KDP.NASDAQKeurig Dr Pepper INC

Form 4: Keurig Dr Pepper Exec Converts RSUs, Boosts Holdings

Sentiment:

Insider Transaction Report

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Keurig Dr Pepper's President of U.S. Coffee, Olivier Lemire, converted restricted stock units into common stock and had shares withheld for taxes in early March 2026.

Summary

  • Olivier Lemire, President, U.S. Coffee at Keurig Dr Pepper Inc. (KDP), reported transactions involving common stock and restricted stock units (RSUs).
  • On March 2, 2026, Lemire acquired 7,459 shares of common stock upon conversion of RSUs at a price of $0.
  • On March 2, 2026, an additional 2,202 shares of common stock were acquired upon conversion of RSUs at a price of $0.
  • On March 2, 2026, 5,080 shares of common stock were disposed of (withheld for taxes) at a price of $29.97.
  • On March 3, 2026, 1,291 shares of common stock were acquired upon conversion of RSUs at a price of $0.
  • On March 3, 2026, 653 shares of common stock were disposed of (withheld for taxes) at a price of $29.57.
  • Following these transactions, Lemire beneficially owned 41,471 shares of common stock directly.
  • Remaining derivative securities include 4,972 RSUs from a March 1, 2023 grant, 2,201 RSUs from a March 2, 2022 grant, and 0 RSUs from a March 3, 2021 grant (as the last tranche vested).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting the routine vesting of executive compensation, which is a normal part of a company's incentive structure and aligns executive interests with shareholders.

Positives

  • Executive Olivier Lemire converted a significant number of restricted stock units (RSUs) into common stock, indicating successful vesting of long-term incentives.

Negatives

  • A total of 5,733 shares were withheld for tax payments (5,080 shares at $29.97 and 653 shares at $29.57), reducing the net shares received by the executive.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that RSU conversions are standard executive compensation events and do not typically signal broader industry trends. This is a routine insider transaction reflecting the company's established incentive plans.

Stakeholder Impact

  • Shareholders: The conversion of RSUs increases the number of outstanding shares, though the impact is typically minor for routine vesting. The executive's increased direct ownership aligns interests with shareholders.
  • Employees: Reflects the company's ongoing executive compensation practices, which can influence employee morale and retention strategies.

Next Steps

  • Remaining RSUs from the March 1, 2023 grant are scheduled to vest 20% on March 1, 2027, and 20% on March 1, 2028.
  • Remaining RSUs from the March 2, 2022 grant are scheduled to vest 20% on March 2, 2027.

Key Dates

DateDescription
03/03/2021Grant date for RSUs, with vesting installments on March 3, 2024 (60%), March 3, 2025 (20%), and March 3, 2026 (20%).
03/02/2022Grant date for RSUs, with vesting installments on March 2, 2025 (60%), March 2, 2026 (20%), and March 2, 2027 (20%).
03/01/2023Grant date for RSUs, with vesting installments on March 2, 2026 (60%), March 1, 2027 (20%), and March 1, 2028 (20%).
03/03/2024Vesting date for 60% of RSUs granted on March 3, 2021.
03/02/2025Vesting date for 60% of RSUs granted on March 2, 2022.
03/03/2025Vesting date for 20% of RSUs granted on March 3, 2021.
03/02/2026Transaction date for RSU conversions and tax withholdings. Also, vesting date for 60% of RSUs granted on March 1, 2023, and 20% of RSUs granted on March 2, 2022.
03/03/2026Transaction date for RSU conversions and tax withholdings. Also, vesting date for 20% of RSUs granted on March 3, 2021.
03/04/2026Filing date of the Form 4.
03/01/2027Scheduled vesting date for 20% of RSUs granted on March 1, 2023.
03/02/2027Scheduled vesting date for 20% of RSUs granted on March 2, 2022.
03/01/2028Scheduled vesting date for 20% of RSUs granted on March 1, 2023.

Recommendation

hold

This Form 4 filing details routine executive compensation events (RSU vesting and tax-related share withholding) and does not provide new information that would fundamentally alter the investment thesis for Keurig Dr Pepper Inc. It is a standard disclosure of insider ownership changes, not a catalyst for a change in investment recommendation.

Keywords

KDP, Keurig Dr Pepper, Form 4, insider trading, RSU, restricted stock units, executive compensation, Olivier Lemire

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