Form 4: Coca-Cola Director Herbert A. Allen III Reports Changes in Beneficial Ownership

Director Herbert A. Allen III reports changes in beneficial ownership of Coca-Cola stock, including acquisitions of phantom share units.

Summary

• Herbert A. Allen III, a director of Coca-Cola, filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
• The report indicates that Allen acquired 4,756.4376 phantom share units on April 1, 2024, under The Coca-Cola Company Directors' Plan.
• These phantom share units are economically equivalent to shares of Coca-Cola common stock and were credited as part of his 2024 compensation.
• The phantom share units will be settled in cash after Allen leaves the Board, specifically the later of January 15 of the year following his departure or six months after his departure date.
• Allen also indirectly owns 99,054 shares of Coca-Cola through Allen & Company LLC, where he serves as President.
• He directly owns 162,610 shares of Coca-Cola common stock.

Sentiment

Score: 5

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

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, ensuring fair market practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the compensation and ownership stake of a key director.

Key Dates