Form 4: David B. Weinberg Reports Changes in Beneficial Ownership of Coca-Cola Co. Shares

Director David B. Weinberg reports changes in beneficial ownership of Coca-Cola Co. shares, including acquisitions of phantom share units.

Summary

• David B. Weinberg, a director of Coca-Cola Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report includes the acquisition of 5,248.4829 phantom share units on April 1, 2024, at a price of $60.97 per unit.
• These phantom share units are economically equivalent to shares of Coca-Cola common stock and were credited under The Coca-Cola Company Directors' Plan for 2024 compensation.
• The report also details the number of shares beneficially owned directly and indirectly through various trusts and partnerships.
• Weinberg disclaims beneficial ownership of shares held in trusts and partnerships except to the extent of his pecuniary interest.

Sentiment

Score: 5

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

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 routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track potential shifts in ownership and sentiment.

Key Dates