Form 4: Keurig Dr Pepper Executive Reports Stock Transactions

Mary Beth DeNooyer, Chief Human Resources Officer of Keurig Dr Pepper, reports the vesting and conversion of restricted stock units into common stock, along with the withholding of shares for tax obligations.

Summary

• On March 12, 2024, Mary Beth DeNooyer, Chief Human Resources Officer of Keurig Dr Pepper, reported transactions involving the company's stock.
• 6,090 Restricted Stock Units (RSUs) vested and were converted into common stock on a one-for-one basis.
• 2,152 shares were withheld for payment of applicable taxes upon the vesting of the RSUs at a price of $29.19.
• Following these transactions, DeNooyer directly owns 131,409 shares of Keurig Dr Pepper common stock and 6,090 derivative securities.
• The RSUs were granted on March 12, 2020, and vest in three installments: 60% on March 12, 2023; 20% on March 12, 2024; and 20% on March 12, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment. It's a neutral disclosure.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the standard compensation practices for company executives.

Key Dates