Keurig Dr Pepper (NYSE: KDP) supply chain chief reports RSU grants and tax share withholding

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. Chief Supply Chain Officer Roger Frederick Johnson reported equity compensation transactions involving restricted stock units (RSUs) and common stock. On March 4, 2026, he received two new RSU awards of 103,915 units and 38,968 units, each converting into common stock on a one-for-one basis upon vesting.

According to the vesting terms, the 103,915 RSUs vest in four 25% installments on March 4, 2027, 2028, 2029, and 2030, while the 38,968 RSUs vest one-third on each of March 4, 2027, 2028, and 2029. On March 5, 2026, previously granted RSUs from March 5, 2025 vested and 6,757 RSUs were converted into 6,757 shares of common stock.

In connection with this vesting, 2,659 common shares were withheld at a price of $28.05 per share to cover applicable taxes, treated as a disposition for tax purposes under Rule 16b-3. After these transactions, Johnson directly owned 135,381 shares of common stock.

Insider Trade Summary

6,757 shares exercised/converted

Mixed 5 txns

Insider Johnson Roger Frederick

Role Chief Supply Chain Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	6,757	$0.00	--
Exercise	Common Stock	6,757	$0.00	--
Tax Withholding	Common Stock	2,659	$28.05	$75K
Grant/Award	Restricted Stock Unit	38,968	$0.00	--
Grant/Award	Restricted Stock Unit	103,915	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 20,271 shares (Direct); Common Stock — 138,040 shares (Direct)

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. Subject to certain vesting conditions and exceptions, these RSUs vest in four installments as follows: 25% on March 4, 2027; 25% on March 4, 2028; 25% on March 4, 2029; and 25% on March 4, 2030. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. Subject to certain vesting conditions and exceptions, these RSUs vest one third on each anniversary date as follows: one third on March 4, 2027; one third on March 4, 2028; and one third on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. As previously disclosed, these RSUs were granted on March 5, 2025, and vest in four installments as follows: 25% on March 5, 2026; 25% on March 5, 2027; 25% on March 5, 2028; and 25% on March 5, 2029. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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

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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^*

Johnson Roger Frederick

(Last) (First) (Middle)

6425 HALL OF FAME LANE

(Street)

FRISCO TX 75034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Keurig Dr Pepper Inc. [ KDP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Supply Chain Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/05/2026		M		6,757	A	$0(1)	138,040	D
Common Stock	03/05/2026		F		2,659(2)	D	$28.05	135,381	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(3)	03/04/2026		A		38,968		(3)	(3)	Common Stock	38,968	$0	38,968	D
Restricted Stock Unit	(4)	03/04/2026		A		103,915		(4)	(4)	Common Stock	103,915	$0	103,915	D
Restricted Stock Unit	(5)	03/05/2026		M			6,757	(5)	(5)	Common Stock	6,757	$0	20,271	D

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. Subject to certain vesting conditions and exceptions, these RSUs vest in four installments as follows: 25% on March 4, 2027; 25% on March 4, 2028; 25% on March 4, 2029; and 25% on March 4, 2030. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

4. Subject to certain vesting conditions and exceptions, these RSUs vest one third on each anniversary date as follows: one third on March 4, 2027; one third on March 4, 2028; and one third on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

5. As previously disclosed, these RSUs were granted on March 5, 2025, and vest in four installments as follows: 25% on March 5, 2026; 25% on March 5, 2027; 25% on March 5, 2028; and 25% on March 5, 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 fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did KDP Chief Supply Chain Officer report?

Roger Frederick Johnson reported RSU grants, RSU vesting, and tax-related share withholding. New restricted stock units totaling 103,915 and 38,968 were awarded, earlier RSUs converted into 6,757 common shares, and 2,659 shares were withheld to satisfy tax obligations at $28.05 per share.

How many Keurig Dr Pepper (KDP) shares does the officer own after these Form 4 transactions?

Following the reported transactions, Roger Frederick Johnson directly owned 135,381 shares of Keurig Dr Pepper common stock. This figure reflects RSUs that converted into 6,757 common shares and 2,659 shares withheld for taxes, along with his previously held common stock position.

What are the vesting schedules for the new KDP RSU awards reported?

The 103,915 RSUs vest 25% on March 4, 2027, 2028, 2029, and 2030. The 38,968 RSUs vest one third on March 4, 2027, one third on March 4, 2028, and one third on March 4, 2029, subject to specified vesting conditions and exceptions.

Were Keurig Dr Pepper (KDP) shares sold on the open market in this Form 4?

The filing shows no open-market sale. Instead, 2,659 common shares were disposed of by withholding at $28.05 per share to pay applicable taxes upon RSU vesting, as permitted under Rule 16b-3, rather than through a discretionary market transaction.

How do the RSUs reported by KDP’s officer convert into common stock?

Each restricted stock unit converts into one share of Keurig Dr Pepper common stock. Conversion occurs upon vesting according to the schedules disclosed, meaning that as vesting dates are reached, the RSUs settle into an equivalent number of common shares for the officer.

What prior KDP RSU grant vested in the reported Form 4 transactions?

The Form 4 notes that RSUs granted on March 5, 2025 vested in four 25% installments, beginning March 5, 2026 and continuing in 2027, 2028, and 2029. A portion of this award converted one-for-one into 6,757 common shares during the current reporting period.