Form 4: Coca-Cola Executive Lisa Chang Reports Stock Option Grant and Beneficial Ownership Changes
SEC Form 4
Executive Vice President Lisa Chang reports the grant of stock options and changes in her beneficial ownership of Coca-Cola Company stock as of February 27, 2025.
Summary
- Lisa Chang, an Executive Vice President at The Coca-Cola Company, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On February 27, 2025, Chang was granted employee stock options for 45,598 shares at an exercise price of $70.9775, which vest in four equal installments starting February 27, 2026.
- As of February 27, 2025, Chang directly owns 94,676 shares of Coca-Cola common stock.
- She also indirectly owns 3,215 shares through her husband and 4,628 shares through The Coca-Cola Company 401(k) Plan.
- Additionally, Chang indirectly owns 4,127 hypothetical shares through a Supplemental 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Coca-Cola. It provides transparency to investors regarding the alignment of executive interests with shareholder value.
Comparison to Industry Standards
- Stock option grants are a standard component of executive compensation packages in large, publicly traded companies like Coca-Cola.
- The vesting schedule of the options (25% per year over four years) is a typical vesting arrangement.
- Companies like PepsiCo (PEP) and Nestle (NSRGY) also utilize stock options and restricted stock units as part of their executive compensation plans.
Stakeholder Impact
- The stock option grant aligns the executive's interests with those of shareholders, incentivizing her to increase the company's value.
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of stock option grant and share crediting to 401(k) plan. |
| 02/27/2026 | First vesting date for 1/4 of the granted stock options. |
| 02/26/2027 | Second vesting date for 1/4 of the granted stock options. |
| 02/29/2028 | Third vesting date for 1/4 of the granted stock options. |
| 02/28/2029 | Fourth vesting date for 1/4 of the granted stock options. |
| 02/28/2025 | Date of Form 4 filing. |
| 02/27/2035 | Expiration date of the stock options. |
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