Patrick Minogue - Sep 16, 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
Sep 16, 2024
Transactions value $
-$78,398
Form type
4
Date filed
9/18/2024, 06:08 PM
Previous 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 +4.34K +6.47% $0.00 71.4K Sep 16, 2024 Direct F1
transaction KDP Common Stock Tax liability -$78.4K -2.1K -2.94% $37.35 69.3K 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 -4.34K -50% $0.00 4.34K Sep 16, 2024 Common Stock 4.34K 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 September 15, 2020 and vest in four installments as follows: 25% on September 15, 2022; 25% on September 15, 2023, 25% on September 15, 2024, and 25% on September 15, 2025. Twenty-five 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.