Keurig Dr Pepper grants RSUs to coffee unit CEO

Keurig Dr Pepper Inc. granted CEO Coffee Operating Unit Rafael Oliveira two awards of 177,620 Restricted Stock Units (RSUs) each on April 27, 2026.

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. granted CEO Coffee Operating Unit Rafael Oliveira two awards of 177,620 Restricted Stock Units (RSUs) each on April 27, 2026. One grant vests 60% on April 27, 2029, 20% on April 27, 2030, and 20% on April 27, 2031. The other grant vests in three equal parts on April 27, 2027, April 27, 2028, and April 27, 2029. Each RSU converts into one share of common stock upon vesting.

Insider Trade Summary

Grant/Award: 355,240 shares

Grant/Award 2 txns

Insider OLIVEIRA RAFAEL

Role CEO Coffee Operating Unit

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	177,620	$0.00	$0.00
Grant/Award	Restricted Stock Unit	177,620	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 355,240 contracts (Direct)

Footnotes (2)

1. F1. Subject to certain vesting conditions and exceptions, these Restricted Stock Units ("RSUs") vest 60% on April 27, 2029; 20% on April 27, 2030; and 20% on April 27, 2031. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
2. F2. Subject to certain vesting conditions and exceptions, these RSUs vest one third on each anniversary date as follows: one third on April 27, 2027; one third on April 27, 2028; and one third on April 27, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

Key Figures

RSU grant size (award 1): 177,620 RSUs RSU grant size (award 2): 177,620 RSUs Grant price per RSU: $0.00 per unit +2 more

5 metrics

RSU grant size (award 1) 177,620 RSUs Grant to Rafael Oliveira on April 27, 2026; multi-year vesting

RSU grant size (award 2) 177,620 RSUs Second grant on April 27, 2026; three-year vesting schedule

Grant price per RSU $0.00 per unit Equity compensation grant, not an open-market purchase

First vesting dates (grant 1) 60%/20%/20% in 2029–2031 Vesting on Apr 27, 2029; Apr 27, 2030; Apr 27, 2031

First vesting dates (grant 2) One-third annually 2027–2029 Vesting on Apr 27, 2027; Apr 27, 2028; Apr 27, 2029

Key Terms

Restricted Stock Unit, vesting conditions, contingent right, common stock

4 terms

Restricted Stock Unit financial

"these Restricted Stock Units ("RSUs") vest 60% on April 27, 2029"

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.

vesting conditions financial

"Subject to certain vesting conditions and exceptions, these RSUs vest"

Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.

contingent right financial

"Each RSU represents a contingent right to receive one share"

common stock financial

"receive one share of the Issuer's common stock upon vesting"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What insider transaction did Keurig Dr Pepper (KDP) report for Rafael Oliveira?

Keurig Dr Pepper reported that CEO Coffee Operating Unit Rafael Oliveira received two grants of 177,620 Restricted Stock Units each. These equity awards are part of his compensation and convert into common shares only when vesting conditions are satisfied over several future dates.

How many Restricted Stock Units did Rafael Oliveira receive from Keurig Dr Pepper?

Rafael Oliveira received two separate awards of 177,620 Restricted Stock Units. Each award represents the right to receive an equivalent number of Keurig Dr Pepper common shares, subject to the specific multi‑year vesting schedules and conditions described in the Form 4 footnotes.

What are the vesting terms for one of Rafael Oliveira’s RSU grants at Keurig Dr Pepper?

One RSU grant vests 60% on April 27, 2029, 20% on April 27, 2030, and 20% on April 27, 2031. Vesting is subject to stated conditions, and each vested unit delivers one share of Keurig Dr Pepper common stock to the executive.

How does the second Keurig Dr Pepper RSU grant to Rafael Oliveira vest over time?

The second RSU award vests in three equal installments on April 27, 2027, April 27, 2028, and April 27, 2029. Each vested Restricted Stock Unit entitles Rafael Oliveira to receive one share of Keurig Dr Pepper common stock, assuming all vesting conditions are met.

Does Rafael Oliveira’s Keurig Dr Pepper RSU award involve any purchase or sale of shares?

The Form 4 shows RSU grants classified as acquisitions under a grant or award code, not open‑market buying or selling. The awards have a reported price of $0.00 per unit and represent equity compensation that may settle in shares only upon future vesting.

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

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Accepted by SEC EDGAR 04/29/2026 - 06:40 PM EDT 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^*

OLIVEIRA RAFAEL

(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)
	CEO Coffee Operating Unit

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

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

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	(1)	04/27/2026		A		177,620		(1)	(1)	Common Stock	177,620	$0	177,620	D
Restricted Stock Unit	(2)	04/27/2026		A		177,620		(2)	(2)	Common Stock	177,620	$0	177,620	D

Explanation of Responses:

1. Subject to certain vesting conditions and exceptions, these Restricted Stock Units ("RSUs") vest 60% on April 27, 2029; 20% on April 27, 2030; and 20% on April 27, 2031. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

2. Subject to certain vesting conditions and exceptions, these RSUs vest one third on each anniversary date as follows: one third on April 27, 2027; one third on April 27, 2028; and one third on April 27, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

Remarks:

	/s/ Mark Jackson, attorney in fact	04/29/2026
	** 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)