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

Role
CEO & Executive Chairman, Director
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Mar 12, 2024
Transactions value $
-$467,624
Form type
4
Date filed
3/14/2024, 05:32 PM
Previous filing
Mar 5, 2024
Next filing
Jul 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +40.9K +1.36% $0.00 3.05M Mar 12, 2024 Direct F1, F2
transaction KDP Common Stock Tax liability -$468K -16K -0.53% $29.19 3.03M Mar 12, 2024 Direct F3
holding KDP Common Stock 1M Mar 12, 2024 By GRAT
holding KDP Common Stock 172K Mar 12, 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 -40.9K -50% $0.00 40.9K Mar 12, 2024 Common Stock 40.9K 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.