KDP.NASDAQKeurig Dr Pepper INC

Form 4: Keurig Dr Pepper Executive Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Keurig Dr Pepper INC
🔒Login to Follow

Roger Frederick Johnson, Chief Supply Chain Officer of Keurig Dr Pepper Inc., reports the vesting and conversion of restricted stock units into common stock, along with a transaction to cover tax obligations.

Summary

  • On March 12, 2024, Roger Frederick Johnson, Chief Supply Chain Officer of Keurig Dr Pepper Inc., had restricted stock units (RSUs) vest and convert into 3,698 shares of common stock.
  • These RSUs converted on a one-for-one basis under the company's Omnibus Stock Incentive Plan of 2019.
  • Also on March 12, 2024, 1,456 shares were withheld to cover applicable taxes related to the vesting of the RSUs at a price of $29.19.
  • Following these transactions, Johnson directly owns 131,185 shares of Keurig Dr Pepper Inc. common stock and 3,697 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting scheduled vesting of 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 among publicly traded companies. It provides transparency regarding the holdings and transactions of key personnel.

Stakeholder Impact

  • The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU conversion.

Key Dates

DateDescription
03/12/2020Date the RSUs were granted.
03/12/202360% of the RSUs vested.
03/12/202420% of the RSUs vested and converted into common stock; shares withheld for tax payment.
03/12/2025Remaining 20% of the RSUs are scheduled to vest.
03/14/2024Date of Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.