Form 4: KDP Officer's RSU Vesting & Tax Shares
Insider Transaction Report
Keurig Dr Pepper's Chief Supply Chain Officer, Roger Frederick Johnson, reported the vesting of 8,680 restricted stock units and the subsequent disposition of 3,711 shares for tax purposes.
Summary
- Roger Frederick Johnson, Chief Supply Chain Officer of Keurig Dr Pepper Inc. (KDP), reported transactions on September 15, 2025.
- 8,680 restricted stock units (RSUs) converted into common stock on a one-for-one basis.
- 3,711 shares of common stock were disposed of at a price of $26.75 per share to cover applicable taxes upon RSU vesting.
- Following these transactions, Johnson directly beneficially owns 115,953 shares of common stock.
- The RSUs were part of Matching RSUs granted on September 15, 2020, vesting in three equal installments on September 15, 2023, September 15, 2024, and September 15, 2025.
- This transaction represents the final one-third vesting of the aforementioned Matching RSUs.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as it reflects earned compensation for an executive, which is a normal and expected part of their compensation package. For the company and market, it is a neutral, routine transaction.
Positives
- The vesting of 8,680 restricted stock units represents earned compensation for the Chief Supply Chain Officer, Roger Frederick Johnson.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged and scheduled event.
Negatives
- 3,711 shares of common stock were disposed of to cover tax obligations, reducing the officer's direct beneficial ownership by that amount.
Future Outlook
The filing does not contain any forward-looking statements or guidance beyond the scheduled vesting of the restricted stock units.
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation, which is a common occurrence across all publicly traded companies and does not reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: The transaction is a routine executive compensation event and does not indicate a significant change in company strategy or financial health. The disposition of shares for taxes is a minor dilution event, but expected.
Key Dates
| Date | Description |
|---|---|
| 09/15/2020 | Grant date of the Matching Restricted Stock Units (RSUs) to Roger Frederick Johnson. |
| 09/15/2023 | First installment vesting date for the Matching RSUs. |
| 09/15/2024 | Second installment vesting date for the Matching RSUs. |
| 09/15/2025 | Transaction date for the vesting of the final one-third installment of Matching RSUs and subsequent tax withholding. |
| 09/17/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Keurig Dr Pepper, KDP, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Ownership, Rule 10b5-1
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