Form 4: Coca-Cola Director Carolyn Everson Reports Acquisition of Phantom Share Units

Director Carolyn Everson reports acquisition of phantom share units and common stock through dividend reinvestment.

Summary

• Carolyn Everson, a director of The Coca-Cola Company, filed a Form 4 on April 2, 2025, reporting changes in beneficial ownership.
• On April 1, 2025, Everson acquired 2,795.2481 phantom share units under The Coca-Cola Company Directors' Plan for 2025 compensation.
• These phantom share units are economically equivalent to shares of common stock and will be settled in cash after Everson leaves the Board.
• Everson also acquired 12 shares of common stock through a dividend reinvestment plan.
• Following these transactions, Everson beneficially owns 1,582 shares of common stock directly and 11,753.3497 phantom share units.
• The price of the derivative security is $71.55.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating standard compensation practices and investment activity. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The acquisition of phantom share units reflects ongoing compensation and alignment with the company's performance.
• Dividend reinvestment indicates a continued investment in Coca-Cola's common stock.

Future Outlook

The phantom share units will be settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. This filing indicates changes in Carolyn Everson's holdings of Coca-Cola stock and derivative securities.

Comparison to Industry Standards

• Director compensation packages often include equity-based awards like phantom shares to align director interests with shareholder value.
• Dividend reinvestment plans are common for directors and employees to increase their stake in the company.
• Comparing Everson's holdings and compensation structure to those of directors at peer companies like PepsiCo or Keurig Dr Pepper would provide a benchmark for assessing the competitiveness and alignment of her compensation.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation and ownership.
• The acquisition of phantom share units aligns the director's interests with the long-term performance of the company, potentially benefiting shareholders.

Key Dates

Keywords

Form 4, beneficial ownership, phantom share units, Coca-Cola, director, Everson, dividend reinvestment, compensation