Keurig Dr Pepper CLO gets 60K shares from RSUs

Keurig Dr Pepper’s Chief Legal Officer had RSUs vest and convert into common stock, with a portion of the new shares withheld to cover tax obligations.

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. (KDP) reported that Chief Legal Officer Anthony Shoemaker had previously granted restricted stock units vest and convert into common stock on September 14, 2026. 59,781 Matching RSUs from the Elite Investment Program and 785 additional RSUs converted into common stock on a one-for-one basis under the company’s Omnibus Stock Incentive Plan.

On the same date, 23,833 common shares were withheld at $31.58 per share to pay applicable taxes upon RSU vesting in accordance with Rule 16b-3. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

60,566 shares exercised/converted

Exercise 5 txns

Insider Shoemaker Anthony

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F3	59,781	$0.00	$0.00
Exercise	Restricted Stock Unit F4	785	$0.00	$0.00
Exercise	Common Stock F1	59,781	$0.00	$0.00
Exercise	Common Stock F1	785	$0.00	$0.00
Tax Withholding	Common Stock F2	23,833	$31.58	$753K

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Common Stock — 177,014 shares (Direct)

Footnotes (4)

1. F1. Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.
2. F2. Shares of common stock withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
3. F3. As previously disclosed, these RSUs represent matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs were granted on September 14, 2021 and vested in full on September 14, 2026. The Matching RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2026.
4. F4. RSUs were granted September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Tweny percent of the RSUs vested on September 14, 2026. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Ombinus Stock Incentive Plan of 2026.

Key Figures

Matching RSUs converted: 59,781 units Additional RSUs converted: 785 units Total RSUs exercised/converted: 60,566 units +4 more

7 metrics

Matching RSUs converted 59,781 units Matching RSUs from Elite Investment Program converted to common stock on September 14, 2026

Additional RSUs converted 785 units Non-matching RSUs converting to common stock on September 14, 2026

Total RSUs exercised/converted 60,566 units Aggregate derivative exercises reported in the transaction summary

Shares withheld for taxes 23,833 shares Common stock withheld to pay tax liability upon RSU vesting

Withholding price per share $31.58 per share Price used for shares withheld for tax payment under code F transaction

Grant date of Matching RSUs September 14, 2021 Matching RSUs granted under Elite Investment Program

Vesting completion date of Matching RSUs September 14, 2026 Matching RSUs vested in full on this date

Key Terms

Restricted Stock Unit, Rule 16b-3, Elite Investment Program, Omnibus Stock Incentive Plan

4 terms

Restricted Stock Unit financial

"Restricted Stock Unit converts into common stock on a one-for-one basis"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Rule 16b-3 regulatory

"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.

Elite Investment Program financial

"Matching RSUs granted to the Reporting Person in connection with the Issuer's Elite Investment Program"

Omnibus Stock Incentive Plan financial

"converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider equity activity did KDP report for Chief Legal Officer Anthony Shoemaker?

Keurig Dr Pepper reported that RSUs vested and converted into common stock for Chief Legal Officer Anthony Shoemaker on September 14, 2026, with some of the resulting shares withheld to satisfy tax obligations.

How many Keurig Dr Pepper (KDP) RSUs converted to common stock for Anthony Shoemaker?

A total of 60,566 RSUs converted to Keurig Dr Pepper common stock: 59,781 Matching RSUs from the Elite Investment Program and 785 additional RSUs, each converting into one share of common stock.

How many KDP shares were withheld to cover taxes on the RSU vesting?

Keurig Dr Pepper reported that 23,833 common shares were withheld from Anthony Shoemaker at $31.58 per share to pay applicable taxes upon vesting of RSUs, in accordance with Rule 16b-3.

Were Anthony Shoemaker’s KDP transactions made under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is affirmed for these transactions; they are reported as equity award vesting and related tax withholding rather than trades under a pre-arranged plan.

What was the origin of the Matching RSUs that vested for KDP’s Chief Legal Officer?

The 59,781 Matching RSUs were granted on September 14, 2021 in connection with Keurig Dr Pepper’s Elite Investment Program and vested in full on September 14, 2026, then converted one-for-one into common stock.

What was the vesting schedule for the non-matching KDP RSUs in this Form 4?

The additional RSUs were granted on September 14, 2021 and vest in three installments: 60% on September 14, 2024, 20% on September 14, 2025, and 20% on September 14, 2026. The portion vesting on September 14, 2026 converted into common stock one-for-one.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 05:42 PM Accepted by SEC EDGAR 09/16/2026 - 05:42 PM Learn about SEC filing dates

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

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^*

Shoemaker Anthony

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/14/2026		M		59,781	A	$0(1)	200,062	D
Common Stock	09/14/2026		M		785	A	$0(1)	200,847	D
Common Stock	09/14/2026		F		23,833(2)	D	$31.58	177,014	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)	09/14/2026		M			59,781	(3)	(3)	Common Stock	59,781	$0	0	D
Restricted Stock Unit	(4)	09/14/2026		M			785	(4)	(4)	Common Stock	785	$0	0	D

Explanation of Responses:

1. Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.

2. Shares of common stock withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.

3. As previously disclosed, these RSUs represent matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs were granted on September 14, 2021 and vested in full on September 14, 2026. The Matching RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2026.

4. RSUs were granted September 14, 2021 and vest in three installments as follows: 60% on September 14, 2024; 20% on September 14, 2025, and 20% on September 14, 2026. Tweny percent of the RSUs vested on September 14, 2026. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Ombinus Stock Incentive Plan of 2026.

Remarks:

	/s/ Jamie Friesen, attorney in fact	09/16/2026
	** Signature of Reporting Person	Date
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)