Form 4: Keurig Dr Pepper CEO Timothy Cofer Reports Stock Transactions
SEC Form 4 Filing
CEO Timothy Cofer reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On May 20, 2025, Timothy P. Cofer, CEO & President of Keurig Dr Pepper Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- 66,080 RSUs converted into common stock on a one-for-one basis.
- Shares were withheld for payment of applicable taxes upon the vesting of RSUs.
- Following the reported transactions, Cofer directly owns 440,070 shares of common stock and indirectly owns 400 shares through his children.
- He also directly owns 154,185 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| November 20, 2023 | Date the RSUs were granted. |
| May 20, 2025 | Date of the reported transactions, including RSU vesting and stock conversion. |
| May 20, 2026 | Next vesting date for 40% of the RSUs. |
| May 20, 2027 | Final vesting date for 30% of the RSUs. |
| May 21, 2025 | Date of signature for the Form 4 filing. |
Keywords
Keurig Dr Pepper, KDP, Timothy Cofer, CEO, Form 4, Stock Transaction, Restricted Stock Units, RSU, Insider Trading
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