Keurig Dr Pepper (NYSE: KDP) executive details RSU grants, vesting and tax share disposition

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. executive Eric Gorli reported multiple equity award transactions involving restricted stock units (RSUs) and common stock. On March 4, 2026, he acquired 38,968 RSUs and 103,915 RSUs, each representing a contingent right to receive one share of common stock on a one-for-one basis, subject to multi‑year vesting schedules beginning on March 4, 2027.

On March 5, 2026, previously granted RSUs vested and 6,757 RSUs were converted into 6,757 shares of common stock at no exercise price. Also on March 5, 2026, 2,659 shares of common stock were disposed of at $28.05 per share to cover applicable taxes due upon RSU vesting under Rule 16b‑3, leaving Gorli with 98,293 shares of common stock held directly.

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

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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^*

Gorli Eric

(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)
	President, US Refreshment Bev.

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)	100,952	D
Common Stock	03/05/2026		F		2,659(2)	D	$28.05	98,293	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 executive Eric Gorli report on this Form 4?

Eric Gorli reported RSU grants, an RSU-to-stock conversion, and a tax-related share disposition. He received 38,968 and 103,915 RSUs, had 6,757 RSUs convert into common stock, and 2,659 shares were withheld at $28.05 to satisfy tax obligations.

How many restricted stock units did Eric Gorli receive from Keurig Dr Pepper (KDP)?

Eric Gorli received 38,968 RSUs and 103,915 RSUs. Each RSU represents a contingent right to receive one share of Keurig Dr Pepper common stock, subject to vesting conditions over several years starting March 4, 2027, and continuing through March 4, 2030 and March 4, 2029.

What are the vesting schedules for Eric Gorli’s new Keurig Dr Pepper RSU awards?

One RSU grant vests 25% on March 4 of 2027, 2028, 2029, and 2030. The other vests one third on March 4 of 2027, 2028, and 2029. Vesting is subject to specified conditions, after which each RSU delivers one share of common stock.

Why were 2,659 KDP shares disposed of in Eric Gorli’s Form 4 filing?

The 2,659 Keurig Dr Pepper shares were withheld to pay applicable taxes upon RSU vesting. This tax-withholding disposition, reported at $28.05 per share, was carried out in accordance with Rule 16b‑3 and does not represent an open-market sale initiated for investment reasons.

How did Eric Gorli’s direct ownership of Keurig Dr Pepper common stock change?

Following the reported transactions, Eric Gorli directly held 98,293 shares of Keurig Dr Pepper common stock. This reflects RSU conversion adding 6,757 shares and the tax-related disposition of 2,659 shares, as shown in the post-transaction ownership figures in the filing.

How do the reported RSU conversions affect Keurig Dr Pepper (KDP) common stock for Eric Gorli?

Previously granted RSUs vested on March 5, 2026 and converted into 6,757 shares of Keurig Dr Pepper common stock at no exercise price. This increased Gorli’s direct share holdings while simultaneously reducing his outstanding RSU balance associated with that earlier award.