Keurig Dr Pepper (KDP) CLO exercises RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. Chief Legal Officer Anthony Shoemaker reported multiple equity award transactions involving restricted stock units (RSUs) and common stock. On March 2 and 3, 2026, RSUs granted in prior years converted into common stock on a one-for-one basis under the company’s 2019 Omnibus Stock Incentive Plan.

He acquired blocks of common shares through these RSU conversions, including 12,285 and 3,626 shares on March 2 and 2,776 shares on March 3, all at a stated price of $0.00 per share, reflecting award settlement rather than open-market purchases. To cover tax obligations upon vesting, 6,262 shares on March 2 at $29.97 and 1,093 shares on March 3 at $29.57 were withheld as a tax-withholding disposition under Rule 16b-3. After these transactions, Shoemaker directly owned 136,183 shares of Keurig Dr Pepper common stock.

Insider Trade Summary

18,687 shares exercised/converted

Mixed 8 txns

Insider Shoemaker Anthony

Role Chief Legal 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	1,093	$29.57	$32K
Exercise	Restricted Stock Unit	12,285	$0.00	--
Exercise	Restricted Stock Unit	3,626	$0.00	--
Exercise	Common Stock	12,285	$0.00	--
Exercise	Common Stock	3,626	$0.00	--
Tax Withholding	Common Stock	6,262	$29.97	$188K

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 137,276 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^*

Shoemaker Anthony

(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 Legal 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		12,285	A	$0(1)	137,136	D
Common Stock	03/02/2026		M		3,626	A	$0(1)	140,762	D
Common Stock	03/02/2026		F		6,262(2)	D	$29.97	134,500	D
Common Stock	03/03/2026		M		2,776	A	$0(1)	137,276	D
Common Stock	03/03/2026		F		1,093(2)	D	$29.57	136,183	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			12,285	(3)	(3)	Common Stock	12,285	$0	8,189	D
Restricted Stock Unit	(4)	03/02/2026		M			3,626	(4)	(4)	Common Stock	3,626	$0	3,626	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.