Keurig Dr Pepper (KDP) director gets new RSUs and converts 5,226 shares

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. director Pamela H. Patsley reported equity compensation activity involving restricted stock units and common shares. On March 4, 2026, she received a grant of 10,392 restricted stock units, each representing a contingent right to one share of common stock, which are scheduled to vest on March 4, 2031 subject to vesting conditions.

On March 3, 2026, 5,226 restricted stock units granted on March 3, 2021 fully vested and were converted into 5,226 shares of common stock on a one-for-one basis under the Omnibus Stock Incentive Plan of 2019. After these transactions, she directly owned 44,992 shares of common stock and 10,392 restricted stock units.

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^*

PATSLEY PAMELA H

(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
	Officer (give title below)		Other (specify below)

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

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	03/03/2026		M		5,226	A	$0(1)	44,992	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	(2)	03/03/2026		M			5,226	(2)	(2)	Common Stock	5,226	$0	0	D
Restricted Stock Unit	(3)	03/04/2026		A		10,392		(3)	(3)	Common Stock	10,392	$0	10,392	D

Explanation of Responses:

1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

2. As previously disclosed, these RSUs were granted on March 3, 2021 and vested in full 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.

3. Subject to certain vesting conditions and exceptions, these restricted stock units vest on March 4, 2031. 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	03/05/2026
	** 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) director Pamela H. Patsley report?

Pamela H. Patsley reported equity awards and conversions. She received 10,392 new restricted stock units and saw 5,226 previously granted units vest and convert into 5,226 common shares, all as part of Keurig Dr Pepper’s stock incentive arrangements.

How many restricted stock units did Pamela H. Patsley receive from Keurig Dr Pepper (KDP)?

She received a grant of 10,392 restricted stock units. Each unit represents a contingent right to receive one share of Keurig Dr Pepper common stock upon vesting, giving her future potential ownership if all vesting conditions are satisfied.

When do Pamela H. Patsley’s new Keurig Dr Pepper (KDP) restricted stock units vest?

The 10,392 restricted stock units are scheduled to vest on March 4, 2031. Vesting remains subject to certain conditions and exceptions, after which each vested unit entitles her to one share of Keurig Dr Pepper common stock.

What happened to the Keurig Dr Pepper (KDP) restricted stock units granted to Pamela H. Patsley in 2021?

Restricted stock units granted on March 3, 2021 fully vested on March 3, 2026. A total of 5,226 vested units converted into 5,226 shares of Keurig Dr Pepper common stock on a one-for-one basis under the company’s 2019 Omnibus Stock Incentive Plan.

How many Keurig Dr Pepper (KDP) common shares does Pamela H. Patsley own after these transactions?

After the reported transactions, she directly owned 44,992 shares of Keurig Dr Pepper common stock. In addition, she held 10,392 restricted stock units that may convert into common shares if the stated vesting conditions are met in the future.

Are Pamela H. Patsley’s Keurig Dr Pepper (KDP) restricted stock units and shares on a one-for-one basis?

Yes. The filing states that restricted stock units convert into common stock on a one-for-one basis. Each vested unit delivers one share of Keurig Dr Pepper common stock when converted, as shown by 5,226 units becoming 5,226 common shares.