Patrick Minogue - Mar 12, 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
President, US Coffee
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Mar 12, 2024
Transactions value $
-$47,901
Form type
4
Date filed
3/14/2024, 05:38 PM
Previous filing
Mar 5, 2024
Next filing
May 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +3.7K +4.49% $0.00 86K Mar 12, 2024 Direct F1
transaction KDP Common Stock Tax liability -$47.9K -1.64K -1.91% $29.19 84.4K Mar 12, 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 -3.7K -50.01% $0.00 3.7K Mar 12, 2024 Common Stock 3.7K 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% vested on March 12, 2023; 20% on March 12, 2024; 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.