Keurig Dr Pepper exec converts RSUs, withholds shares
Keurig Dr Pepper Inc. President, US Refreshment Beverages Eric Gorli reported several equity award transactions.
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Rhea-AI Filing Summary
Keurig Dr Pepper Inc. President, US Refreshment Beverages Eric Gorli reported several equity award transactions. On March 2 and 3, 2026, restricted stock units (RSUs) granted in prior years converted into common stock on a one-for-one basis under the company’s 2019 Omnibus Stock Incentive Plan.
Through these conversions, Gorli acquired multiple blocks of common stock, including 7,459, 2,202, and 2,776 shares at no cash exercise price. Following these transactions and related withholdings, he directly held 94,195 common shares.
To cover tax obligations upon RSU vesting in accordance with Rule 16b-3, the company withheld 3,803 shares at $29.97 per share and 1,093 shares at $29.57 per share, which are reported as dispositions but do not reflect open-market sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,776 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,776 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,093 | $29.57 | $32K |
| Exercise | Restricted Stock Unit | 7,459 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 2,202 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,459 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,202 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,803 | $29.97 | $114K |
Footnotes (5)
- 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 1, 2023, and vest in three installments as follows: 60% on March 2, 2026, the first trading day following March 1, 2026; 20% on March 1, 2027; and 20% on March 1, 2028. 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 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. 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. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
FAQ
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What insider transactions did KDP executive Eric Gorli report on this Form 4?
How do the RSUs reported by Eric Gorli convert into Keurig Dr Pepper common stock?
Were Eric Gorli’s Keurig Dr Pepper transactions open-market purchases or sales?
AI-generated analysis. How Rhea-AI works. Not financial advice.