Larry D. Young - Mar 4, 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Director
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Mar 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/6/2024, 06:26 PM
Previous filing: Sep 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock	Options Exercise	$0	+6.14K	+0.99%	$0.00	625K	Mar 4, 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	-6.14K	-100%	$0.00^*	0	Mar 4, 2024	Common Stock	6.14K		Direct	F2
transaction	KDP	Restricted Stock Unit	Award	$0	+6.01K		$0.00	6.01K	Mar 4, 2024	Common Stock	6.01K		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.