Form 4: Coca-Cola Executive Vice President Nancy Quan Reports Stock Sale and Option Exercise
SEC Form 4 Filing
Executive Vice President Nancy Quan of Coca-Cola reports the sale of 19,304 shares and the exercise of stock options.
Summary
- Nancy Quan, Executive Vice President of The Coca-Cola Company, filed a Form 4 detailing changes in beneficial ownership.
- On July 17, 2024, Quan exercised stock options to acquire 19,304 shares of Coca-Cola common stock at a price of $40.89 per share.
- On the same day, Quan sold 19,304 shares at a weighted average price of $64.9555, with prices ranging from $64.95 to $64.98.
- Following these transactions, Quan directly owns 223,330 shares of Coca-Cola common stock.
- Quan also indirectly owns 5,268 shares through The Coca-Cola Company 401(k) Plan and 9,845 hypothetical shares through a Supplemental 401(k) Plan.
- The sale was executed under a Rule 10b5-1 trading plan established on March 12, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the transactions of company insiders and is regulated by the SEC.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like Coca-Cola, similar to filings made by executives at PepsiCo (PEP) or Keurig Dr Pepper (KDP).
- The use of Rule 10b5-1 trading plans is also a common practice among executives to avoid accusations of insider trading, as it allows them to sell shares at predetermined times and prices.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but is unlikely to be significant given the volume of shares traded daily.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/16/2017 | Options granted under The Coca-Cola Company 2014 Equity Plan. |
| 03/12/2024 | Date the Rule 10b5-1 trading plan was established. |
| 07/17/2024 | Date of stock option exercise and stock sale. |
| 07/17/2024 | Shares credited to the reporting person's account under The Coca-Cola Company 401(k) Plan. |
| 07/18/2024 | Date of signature. |
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