Form 4: Keurig Dr Pepper Inc. Executive Reports Stock Transactions Following RSU Vesting
SEC Form 4
Senior VP & Controller Angela A. Stephens reports the vesting of restricted stock units (RSUs) and subsequent stock sales to cover taxes.
Summary
- On March 3, 2025, Angela A. Stephens, Senior VP & Controller of Keurig Dr Pepper Inc., reported transactions involving common stock and restricted stock units (RSUs).
- These transactions include the vesting of 6,605 and 2,776 RSUs, which converted into common stock on a one-for-one basis.
- A total of 2,497 and 1,028 shares were withheld for tax payments related to the RSU vesting at a price of $34.13 per share.
- Stephens also sold 7,350 shares of common stock at a weighted average price of $34.17 per share, with prices ranging from $34.17 to $34.18.
- Following these transactions, Stephens beneficially owns 74,587 shares of Keurig Dr Pepper Inc. common stock and 7,179 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies like Keurig Dr Pepper, used to align executive incentives with shareholder value.
- Companies such as Coca-Cola (KO) and PepsiCo (PEP) also utilize RSUs and stock options as part of their executive compensation packages.
- The vesting schedules and tax withholding practices described are standard procedures in line with SEC regulations and company policies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| March 3, 2021 | Date that 2,776 RSUs were granted, vesting in installments. |
| March 2, 2022 | Date that 6,605 RSUs were granted, vesting in installments. |
| March 3, 2024 | 60% of the 2,776 RSUs granted on March 3, 2021 vested. |
| March 2, 2025 | 60% of the 6,605 RSUs granted on March 2, 2022 vested. |
| March 3, 2025 | Date of reported transactions: RSU vesting, tax withholding, and stock sale. |
| March 2, 2026 | 20% of the 6,605 RSUs granted on March 2, 2022 will vest. |
| March 3, 2026 | 20% of the 2,776 RSUs granted on March 3, 2021 will vest. |
| March 2, 2027 | 20% of the 6,605 RSUs granted on March 2, 2022 will vest. |
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