Form 4: Keurig Dr Pepper Executive Matthew Archambault Reports Stock Transactions
SEC Form 4 Filing
Matthew Archambault, President of US Refreshment Beverages at Keurig Dr Pepper, reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On March 12, 2024, Matthew Archambault, President, US Refreshment Bev. at Keurig Dr Pepper, reported transactions involving Keurig Dr Pepper Inc. [KDP] common stock.
- Archambault converted 3,698 Restricted Stock Units (RSUs) into common stock at a price of $0.
- Following the conversion, 1,578 shares were withheld for payment of applicable taxes at a price of $29.19.
- After these transactions, Archambault directly owns 24,189 shares of Keurig Dr Pepper common stock and 3,697 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/12/2020 | Date the Restricted Stock Units were granted. |
| 03/12/2023 | 60% of the Restricted Stock Units vested. |
| 03/12/2024 | 20% of the Restricted Stock Units vested and were converted to common stock; transaction date. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
| 03/12/2025 | Remaining 20% of the Restricted Stock Units will vest. |
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