Form 4: Keurig Dr Pepper Executive Chairman Robert Gamgort Reports Stock Transactions
SEC Form 4 Filing
Robert James Gamgort, Executive Chairman of Keurig Dr Pepper Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- Robert James Gamgort, Executive Chairman of Keurig Dr Pepper Inc., filed a Form 4 detailing changes in beneficial ownership.
- On July 26, 2024, 129,066 shares of common stock were acquired through the conversion of Restricted Stock Units (RSUs) at a price of $0.
- Also on July 26, 2024, shares were transferred between the reporting person and a grantor retained annuity trust.
- On July 29, 2024, 48,640 shares were disposed of at $33.74 per share to cover tax obligations related to the vesting of RSUs.
- Following these transactions, Gamgort directly owns 3,538,490 shares of common stock.
- Gamgort also indirectly owns 574,900 shares through a GRAT and 171,821 shares through a 2024 GRAT.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Related Party Transactions
- Shares were transferred between the reporting person and a grantor retained annuity trust.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 07/29/2022 | RSUs were granted |
| 07/26/2024 | RSUs vested and converted into common stock; shares transferred between reporting person and a grantor retained annuity trust |
| 07/29/2024 | Shares withheld for payment of applicable taxes upon vesting of RSUs |
| 07/30/2024 | Date of signature for the Form 4 filing |
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