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Keurig Dr Pepper (NYSE: KDP) SVP logs RSU vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. Senior VP & Controller Angela A. Stephens reported routine equity compensation activity involving restricted stock units (RSUs). On June 1, 2026, 2,950 RSUs converted into an equal number of common shares. In connection with this vesting, 1,161 common shares were withheld at $30.20 per share to cover applicable taxes under Rule 16b-3, rather than sold on the open market. Following these transactions, Stephens held 65,286 common shares directly, with 8,850 RSUs remaining outstanding from the referenced grant.

Positive

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Negative

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Insights

Routine RSU vesting with tax withholding, no open‑market trading.

Angela A. Stephens, Senior VP & Controller of Keurig Dr Pepper Inc., exercised 2,950 restricted stock units, which converted one-for-one into common stock. This reflects scheduled vesting from a prior grant under the company’s Omnibus Stock Incentive Plan.

To satisfy tax obligations on the vesting, 1,161 shares were withheld at $30.20 per share, a standard mechanism coded as an F transaction. This is not an open-market sale and does not indicate discretionary selling activity by the insider.

After these transactions, Stephens directly owned 65,286 common shares and 8,850 RSUs from the disclosed grant. With no remaining derivative positions listed beyond these RSUs, this filing mainly documents ongoing compensation rather than a change in investment stance.

Insider Stephens Angela A.
Role Senior VP & Controller
Type Security Shares Price Value
Exercise Restricted Stock Unit 2,950 $0.00 --
Exercise Common Stock 2,950 $0.00 --
Tax Withholding Common Stock 1,161 $30.20 $35K
Holdings After Transaction: Restricted Stock Unit — 8,850 shares (Direct, null); Common Stock — 66,447 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. As previously disclosed, these RSUs were granted on May 30, 2024, and vest in five installments as follows: 20% on May 30, 2025; 20% on June 1, 2026, the first trading day following May 30, 2026; 20% on May 30, 2027; 20% on May 30, 2028; and 20% on May 30, 2029. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
RSUs converted 2,950 shares Restricted stock units converting into common stock on June 1, 2026
Shares withheld for taxes 1,161 shares Withheld to pay taxes upon RSU vesting
Tax withholding price $30.20 per share Value used for F-code tax-withholding disposition
Common shares held 65,286 shares Direct common stock ownership following transactions
RSUs remaining 8,850 units Restricted stock units outstanding after the reported vesting
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") convert into common stock on a one-for-one basis."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Rule 16b-3 regulatory
"Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Omnibus Stock Incentive Plan of 2019 financial
"pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Stephens Angela A.
(Last)(First)(Middle)
6425 HALL OF FAME LANE
(Street)
FRISCO TEXAS 75034
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Keurig Dr Pepper Inc. [ KDP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior VP & Controller
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026M2,950A$0(1)66,447D
Common Stock06/01/2026F1,161(2)D$30.265,286D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(3)06/01/2026M2,950 (3) (3)Common Stock2,950$08,850D
Explanation of Responses:
1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
2. Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
3. As previously disclosed, these RSUs were granted on May 30, 2024, and vest in five installments as follows: 20% on May 30, 2025; 20% on June 1, 2026, the first trading day following May 30, 2026; 20% on May 30, 2027; 20% on May 30, 2028; and 20% on May 30, 2029. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
Remarks:
/s/ Mark Jackson, attorney in fact06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Angela A. Stephens report at Keurig Dr Pepper (KDP)?

Angela A. Stephens reported vesting of 2,950 restricted stock units that converted into common stock. In the same event, a portion of those shares was withheld to cover taxes, reflecting routine equity compensation activity rather than a discretionary market trade.

How many Keurig Dr Pepper (KDP) shares were withheld for taxes in this Form 4?

The filing shows 1,161 common shares were withheld at $30.20 per share to pay applicable taxes. This tax-withholding disposition is coded as an F transaction and occurs in connection with RSU vesting under Rule 16b-3, not through an open-market sale.

How many Keurig Dr Pepper (KDP) shares does Angela A. Stephens hold after this filing?

After the reported transactions, Angela A. Stephens directly holds 65,286 shares of Keurig Dr Pepper common stock. She also has 8,850 restricted stock units remaining from the disclosed grant, which may convert into additional shares as future vesting dates are reached.

What does the M transaction code mean in this Keurig Dr Pepper (KDP) Form 4?

The M code indicates an exercise or conversion of a derivative security, here 2,950 restricted stock units converting into common stock. This reflects scheduled vesting under an incentive plan, representing acquisition of shares via compensation rather than an open-market purchase.

Are the Keurig Dr Pepper (KDP) insider transactions in this Form 4 open-market buys or sells?

No, the transactions are not open-market buys or sells. They show RSU conversion into common stock and an F-coded tax-withholding disposition. Shares were withheld to satisfy taxes due on vesting, rather than voluntarily bought or sold on the open market.

What grant and vesting schedule are referenced in the Keurig Dr Pepper (KDP) Form 4 footnotes?

The footnotes explain the RSUs were granted on May 30, 2024, vesting in five 20% installments from 2025 through 2029. The June 1, 2026 event reflects the second 20% vesting tranche, converting RSUs into common stock one-for-one under the 2019 Omnibus Plan.