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

Role
Chief Legal Officer
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Mar 4, 2024
Transactions value $
-$59,015
Form type
4
Date filed
3/5/2024, 07:11 PM
Previous filing
Sep 19, 2023
Next filing
Sep 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +8.33K +9.76% $0.00 93.7K Mar 4, 2024 Direct F1
transaction KDP Common Stock Tax liability -$59K -2.03K -2.16% $29.10 91.6K 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 -8.33K -60% $0.00 5.55K Mar 4, 2024 Common Stock 8.33K Direct F3
transaction KDP Restricted Stock Unit Award $0 +24.1K $0.00 24.1K Mar 4, 2024 Common Stock 24.1K Direct F4
* 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 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.