Form 4: Keurig Dr Pepper Executive Roger Frederick Johnson Reports Stock Transactions

Roger Frederick Johnson, Chief Supply Chain Officer of Keurig Dr Pepper Inc., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On September 16, 2024, Roger Frederick Johnson, Chief Supply Chain Officer of Keurig Dr Pepper Inc., had 8,681 Restricted Stock Units (RSUs) vest and convert into common stock.
• The RSUs converted on a one-for-one basis.
• 5,272 shares were withheld for payment of applicable taxes upon the vesting of the RSUs at a price of $37.35.
• Following these transactions, Johnson beneficially owns 103,409 shares of Keurig Dr Pepper Inc. common stock.
• The RSUs are matching restricted stock units granted in connection with the Issuer's Elite Investment Program and vest in three installments.
• One third of the Matching RSUs vested on September 16, 2024, the first trading day following September 15, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.

Positives

• The vesting of RSUs indicates a form of compensation and alignment with the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time.
• Tax withholding upon vesting is a standard practice.
• Companies like Coca-Cola (KO) and PepsiCo (PEP) also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects changes in insider ownership.
• Employees participating in the Elite Investment Program are directly affected by the vesting of RSUs.

Key Dates