Form 4: Keurig Dr Pepper Executive Chairman Reports Stock Transactions

Robert James Gamgort, Executive Chairman of Keurig Dr Pepper, reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.

Summary

• On March 12, 2025, Robert James Gamgort, Executive Chairman of Keurig Dr Pepper Inc., had 40,887 restricted stock units (RSUs) vest and convert into common stock.
• These RSUs converted on a one-for-one basis.
• Gamgort also disposed of 15,463 shares of common stock to cover taxes due upon the vesting of the RSUs at a price of $32.81 per share.
• Following these transactions, Gamgort directly owns 3,262,490 shares of Keurig Dr Pepper common stock.
• He also indirectly owns 574,900 shares through a 2023 trust and 171,821 shares through a 2024 trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• Tax withholding upon vesting of RSUs is a standard practice.
• Similar filings are made by executives at comparable companies like Coca-Cola (KO) and PepsiCo (PEP) when they have stock transactions.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding executive stock ownership.

Key Dates