[Form 4] Keurig Dr Pepper Inc. Insider Trading Activity

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. (KDP) director Whiting Lawson E reported receipt of 3,210 restricted stock units (RSUs) on 09/17/2025. Each RSU represents a contingent right to one share of the issuer's common stock upon vesting. The RSUs were granted at a $0 price and, following the transaction, the reporting person beneficially owns 3,210 shares/units directly. These RSUs are subject to vesting conditions and, subject to certain exceptions, vest on September 17, 2030.

Positive

• 3,210 RSUs disclosed, indicating clear change in beneficial ownership
• Vesting schedule specified (vests on September 17, 2030), providing transparency on timing

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine equity compensation grant to a director; limited immediate market impact.

The Form 4 discloses a standard restricted stock unit grant of 3,210 RSUs to a company director, granted with a $0 price and converting one-for-one into common shares upon vesting. This is a non‑cash equity award that aligns the director with long‑term shareholder value through a five‑year vesting schedule. The disclosure is a routine insider filing reflecting compensation-related ownership rather than an open‑market buy or sale.

Corporate Governance Expert

TL;DR: Governance-level equity award consistent with director compensation practices; transparency maintained.

The filing identifies the reporting person as a director and documents the grant mechanics: 3,210 RSUs, one share per unit, vesting on a specified future date. The Form 4 provides the required disclosure of beneficial ownership following the grant. No material corporate actions, transfers, or derivative exercises are reported that would raise governance concerns in this filing alone.

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
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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^*

Whiting Lawson E

(Last) (First) (Middle)

53 SOUTH AVENUE

(Street)

BURLINGTON MA 01803

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

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

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)	09/17/2025		A		3,210		(1)	(1)	Common Stock	3,210	$0	3,210	D

Explanation of Responses:

1. Subject to certain vesting conditions and exceptions, these restricted stock units vest on September 17, 2030. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

Remarks:

	/s/ Mark Jackson, attorney in fact	09/19/2025
	** 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 did Whiting Lawson E report on the KDP Form 4?

The report shows acquisition of 3,210 restricted stock units (RSUs) representing a contingent right to one share each.

When was the transaction reported on the Form 4 for KDP?

The transaction date reported is 09/17/2025.

What is the vesting date for the RSUs reported by the KDP director?

The RSUs are stated to vest on September 17, 2030, subject to certain conditions and exceptions.

How many shares does the reporting person beneficially own after the transaction?

The filing reports 3,210 shares/units beneficially owned following the reported transaction.

Was there a purchase price for the RSUs in this Form 4 filing?

The RSUs were reported with a price of $0, indicating a grant rather than a market purchase.