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

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

Summary

• David Weinberg, a director of Coca-Cola Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates direct ownership of 727,902 shares of common stock.
• He also has indirect ownership of 3,540,000 shares through Family Limited Partnerships and 3,000,000 shares through Family Trusts.
• Weinberg acquired 4,472.3969 phantom share units under The Coca-Cola Company Directors' Plan effective January 1, 2020, for 2025 compensation.
• These phantom share units are economically equivalent to one share of Common Stock and are settled in cash upon leaving the Board.
• The price of the derivative security is $71.55.
• As of April 1, 2025, Weinberg beneficially owns 71,885.7191 derivative securities.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating standard insider activity. It doesn't convey strong positive or negative sentiment.

Positives

• The acquisition of phantom share units reflects continued alignment of director compensation with company performance.

Future Outlook

The phantom share units will be 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.

Management Comments

• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units (RSUs), or phantom shares to align executive interests with shareholder value, similar to practices at PepsiCo (PEP) and Keurig Dr Pepper (KDP).
• The Coca-Cola Company Directors' Plan is similar to director compensation plans at other large publicly traded companies, such as Procter & Gamble (PG) and Johnson & Johnson (JNJ), which also use a mix of cash and equity-based compensation.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key director.

Key Dates

Keywords

beneficial ownership, Form 4, Coca-Cola, David Weinberg, phantom share units, director, stock ownership