Form 4: Keurig Dr Pepper CLO Shoemaker Reports Stock Activity

Keurig Dr Pepper's Chief Legal Officer, Anthony Shoemaker, reported the vesting and acquisition of common stock from restricted stock units and new RSU grants.

Summary

• Anthony Shoemaker, Chief Legal Officer of Keurig Dr Pepper Inc. (KDP), reported changes in his beneficial ownership of company securities.
• On March 5, 2026, 6,757 restricted stock units (RSUs) converted into common stock on a one-for-one basis. These RSUs were part of a grant from March 5, 2025, with a vesting schedule of 25% annually.
• Concurrently, 2,659 shares of common stock were withheld for the payment of applicable taxes upon the vesting of RSUs, at a price of $28.05 per share.
• Following these transactions, Shoemaker beneficially owns 140,281 shares of common stock directly.
• On March 4, 2026, Shoemaker was granted 38,968 new Restricted Stock Units, which vest in four equal installments of 25% on March 4, 2027, 2028, 2029, and 2030.
• Additionally, on March 4, 2026, Shoemaker received another grant of 103,915 Restricted Stock Units, vesting in three equal installments of one-third on March 4, 2027, 2028, and 2029.
• Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as largely neutral, reflecting routine executive compensation activities including RSU vesting and new grants, which are standard practice for aligning executive and shareholder interests.

Positives

• The Chief Legal Officer received new grants of 38,968 and 103,915 Restricted Stock Units, aligning his interests with long-term shareholder value.
• The vesting of 6,757 previously granted RSUs demonstrates the realization of equity compensation for the executive.

Risks

• The value of the unvested Restricted Stock Units is subject to the future market price fluctuations of Keurig Dr Pepper Inc. common stock.
• Vesting conditions and exceptions apply to the RSU grants, meaning the full amount may not be realized if conditions are not met.

Future Outlook

This filing reports past and scheduled future vesting events related to executive compensation and does not provide a company-wide future outlook.

Industry Context

StockSavvy.ai notes that equity compensation, particularly through Restricted Stock Units, is a standard practice across industries to incentivize and retain key executives, aligning their long-term interests with shareholder value. This filing reflects a routine aspect of executive compensation at a publicly traded company like Keurig Dr Pepper.

Stakeholder Impact

• Shareholders: The grants of RSUs align the Chief Legal Officer's long-term financial interests with the company's stock performance, potentially encouraging decisions that benefit shareholders.
• Employees: This filing specifically pertains to executive compensation and does not directly impact the broader employee base.

Next Steps

• Vesting of 25% of 38,968 RSUs on March 4, 2027, 2028, 2029, and 2030.
• Vesting of one-third of 103,915 RSUs on March 4, 2027, 2028, and 2029.
• Future vesting of remaining previously granted RSUs on March 5, 2027, 2028, and 2029.

Key Dates

Keywords

Keurig Dr Pepper, KDP, Anthony Shoemaker, Chief Legal Officer, Form 4, SEC filing, insider transaction, restricted stock units, RSU, equity compensation, stock ownership