Form 4: Coca-Cola Director David B. Weinberg Reports Changes in Beneficial Ownership

Director David B. Weinberg reported changes in his beneficial ownership of Coca-Cola stock, primarily due to distributions from family trusts and estates.

Summary

• David B. Weinberg, a director at Coca-Cola, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The changes primarily stem from pro-rata distributions of shares from family trusts and the estate of a deceased family member.
• These distributions resulted in both direct and indirect ownership changes for Weinberg.
• Weinberg also holds phantom share units, which are economically equivalent to common stock, under the company's Directors' Plan.
• The reported transactions include the distribution of 56,738 shares and 152,930 shares from family trusts and 69,888 shares from a deceased family member's estate.
• Weinberg's total direct holdings after these transactions are 727,902 shares.
• He also has indirect holdings of 3,540,000 shares through family limited partnerships and 3,000,000 shares through family trusts.
• Additionally, he holds 66,394.3158 phantom share units.

Sentiment

Score: 7

Explanation: The document is neutral in sentiment, as it reports routine changes in ownership. There are no indications of positive or negative implications for the company's performance or outlook.

Positives

• The document provides transparency into the ownership structure of a key company director.
• The distributions from family trusts and estates do not represent a sale of shares, but rather a transfer of ownership.
• The director's continued holding of a significant number of shares indicates a continued alignment with the company's success.

Risks

• The document does not indicate any specific risks associated with the reported transactions.
• The changes in ownership are primarily due to family estate planning and do not reflect any change in the director's view of the company's prospects.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Management Comments

• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

This is a standard SEC filing for changes in beneficial ownership by a company director, which is common practice for publicly traded companies like Coca-Cola. It does not indicate any unusual activity or deviation from industry norms.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders in the US, and this filing is consistent with those requirements.
• The transactions reported are typical for estate planning and trust distributions, which are common among high-net-worth individuals and corporate directors.
• The use of phantom share units as part of director compensation is also a common practice among large public companies.

Stakeholder Impact

• The changes in ownership are not expected to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

beneficial ownership, Form 4, Coca-Cola, director, stock ownership, family trusts, estate, phantom share units, David B. Weinberg