Keurig Dr Pepper (KDP) executive converts RSUs, withholds 10,707 shares for taxes

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. Chief Supply Chain Officer Roger Frederick Johnson reported multiple equity award transactions. On March 2–3, 2026, he exercised RSUs that converted into a total of 26,037 common shares at no cost. To cover taxes on the vesting, he disposed of 10,707 common shares at prices around $29.57–$29.97 per share through share withholding, not open-market sales. After these transactions, he directly owned 131,283 common shares.

Insider Trade Summary

26,037 shares exercised/converted

Mixed 8 txns

Insider Johnson Roger Frederick

Role Chief Supply Chain Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,776	$0.00	--
Exercise	Common Stock	2,776	$0.00	--
Tax Withholding	Common Stock	1,173	$29.57	$35K
Exercise	Restricted Stock Unit	21,059	$0.00	--
Exercise	Restricted Stock Unit	2,202	$0.00	--
Exercise	Common Stock	21,059	$0.00	--
Exercise	Common Stock	2,202	$0.00	--
Tax Withholding	Common Stock	9,534	$29.97	$286K

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 132,456 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. 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. 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. 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.

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

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^*

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)
03/02/2026

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	03/02/2026		M		21,059	A	$0(1)	137,012	D
Common Stock	03/02/2026		M		2,202	A	$0(1)	139,214	D
Common Stock	03/02/2026		F		9,534(2)	D	$29.97	129,680	D
Common Stock	03/03/2026		M		2,776	A	$0(1)	132,456	D
Common Stock	03/03/2026		F		1,173(2)	D	$29.57	131,283	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)	03/02/2026		M			21,059	(3)	(3)	Common Stock	21,059	$0	14,039	D
Restricted Stock Unit	(4)	03/02/2026		M			2,202	(4)	(4)	Common Stock	2,202	$0	2,201	D
Restricted Stock Unit	(5)	03/03/2026		M			2,776	(5)	(5)	Common Stock	2,776	$0	0	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. 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.

4. 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.

5. 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.

Remarks:

	/s/ Mark Jackson, attorney in fact	03/04/2026
	** 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.

FAQ

What insider transactions did KDP officer Roger Frederick Johnson report?

Roger Frederick Johnson reported RSU exercises and related tax share withholdings. He converted 26,037 restricted stock units into common stock and had 10,707 shares withheld to satisfy tax obligations, all under Keurig Dr Pepper’s Omnibus Stock Incentive Plan of 2019.

Were Roger Frederick Johnson’s KDP stock disposals open-market sales?

No, the reported disposals were tax-withholding transactions, not open-market sales. A total of 10,707 shares of Keurig Dr Pepper common stock were withheld at about $29.57–$29.97 per share to pay taxes due upon RSU vesting and conversion.

How many Keurig Dr Pepper RSUs did Johnson convert into common stock?

Johnson converted 26,037 RSUs into Keurig Dr Pepper common shares. These RSUs were granted in prior years and vested in scheduled installments, converting one-for-one into common stock under the company’s 2019 Omnibus Stock Incentive Plan.

What is Roger Frederick Johnson’s KDP share ownership after these Form 4 transactions?

Following the reported RSU conversions and tax share withholdings, Roger Frederick Johnson directly owns 131,283 shares of Keurig Dr Pepper common stock. This figure reflects his holdings after all transactions on March 2 and March 3, 2026 were completed.

How were the vested RSUs for KDP’s Roger Frederick Johnson structured over time?

The RSUs were previously granted in 2021, 2022, and 2023 and vest in three installments: 60% on the first vesting date and 20% on each of the next two anniversaries. Each RSU converts into one Keurig Dr Pepper common share when vested.

What transaction codes appear in Roger Frederick Johnson’s KDP Form 4?

The Form 4 shows code M for RSU exercises and resulting share issuances, and code F for shares withheld to pay taxes. Code M reflects derivative security conversion, while code F indicates delivery of shares to satisfy tax liabilities at vesting.