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

Role
CEO & Executive Chairman, Director
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Mar 4, 2024
Transactions value $
$1,515,383
Form type
4
Date filed
3/5/2024, 06:58 PM
Previous filing
Jan 18, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +92.1K +3.26% $0.00 2.92M Mar 4, 2024 Direct F1
transaction KDP Common Stock Options Exercise $0 +211K +7.24% $0.00 3.13M Mar 4, 2024 Direct F1
transaction KDP Common Stock Tax liability -$3.48M -120K -3.83% $29.10 3.01M Mar 4, 2024 Direct F2
transaction KDP Common Stock Purchase $5M +172K +5.71% $29.10 3.18M Mar 5, 2024 Direct
holding KDP Common Stock 1M Mar 4, 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 -92.1K -60% $0.00 61.4K Mar 4, 2024 Common Stock 92.1K Direct F3
transaction KDP Restricted Stock Unit Options Exercise $0 -211K -100% $0.00* 0 Mar 4, 2024 Common Stock 211K Direct F4
transaction KDP Restricted Stock Unit Award $0 +162K $0.00 162K Mar 4, 2024 Common Stock 162K Direct F5
* 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 March 3, 2021 and vest in three installments as follows: 60% on March 3, 2024; 20% on March 3, 2025, and 20% on March 3, 2026. Sixty percent of the RSUs vested on March 4, 2024, the first trading day following March 3, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
F4 As previously disclosed, these RSUs were granted on March 4, 2019 and vested in full on March 4, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
F5 Subject to certain vesting conditions and exceptions, these RSUs vest in three installments as follows: 60% on March 4, 2027; 20% on March 4, 2028, and 20% on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.