Keurig Dr Pepper (KDP) CEO awarded large RSU grants and tax withholdings

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. CEO and President Timothy P. Cofer reported multiple equity award movements involving restricted stock units (RSUs) and common stock. On March 5, 30,969 RSUs converted into 30,969 shares of common stock at $0.00 per share, and 12,187 shares of common stock at $28.05 per share were withheld to cover taxes upon RSU vesting. Following these transactions, he directly held 458,852 shares of common stock and 92,905 RSUs. On March 4, he received new grants of 168,861 and 225,148 RSUs, which vest in specified installments between March 4, 2027 and March 2, 2031. An additional 400 common shares are reported as held indirectly by his children.

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

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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^*

Cofer Timothy P.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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	03/05/2026		M		30,969	A	$0(1)	471,039	D
Common Stock	03/05/2026		F		12,187(2)	D	$28.05	458,852	D
Common Stock								400	I	By children

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)	03/04/2026		A		168,861		(3)	(3)	Common Stock	168,861	$0	168,861	D
Restricted Stock Unit	(4)	03/04/2026		A		225,148		(4)	(4)	Common Stock	225,148	$0	225,148	D
Restricted Stock Unit	(5)	03/05/2026		M			30,969	(5)	(5)	Common Stock	30,969	$0	92,905	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. Subject to certain vesting conditions and exceptions, these RSUs vest in four installments as follows: 25% on March 4, 2027; 25% on March 4, 2028; 25% on March 4, 2029; and 25% on March 4, 2030. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

4. Subject to certain vesting conditions and exceptions, these RSUs vest in three installments as follows: 60% on March 4, 2029; 20% on March 4, 2030; and 20% on March 2, 2031. 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 5, 2025, and vest in four installments as follows: 25% on March 5, 2026; 25% on March 5, 2027; 25% on March 5, 2028; and 25% on March 5, 2029. 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	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Keurig Dr Pepper (KDP) CEO Timothy Cofer report?

Timothy Cofer reported RSU grants, RSU conversions into common stock, and shares withheld for taxes. On March 4–5, 2026, he received large RSU awards, had 30,969 RSUs convert into shares, and 12,187 shares withheld to satisfy tax obligations on vesting.

How many restricted stock units did the KDP CEO receive in the latest Form 4?

Timothy Cofer received two new RSU awards: 168,861 units and 225,148 units. These RSUs vest over several years between March 4, 2027 and March 2, 2031, giving him a contingent right to receive one share of Keurig Dr Pepper common stock for each vested unit.

What were the tax withholding share transactions disclosed for KDP’s CEO?

The Form 4 shows 12,187 shares of Keurig Dr Pepper common stock withheld at $28.05 per share. These shares were used to pay applicable taxes upon RSU vesting under Rule 16b-3, meaning they were not an open-market sale but a tax-withholding disposition.

When do Timothy Cofer’s new Keurig Dr Pepper RSU grants vest?

One RSU grant vests 25% annually on March 4, 2027, 2028, 2029, and 2030. The other vests 60% on March 4, 2029, 20% on March 4, 2030, and 20% on March 2, 2031, subject to vesting conditions and exceptions.

How many Keurig Dr Pepper shares does the CEO hold after these transactions?

After the reported transactions, Timothy Cofer directly held 458,852 shares of Keurig Dr Pepper common stock and 92,905 RSUs. The filing also reports 400 additional common shares held indirectly, attributed to his children, reflecting a separate indirect ownership category.

How do the RSUs reported in KDP’s Form 4 convert into common stock?

The footnotes state each restricted stock unit converts into one share of Keurig Dr Pepper common stock on a one-for-one basis. Conversion generally occurs upon vesting, consistent with the company’s Omnibus Stock Incentive Plan of 2019 and the specified vesting schedules.