KDP Insider Filing: Eric Gorli RSUs Vest; 4,039 Shares Withheld for Taxes
Rhea-AI Filing Summary
Eric Gorli, President, US Refreshment Bev. at Keurig Dr Pepper (KDP), reported stock changes on 09/15/2025. Restricted stock units (RSUs) and matching RSUs vested and converted one-for-one into common stock. Following the transactions, Mr. Gorli beneficially owned 89,387 shares at one point and 86,654 shares after shares were withheld for taxes. Share withholding for tax payment occurred at an effective price of $26.75 per share. Transactions were reported on Form 4 and signed by an attorney-in-fact on 09/17/2025.
Positive
- RSUs vested and converted into common stock, increasing reported beneficial ownership (gross additions of 10,261 shares).
- Matching RSUs vested in full, reflecting completion of a multi-year compensation schedule.
Negative
- 4,039 shares withheld to satisfy taxes, reducing the net increase in beneficial ownership.
- Withholding price disclosed at $26.75, indicating tax settlement rather than market sale proceeds.
Insights
TL;DR: Insider received vested RSUs increasing his holdings; net increase reduced by share withholding for taxes.
The Form 4 documents standard executive compensation vesting rather than open-market trading. Three tranches converted: RSUs granted in 2022 (one-third vested) and Matching RSUs from 2020 vested in full. Gross issuance added 10,261 shares to the reporting position via vesting, while 4,039 shares were withheld to satisfy tax obligations at an indicated price of $26.75, producing a net beneficial ownership change consistent with compensation mechanics rather than active buying or selling.
TL;DR: Vesting and tax-withholding of equity compensation were disclosed promptly and in required format.
The filing shows routine equity compensation administration: RSU vesting schedules converted to common stock under the issuer's omnibus plan and tax withholding executed pursuant to Rule 16b-3. The report appears complete with transaction codes, amounts, and explanatory notes, and was executed via attorney-in-fact, meeting procedural disclosure expectations for insider transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,317 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 6,944 | $0.00 | -- |
| Exercise | Common Stock | 3,317 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,306 | $26.75 | $35K |
| Exercise | Common Stock | 6,944 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,733 | $26.75 | $73K |
Footnotes (1)
- Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Shares of common stock withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. RSUs were granted on September 13, 2022 and vest in three installments as follows; one third on September 13, 2025; one third on September 13, 2026, and one third on September 13, 2027. One third of the RSUs vested on September 15, 2025, the first trading day following September 13, 2025. The RSUs converted into common stock on a one-for one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019. 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 15, 2020 and vested in full on September 15, 2025. The Matching RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
