LARRY D. YOUNG - 04 Mar 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Director
Signature: /s/ Mark Jackson, attorney in fact
Issuer symbol: KDP
Transactions as of: 04 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 06 Mar 2024, 18:26:11 UTC
Previous filing: 15 Sep 2023
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	+6,143	+0.99%	$0.000000	625,260	04 Mar 2024	Direct	F1

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	-6,143	-100%	$0.000000^*	0	04 Mar 2024	Common Stock	6,143		Direct	F2
transaction	KDP	Restricted Stock Unit	Award	$0	+6,014		$0.000000	6,014	04 Mar 2024	Common Stock	6,014		Direct	F3

* 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	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.
F3	Subject to certain vesting conditions and exceptions, these RSUs vest on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.