Roger Frederick Johnson - 04 Mar 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
Chief Supply Chain Officer
Signature
/s/ Mark Jackson, attorney in fact
Issuer symbol
KDP
Transactions as of
04 Mar 2024
Net transactions value
-$221,335
Form type
4
Filing time
05 Mar 2024, 19:06:56 UTC
Previous filing
19 Sep 2023
Next filing
14 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 +8,328 +7.6% $0.000000 117,355 04 Mar 2024 Direct F1
transaction KDP Common Stock Options Exercise $0 +19,194 +16% $0.000000 136,549 04 Mar 2024 Direct F1
transaction KDP Common Stock Tax liability $221,335 -7,606 -5.6% $29.10 128,943 04 Mar 2024 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 -8,328 -60% $0.000000 5,552 04 Mar 2024 Common Stock 8,328 Direct F3
transaction KDP Restricted Stock Unit Options Exercise $0 -19,194 -100% $0.000000* 0 04 Mar 2024 Common Stock 19,194 Direct F4
transaction KDP Restricted Stock Unit Award $0 +41,238 $0.000000 41,238 04 Mar 2024 Common Stock 41,238 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 RSU's 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.