Form 4: Keurig Dr Pepper Director Pamela Patsley Reports Stock Transactions

Director Pamela Patsley reports the vesting and conversion of restricted stock units into Keurig Dr Pepper common stock.

Summary

• On March 4, 2024, Director Pamela Patsley converted 6,143 restricted stock units (RSUs) into common stock at a price of $0.
• These RSUs, granted on March 4, 2019, vested fully on March 4, 2024, and converted on a one-for-one basis under the Issuer's Omnibus Stock Incentive Plan of 2019.
• Patsley also acquired 6,014 new RSUs that will vest on March 4, 2029, subject to certain conditions.
• Following these transactions, Patsley directly owns 32,806 shares of Keurig Dr Pepper common stock and 6,014 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The newly acquired RSUs are subject to vesting conditions and will convert to common stock on March 4, 2029, contingent upon those conditions being met.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates