Form 4: Keurig Dr Pepper Executive Johnson Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Roger Frederick Johnson, Chief Supply Chain Officer at Keurig Dr Pepper, exercised restricted stock units (RSUs) and disposed of shares to cover tax obligations on March 3, 2025.
Summary
- On March 3, 2025, Roger Frederick Johnson, Chief Supply Chain Officer of Keurig Dr Pepper Inc., executed transactions involving restricted stock units and common stock.
- Johnson converted 6,605 and 2,776 Restricted Stock Units (RSUs) into common stock.
- He then disposed of 2,811 and 1,093 shares of common stock at a price of $34.14 and $34.13 respectively to cover tax obligations.
- Following these transactions, Johnson directly owns 108,886 shares of Keurig Dr Pepper common stock and 7,179 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard Form 4 filing related to executive compensation and tax obligations, with no indication of positive or negative sentiment regarding the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It doesn't necessarily indicate a change in the company's prospects or management's confidence.
Comparison to Industry Standards
- Executive compensation packages including stock options and RSUs are standard practice among publicly traded companies like Keurig Dr Pepper.
- Companies such as Coca-Cola (KO) and PepsiCo (PEP) also utilize similar equity-based compensation plans for their executives.
- The vesting schedules and tax withholding practices described in the filing are consistent with typical arrangements in the industry.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they are related to executive compensation and tax obligations.
- Employees may be indirectly affected by the company's overall financial performance, but this filing does not directly impact them.
- Customers, suppliers, and creditors are unlikely to be affected by these transactions.
Key Dates
| Date | Description |
|---|---|
| March 3, 2021 | Date of grant for 2,776 RSUs vesting in installments. |
| March 2, 2022 | Date of grant for 6,605 RSUs vesting in installments. |
| March 3, 2024 | 60% of the RSUs granted on March 3, 2021 vested. |
| March 3, 2025 | Transactions occurred: RSUs converted to stock, shares disposed of for tax obligations; 20% of the RSUs granted on March 3, 2021 vested; 60% of the RSUs granted on March 2, 2022 vested. |
| March 2, 2026 | 20% of the RSUs granted on March 2, 2022 are scheduled to vest. |
| March 3, 2026 | 20% of the RSUs granted on March 3, 2021 are scheduled to vest. |
| March 2, 2027 | 20% of the RSUs granted on March 2, 2022 are scheduled to vest. |
| March 5, 2025 | Date of Form 4 filing. |
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