Eric Gorli - Feb 11, 2025 Form 3 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: President, US Refreshment Bev.
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Feb 11, 2025
Transactions value $: $0
Form type: 3
Date filed: 2/25/2025, 05:52 PM
Next filing: Mar 5, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KDP	Common Stock						62.6K	Feb 11, 2025	Direct

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
holding	KDP	Restricted Stock Unit							Feb 11, 2025	Common Stock	14.6K	$0.00	Direct	F1
holding	KDP	Restricted Stock Unit							Feb 11, 2025	Common Stock	12.4K	$0.00	Direct	F2
holding	KDP	Restricted Stock Unit							Feb 11, 2025	Common Stock	9.95K	$0.00	Direct	F3
holding	KDP	Restricted Stock Unit							Feb 11, 2025	Common Stock	11K	$0.00	Direct	F4
holding	KDP	Restricted Stock Unit							Feb 11, 2025	Common Stock	5.55K	$0.00	Direct	F5
holding	KDP	Restricted Stock Unit							Feb 11, 2025	Common Stock	6.94K	$0.00	Direct	F6
holding	KDP	Restricted Stock Unit							Feb 11, 2025	Common Stock	3.7K	$0.00	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Subject to certain vesting conditions and exceptions, these restricted stock units vest in three installments as follows: 60% on March 4, 2027; 20% on March 4, 2028, and 20% on March 4, 2029. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2	Subject to certain vesting conditions and exceptions, these restricted stock units vest in three installments as follows: 60% on March 1, 2026; 20% on March 1, 2027, and 20% on March 1, 2028. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3	Subject to certain vesting conditions and exceptions, these restricted stock units vest in three installments as follows: one third on September 13, 2025; one third on September 13, 2026, and one third on September 13, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F4	Subject to certain vesting conditions and exceptions, these restricted stock units vest in three installments as follows: 60% on March 2, 2025; 20% on March 2, 2026, and 20% on March 2, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F5	Subject to certain vesting conditions and exceptions, these restricted stock units vest in two equal installments as follows: 50% on March 3, 2025 and 50% of March 3, 2026. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F6	Represents matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs vest in full on September 15, 2025 ("Vesting Date"), subject to continued service with the Issuer and other vesting conditions. In addition, all or a portion of the Matching RSUs may be forfeited by the Reporting Person if specified stock ownership requirements are not maintained to the Vesting Date. Each Matching RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F7	Subject to certain vesting conditions and exceptions, these restricted stock units vest in full on March 12, 2025. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.