Form 4: Coca-Cola Director Weinberg Reports Share Transactions

David B. Weinberg, a Director at Coca-Cola Co., has filed a Form 4 detailing transactions and beneficial ownership of company stock.

Summary

• David B. Weinberg, a Director of The Coca-Cola Company, has filed a Form 4 statement detailing changes in his beneficial ownership of company securities.
• The filing indicates transactions and holdings as of April 1, 2026, with an earliest transaction date of April 1, 2026.
• Weinberg holds common stock directly and indirectly through family limited partnerships and family trusts.
• The filing also reports on phantom share units acquired under The Coca-Cola Company Directors' Plan for 2026 compensation.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a standard disclosure of insider transactions and beneficial ownership without significant positive or negative financial implications presented.

Positives

• Director David B. Weinberg is actively managing his beneficial ownership and reporting transactions as required.
• The filing details a significant number of common shares held directly and indirectly, indicating substantial personal investment in the company.
• Acquisition of phantom share units for 2026 compensation suggests continued engagement and incentive alignment for the director.

Risks

• The filing mentions that the reporting person disclaims beneficial ownership of reported securities except to the extent of his pecuniary interest, which could imply a complex ownership structure.
• Phantom share units are settled in cash at a later date, introducing a time lag between earning and receiving the economic benefit.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding future financial performance. It primarily reports on current beneficial ownership and recent transactions.

Management Comments

• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
• The reported securities are held in three trusts of which the reporting person is one of three trustees. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
• Each phantom share unit is economically equivalent to one share of Common Stock.
• Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025 (the "Directors' Plan") for 2026 compensation, which may include voluntary deferred compensation.
• The phantom share units credited under the Directors' Plan are 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.
• This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for directors and officers of publicly traded companies, indicating adherence to regulatory requirements for transparency in beneficial ownership and insider transactions within the beverage industry.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased transparency regarding director's holdings and transactions, which can inform investment decisions.
• Management: Reinforces compliance with regulatory requirements for reporting beneficial ownership.
• Employees: Indirectly benefits from clear corporate governance and regulatory adherence.

Key Dates

Keywords

Form 4, SEC Filing, Coca-Cola Co, KO, David B. Weinberg, Director, Beneficial Ownership, Common Stock, Phantom Share Units, Insider Trading