KDP.NASDAQKeurig Dr Pepper INC

Form 4: Keurig Dr Pepper Inc. Executive Timothy P. Cofer Reports Acquisition of Restricted Stock Units

Sentiment:

SEC Form 4 Filing

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Chief Operating Officer Timothy P. Cofer reports acquisition of 120,275 restricted stock units in Keurig Dr Pepper Inc.

Summary

  • On March 4, 2024, Timothy P. Cofer, Chief Operating Officer of Keurig Dr Pepper Inc., acquired 120,275 restricted stock units (RSUs).
  • These RSUs are subject to vesting conditions, with 60% vesting on March 4, 2027, 20% on March 4, 2028, and the remaining 20% on March 4, 2029.
  • Each RSU represents a contingent right to receive one share of Keurig Dr Pepper Inc.'s common stock upon vesting.
  • Following the transaction, Mr. Cofer directly owns 120,275 derivative securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of executive compensation.

Industry Context

This filing is a routine disclosure of executive compensation in the form of restricted stock units, a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

  • The granting of restricted stock units aligns the executive's interests with those of the shareholders, potentially incentivizing performance that benefits shareholders.

Key Dates

DateDescription
03/04/2024Date of transaction: Timothy P. Cofer acquired 120,275 restricted stock units.
03/04/202760% of the restricted stock units vest.
03/04/202820% of the restricted stock units vest.
03/04/202920% of the restricted stock units vest.
03/05/2024Date of signature by Mark Jackson, attorney in fact.

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