Form 4: Coca-Cola Director David Weinberg Reports Gift of Shares and Beneficial Ownership

Director David Weinberg reported gifting shares to family members and detailed his beneficial ownership of Coca-Cola stock through various trusts and partnerships.

Summary

• On February 26, 2024, David B. Weinberg, a director of Coca-Cola Co, reported a transaction involving the gifting of 49,200 shares of common stock to family members.
• Following this transaction, Weinberg directly owns 658,014 shares.
• Weinberg also has indirect ownership through various entities: 152,930 shares via an Estate Trust of a Deceased Family Member, 3,540,000 shares via Family Limited Partnerships, 56,738 shares via a Marital Trust of a Deceased Family Member, and 3,000,000 shares via Family Trusts.
• He also owns 59,687.927 phantom share units, each equivalent to one share of common stock, accrued through December 15, 2023, under the Directors' Plan.
• These phantom share units will be settled in cash the later of January 15 of the year following the year in which the reporting person leaves the Board, or six months following the date on which the reporting person leaves the Board.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency to investors regarding the ownership stake of key personnel.

Related Party Transactions

• The reporting person gifted shares to family members.

Stakeholder Impact

• The gifting of shares may have a minor impact on shareholders due to the change in ownership distribution, but it is unlikely to be significant.

Key Dates