Angela A. Stephens - Mar 3, 2025 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role
Senior VP & Controller
Signature
/s/ Mark Jackson, attorney in fact
Stock symbol
KDP
Transactions as of
Mar 3, 2025
Transactions value $
-$371,458
Form type
4
Date filed
3/5/2025, 06:10 PM
Previous filing
May 31, 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 +6.61K +8.68% $0.00 82.7K Mar 3, 2025 Direct F1
transaction KDP Common Stock Tax liability -$85.2K -2.5K -3.02% $34.13 80.2K Mar 3, 2025 Direct F2
transaction KDP Common Stock Options Exercise $0 +2.78K +3.46% $0.00 83K Mar 3, 2025 Direct F1
transaction KDP Common Stock Tax liability -$35.1K -1.03K -1.24% $34.13 81.9K Mar 3, 2025 Direct F2
transaction KDP Common Stock Sale -$251K -7.35K -8.97% $34.17 74.6K Mar 3, 2025 Direct F3

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 -6.61K -60% $0.00 4.4K Mar 3, 2025 Common Stock 6.61K Direct F4
transaction KDP Restricted Stock Unit Options Exercise $0 -2.78K -50% $0.00 2.78K Mar 3, 2025 Common Stock 2.78K Direct F5
* 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 price represents the weighted average sales price of the shares that were sold in multiple transactions at prices ranging from $34.17 to $34.18. 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.
F4 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.
F5 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.