Form 4: Keurig Dr Pepper Inc. Executive Exercises and Acquires Shares

Angela A. Stephens, Senior VP & Controller of Keurig Dr Pepper Inc., reports transactions involving restricted stock units and common stock.

Summary

• On March 4, 2024, Angela A. Stephens, Senior VP & Controller of Keurig Dr Pepper Inc., engaged in transactions involving restricted stock units (RSUs) and common stock.
• Stephens converted 8,328 RSUs into common stock and acquired 19,194 shares upon vesting of other RSUs.
• She also acquired 14,605 new RSUs that will vest in installments between 2027 and 2029.
• 6,360 shares were withheld for payment of applicable taxes upon vesting of RSUs at a price of $29.1.
• Following these transactions, Stephens directly owns 98,758 shares of Keurig Dr Pepper Inc. common stock and 14,605 RSUs.

Sentiment

Score: 5

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

Positives

• The acquisition of 14,605 new RSUs indicates continued alignment of the executive's interests with the long-term performance of the company.
• Vesting of RSUs is a standard form of compensation that incentivizes executives.

Future Outlook

The document outlines future vesting dates for the newly acquired RSUs, extending to March 4, 2029.

Industry Context

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

Comparison to Industry Standards

• Executive compensation packages including RSUs are standard practice among publicly traded companies like Keurig Dr Pepper.
• Vesting schedules and tax withholding practices are consistent with industry norms for equity-based compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• Employees may be impacted positively by the vesting of RSUs.

Key Dates