Form 4: Keurig Dr Pepper Executive Eric Gorli Reports Stock Transactions
SEC Form 4 Filing
Eric Gorli, President of US Refreshment Beverages at Keurig Dr Pepper, reports the vesting and conversion of restricted stock units into common stock, along with the withholding of shares for tax obligations.
Summary
- On March 3, 2025, Eric Gorli, President of US Refreshment Beverages at Keurig Dr Pepper, reported transactions involving Keurig Dr Pepper Inc. [KDP] common stock.
- Gorli converted 6,605 and 2,776 Restricted Stock Units (RSUs) into common stock at a price of $0.
- These RSUs vested according to previously disclosed schedules from grants made on March 2, 2022, and March 3, 2021.
- A portion of the shares were withheld to cover applicable taxes, with 1,609 shares withheld at $34.13 and 1,903 shares withheld at $34.13.
- Following these transactions, Gorli directly owns 68,461 shares of Keurig Dr Pepper common stock and 2,776 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The vesting of RSUs indicates that the executive is meeting the conditions of their compensation package.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- Vesting schedules are common, typically spanning several years to incentivize long-term performance.
- Tax withholding practices are standard procedure when stock options or RSUs vest.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard compensation practices for company executives.
Key Dates
| Date | Description |
|---|---|
| 2021-03-03 | Date of original RSU grant, vesting in installments. |
| 2022-03-02 | Date of original RSU grant, vesting in installments. |
| 2025-03-03 | Date of transaction: RSU conversion and tax withholding. |
| 2025-03-05 | Date of signature on the Form 4 filing. |
| 2026-03-02 | Next vesting date for RSUs granted on March 2, 2022. |
| 2026-03-03 | Next vesting date for RSUs granted on March 3, 2021. |
| 2027-03-02 | Final vesting date for RSUs granted on March 2, 2022. |
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