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

Chief Supply Chain Officer Roger Frederick Johnson reports the vesting and conversion of restricted stock units (RSUs) into Keurig Dr Pepper Inc. common stock on March 4, 2024.

Summary

• Roger Frederick Johnson, Chief Supply Chain Officer of Keurig Dr Pepper Inc., reported transactions involving restricted stock units (RSUs) converting into common stock on March 4, 2024.
• A total of 8,328 RSUs granted on March 3, 2021, vested and converted into common stock at a price of $0 per share.
• An additional 19,194 RSUs granted on March 4, 2019, also vested and converted into common stock at $0 per share.
• 7,606 shares were withheld for payment of applicable taxes upon vesting of RSUs at a price of $29.1 per share.
• Johnson was also granted 41,238 RSUs that will vest in installments on March 4, 2027, March 4, 2028, and March 4, 2029.
• Following these transactions, Johnson directly owns 128,943 shares of Keurig Dr Pepper Inc. common stock and 41,238 RSUs.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't contain overtly positive or negative information, but the vesting of RSUs is generally a positive sign of continued employment and alignment of interests.

Positives

• The vesting of RSUs indicates a continued alignment of the executive's interests with those of the shareholders.

Future Outlook

The document indicates future vesting dates for the newly granted RSUs in 2027, 2028 and 2029, suggesting continued long-term incentives for the executive.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are used to align management's interests with those of shareholders. The vesting of RSUs is a standard form of compensation.

Comparison to Industry Standards

• Executive compensation packages, including RSUs, are common across the beverage industry.
• Companies like Coca-Cola (KO) and PepsiCo (PEP) also utilize stock-based compensation to incentivize their executives.
• The vesting schedules and terms of these RSUs are generally in line with industry practices for executive compensation.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.
• The transactions reflect the compensation structure for a key executive.

Key Dates