Angela A. Stephens - 12 Mar 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Senior VP & Controller
Signature: /s/ Mark Jackson, attorney in fact
Issuer symbol: KDP
Transactions as of: 12 Mar 2024
Net transactions value: -$40,107
Form type: 4
Filing time: 14 Mar 2024, 17:37:42 UTC
Previous filing: 05 Mar 2024
Next filing: 02 May 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	+3,697	+3.7%	$0.000000	102,455	12 Mar 2024	Direct	F1
transaction	KDP	Common Stock	Tax liability	$40,107	-1,374	-1.3%	$29.19	101,081	12 Mar 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	-3,697	-50%	$0.000000	3,697	12 Mar 2024	Common Stock	3,697		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	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 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.