Form 4: Keurig Dr Pepper Inc. Executive Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Anthony Shoemaker, Chief Legal Officer of Keurig Dr Pepper Inc., exercised stock options and disposed of shares to cover tax obligations on May 19, 2025.
Summary
- On May 19, 2025, Anthony Shoemaker, the Chief Legal Officer of Keurig Dr Pepper Inc., exercised 35,000 Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
- Shoemaker also disposed of 13,773 shares of common stock at a price of $33.83 to cover applicable taxes upon the vesting of the RSUs.
- Following these transactions, Shoemaker beneficially owns 123,481 shares of Keurig Dr Pepper Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an executive, and does not inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and does not represent a new issuance of shares.
Key Dates
| Date | Description |
|---|---|
| 05/18/2020 | Matching RSUs were granted to the Reporting Person in connection with the Issuer's Elite Investment Program. |
| 05/19/2025 | Date of transaction: exercise of RSUs and disposal of shares for tax obligations. |
| 05/19/2025 | Matching RSUs vested in full. |
| 05/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Keurig Dr Pepper Inc., Anthony Shoemaker, Stock Options, RSUs, Form 4, Beneficial Ownership, Tax Obligations, KDP
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