Form 4: Keurig Dr Pepper Executive Minogue Reports Stock Transactions

Patrick Minogue, President of US Coffee at Keurig Dr Pepper, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• Patrick Minogue, President, US Coffee at Keurig Dr Pepper, filed a Form 4 on March 14, 2025, reporting transactions that occurred on March 12, 2025.
• The transactions involved the vesting of 3,697 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
• 1,640 shares were withheld for payment of applicable taxes upon the vesting of the RSUs at a price of $32.81.
• Following these transactions, Minogue directly owns 76,620 shares of Keurig Dr Pepper common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like Keurig Dr Pepper and their executives.
• Similar filings are made by executives at comparable companies such as Coca-Cola (KO) and PepsiCo (PEP) when they exercise stock options or have restricted stock units vest.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
• The tax withholding benefits the government.

Key Dates