Anthony Shoemaker - Sep 16, 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
Chief Legal Officer
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Sep 16, 2024
Transactions value $
-$56,361
Form type
4
Date filed
9/18/2024, 06:06 PM
Previous filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +1.48K +1.61% $0.00 93.1K Sep 16, 2024 Direct F1
transaction KDP Common Stock Tax liability -$21.7K -581 -0.62% $37.35 92.5K Sep 16, 2024 Direct F2
transaction KDP Common Stock Options Exercise $0 +2.36K +2.55% $0.00 94.9K Sep 16, 2024 Direct F1
transaction KDP Common Stock Tax liability -$34.7K -928 -0.98% $37.35 94K Sep 16, 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 -2.36K -60.02% $0.00 1.57K Sep 16, 2024 Common Stock 2.36K Direct F3
transaction KDP Restricted Stock Unit Options Exercise $0 -1.48K -50.02% $0.00 1.48K Sep 16, 2024 Common Stock 1.48K 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 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 September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Sixty percent of the RSUs vested on September 16, 2024, the first trading day following September 14, 2024. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F4 As previously disclosed, these RSUs were granted on September 15, 2020 and vest in three installments as follows: 60% on September 15, 2023; 20% on September 15, 2024, and 20% on September 15, 2025. Twenty percent of the RSUs vested on September 16, 2024, the first trading day following September 15, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.