Mary Beth DeNooyer - Mar 3, 2025 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Chief Human Resources Officer
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Mar 3, 2025
Transactions value $: -$668,329
Form type: 4
Date filed: 3/5/2025, 06:03 PM
Previous filing: Sep 17, 2024
Next filing: Mar 7, 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	+10.9K	+5.68%	$0.00	203K	Mar 3, 2025	Direct	F1
transaction	KDP	Common Stock	Tax liability	-$183K	-5.36K	-2.64%	$34.13	197K	Mar 3, 2025	Direct	F2
transaction	KDP	Common Stock	Options Exercise	$0	+4.57K	+2.32%	$0.00	202K	Mar 3, 2025	Direct	F1
transaction	KDP	Common Stock	Tax liability	-$76.9K	-2.25K	-1.12%	$34.13	200K	Mar 3, 2025	Direct	F2
transaction	KDP	Common Stock	Sale	-$409K	-12K	-6.01%	$34.05	188K	Mar 4, 2025	Direct	F3, F4

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	-10.9K	-60%	$0.00	7.25K	Mar 3, 2025	Common Stock	10.9K		Direct	F5
transaction	KDP	Restricted Stock Unit	Options Exercise	$0	-4.57K	-50%	$0.00	4.57K	Mar 3, 2025	Common Stock	4.57K		Direct	F6

* 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	The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 1, 2024.
F4	The price represents the weighted average sales price of the shares that were sold in multiple transactions at prices ranging from $33.64 to $34.51. The reporting person undertakes to provide to the Company, any security holder of the Company or the SEC, upon request, full information regarding the number of shares sold at each separate price.
F5	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.
F6	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.