Form 4: Coca-Cola Director Marc Bolland Reports Changes in Beneficial Ownership
SEC Form 4
Director Marc Bolland reports acquisition of phantom share units and disposal of common stock.
Summary
- Marc Bolland, a director of The Coca-Cola Company, filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of Coca-Cola securities.
- Bolland acquired 3,280.3018 phantom share units on April 1, 2024, at a price of $60.97 per unit.
- These units were credited under The Coca-Cola Company Directors' Plan for 2024 compensation.
- He also disposed of 10,000 shares of common stock.
- Bolland now beneficially owns 48,366.9063 phantom share units, including those accrued through April 1, 2024, due to credited phantom dividends.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation and stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The 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.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders, as they can provide insights into management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/01/2020 | Effective date of The Coca-Cola Company Directors' Plan |
| 04/01/2024 | Date of transaction: Acquisition of phantom share units and disposal of common stock |
| 04/03/2024 | Date of Form 4 filing |
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