Robert James Gamgort - 12 Mar 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
CEO & Executive Chairman, Director
Signature
/s/ Mark Jackson, attorney in fact
Issuer symbol
KDP
Transactions as of
12 Mar 2024
Net transactions value
-$467,624
Form type
4
Filing time
14 Mar 2024, 17:32:23 UTC
Previous filing
05 Mar 2024
Next filing
30 Jul 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 +40,888 +1.4% $0.000000 3,048,984 12 Mar 2024 Direct F1, F2
transaction KDP Common Stock Tax liability $467,624 -16,020 -0.53% $29.19 3,032,964 12 Mar 2024 Direct F3
holding KDP Common Stock 1,000,000 12 Mar 2024 By GRAT
holding KDP Common Stock 171,821 12 Mar 2024 By 2024 GRAT

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 -40,888 -50% $0.000000 40,887 12 Mar 2024 Common Stock 40,888 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 Reflects shares transferred between the reporting person and a grantor retained annuity trust, which was exempt from reporting pursuant to Rule 16a-13.
F3 Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
F4 As previously disclosed, these RSUs were granted on March 12, 2020 and vest in three installments as follows: 60% on March 12, 2023; 20% on March 12, 2024, and 20% on March 12, 2025. Twenty percent of the RSUs vested on March 12, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.