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 12, 2025, Director Paul S. Michaels converted 6,960 restricted stock units (RSUs) into common stock of Keurig Dr Pepper Inc.
- The RSUs, granted on March 12, 2020, vested in full on March 12, 2025, and converted on a one-for-one basis under the Issuer's Omnibus Stock Incentive Plan of 2019.
- Following the transaction, Michaels directly owns 19,734 shares of Keurig Dr Pepper Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine conversion of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 03/12/2020 | Date the restricted stock units were granted. |
| 03/12/2025 | Date of RSU vesting and conversion to common stock. |
| 03/14/2025 | Date of Form 4 signature. |
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