Form 4: Coca-Cola Consolidated Chairman Transfers Shares to Family Trusts

J. Frank Harrison III, Chairman and CEO of Coca-Cola Consolidated, reports the transfer of Class B Common Stock to family trusts in a recent SEC filing.

Summary

• J. Frank Harrison III, Chairman and CEO of Coca-Cola Consolidated, filed a Form 4 with the SEC.
• The filing reports transactions involving Class B Common Stock and Common Stock.
• Specifically, it details the transfer of limited liability company interests in JFH3 Holdings LLC to The J. Frank Harrison, III 2021 Family Trust and The Jan M. Harrison 2021 Irrevocable Trust.
• These transfers represent 0.8800% and 0.8400% interests in JFH3 Holdings LLC, respectively.
• Harrison disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
• The filing also indicates shares held directly by JFH3 Holdings LLC, the JFH3 Family Limited Partnership-FH1, and a trust where Harrison is a co-trustee and beneficiary.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive share transfers to family trusts are a common estate planning strategy.

Key Dates

Keywords

Form 4, SEC Filing, Coca-Cola Consolidated, COKE, J. Frank Harrison III, Class B Common Stock, Family Trust, Share Transfer, Beneficial Ownership