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 and conversion of restricted stock units (RSUs) into common stock, as well as the withholding of shares for tax obligations.
Summary
- On March 4, 2024, Matthew Archambault, President, US Refreshment Beverages at Keurig Dr Pepper, reported transactions involving Keurig Dr Pepper Inc. common stock.
- These transactions involved the vesting and conversion of restricted stock units (RSUs) into common stock.
- Specifically, 8,328 RSUs, 4,083 RSUs, and 19,194 RSUs converted into common stock at a price of $0 per share.
- Additionally, 10,336 shares were withheld for payment of applicable taxes upon the vesting of RSUs at a price of $29.1.
- Following these transactions, Archambault directly owns 22,069 shares of common stock and 51,547 RSUs.
- 51,547 RSUs were acquired on March 4, 2024 and vest in three installments as follows: 60% on March 4, 2027; 20% on March 4, 2028, and 20% on March 4, 2029.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The document outlines the vesting schedule for additional RSUs, with future vesting dates in 2027, 2028 and 2029.
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 including 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 terms of these RSUs are generally aligned with industry norms for executive retention and performance incentives.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they reflect the planned vesting of executive compensation.
- Employees may be interested in the details of executive compensation as a benchmark.
Key Dates
| Date | Description |
|---|---|
| 03/03/2021 | Date when some of the RSUs were granted. |
| 03/03/2023 | 25% of some of the RSUs vested. |
| 03/04/2019 | Date when some of the RSUs were granted. |
| 03/03/2024 | Date when some of the RSUs were scheduled to vest. |
| 03/04/2024 | Date of the reported transactions (vesting and conversion of RSUs). |
| 03/05/2024 | Date of the Form 4 filing. |
| 03/04/2027 | Date when 60% of the RSUs will vest. |
| 03/04/2028 | Date when 20% of the RSUs will vest. |
| 03/04/2029 | Date when 20% of the RSUs will vest. |
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