Monique Oxender - Mar 4, 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
Chief Corp. Affairs Officer
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Mar 4, 2024
Transactions value $
-$140,233
Form type
4
Date filed
3/5/2024, 07:08 PM
Previous filing
Dec 14, 2023
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 +4.9K +8.62% $0.00 61.7K Mar 4, 2024 Direct F1
transaction KDP Common Stock Options Exercise $0 +11.5K +18.65% $0.00 73.3K Mar 4, 2024 Direct F1
transaction KDP Common Stock Tax liability -$140K -4.82K -6.58% $29.10 68.4K Mar 4, 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 -4.9K -60% $0.00 3.27K Mar 4, 2024 Common Stock 4.9K Direct F3
transaction KDP Restricted Stock Unit Options Exercise $0 -11.5K -100% $0.00* 0 Mar 4, 2024 Common Stock 11.5K Direct F4
transaction KDP Restricted Stock Unit Award $0 +24.1K $0.00 24.1K Mar 4, 2024 Common Stock 24.1K 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.