Eric Gorli - 03 Mar 2025 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
President, US Refreshment Bev.
Signature
/s/ Mark Jackson, attorney in fact
Issuer symbol
KDP
Transactions as of
03 Mar 2025
Net transactions value
-$119,865
Form type
4
Filing time
05 Mar 2025, 18:04:33 UTC
Previous filing
25 Feb 2025
Next filing
07 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDP Common Stock Options Exercise $0 +6,605 +11% $0.000000 69,197 03 Mar 2025 Direct F1
transaction KDP Common Stock Tax liability $54,915 -1,609 -2.3% $34.13 67,588 03 Mar 2025 Direct F2
transaction KDP Common Stock Options Exercise $0 +2,776 +4.1% $0.000000 70,364 03 Mar 2025 Direct F1
transaction KDP Common Stock Tax liability $64,949 -1,903 -2.7% $34.13 68,461 03 Mar 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KDP Restricted Stock Unit Options Exercise $0 -6,605 -60% $0.000000 4,403 03 Mar 2025 Common Stock 6,605 Direct F3
transaction KDP Restricted Stock Unit Options Exercise $0 -2,776 -50% $0.000000 2,776 03 Mar 2025 Common Stock 2,776 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
F3 As previously disclosed, these RSUs were granted on March 2, 2022 and vest in three installments as follows: 60% on March 2, 2025; 20% on March 2, 2026, and 20% on March 2, 2027. Sixty percent of the RSUs vested on March 3, 2025, the first trading day following March 2, 2025. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
F4 As previously disclosed, these RSUs were granted on March 3, 2021 and vest in three installments as follows: 60% on March 3, 2024; 20% on March 3, 2025, and 20% on March 3, 2026. Twenty percent of the RSUs vested on March 3, 2025. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.