RSUs into common stock on a one-for-one basis.
F2 Shares withheld for payment of applicable taxes upon settlement of the RSUs described herein in accordance with Rule 16b-3.
F3 Reflects a grant of 868,056 restricted stock units made on September 15, 2020, which was amended on December 7, 2020. 25% of such award vested in three equal annual installments beginning on January 15, 2022. The remaining 75% was subject to certain performance-based vesting conditions. The 179,037 shares represent 71,615 time-based RSUs and 107,422 performance-based RSUs, each of which vested on January 15, 2023 and settled on January 16, 2024. All remaining performance-based RSUs were forfeited for no value. The remaining 73,785 time-based RSUs vested on January 15, 2024 and will settle on January 15, 2025.