Form 4: Keurig Dr Pepper CEO Timothy Cofer Acquires Restricted Stock Units
SEC Form 4 Filing
Keurig Dr Pepper's CEO, Timothy P. Cofer, was granted 6,748 restricted stock units on September 12, 2024, which vest in installments over the next five years.
Summary
- On September 12, 2024, Timothy P. Cofer, CEO and President of Keurig Dr Pepper Inc., acquired 6,748 restricted stock units.
- These restricted stock units are subject to vesting conditions.
- 60% of the units will vest on September 12, 2027, 20% on September 12, 2028, and the remaining 20% on September 12, 2029.
- Each restricted stock unit represents the right to receive one share of Keurig Dr Pepper's common stock upon vesting.
Sentiment
Score: 7
Explanation: The granting of stock options is generally viewed as a positive sign, aligning management's interests with shareholders. It suggests confidence in the company's future performance.
Positives
- The vesting schedule incentivizes long-term performance by the CEO.
Future Outlook
The vesting schedule suggests a long-term commitment from the CEO to the company's success.
Industry Context
Granting restricted stock units is a common practice to align executive compensation with shareholder value and incentivize long-term growth.
Stakeholder Impact
- Shareholders may view this as a positive sign, aligning management's interests with the company's long-term success.
- Employees may see this as a sign of confidence in the company's leadership and future prospects.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of transaction: CEO acquired restricted stock units |
| 09/12/2027 | 60% of restricted stock units vest |
| 09/12/2028 | 20% of restricted stock units vest |
| 09/12/2029 | 20% of restricted stock units vest |
| 09/16/2024 | Date of Form 4 filing |
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