Form 4: Keurig Dr Pepper Director Paul S. Michaels Reports Stock Transactions
SEC Form 4 Filing
Director Paul S. Michaels reports the vesting and conversion of restricted stock units into Keurig Dr Pepper Inc. common stock.
Summary
- On March 4, 2024, Director Paul S. Michaels reported transactions involving Keurig Dr Pepper Inc. common stock.
- 6,143 Restricted Stock Units (RSUs) that were granted on March 4, 2019, vested and converted into 6,143 shares of common stock on a one-for-one basis.
- Additionally, 6,014 new RSUs were acquired, which will vest on March 4, 2029, subject to certain conditions.
- Following these transactions, Michaels directly owns 6,014 RSUs and 12,774 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency into the holdings and transactions of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/04/2019 | Date when 6,143 RSUs were granted, vesting on March 4, 2024 |
| 03/04/2024 | Date of reported transactions: vesting of 6,143 RSUs and acquisition of 6,014 new RSUs |
| 03/06/2024 | Date of signature on the Form 4 filing |
| 03/04/2029 | Vesting date for the 6,014 RSUs acquired on March 4, 2024 |
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