Keurig Dr Pepper (KDP) coffee president awarded RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. reported equity compensation activity for President, U.S. Coffee, Olivier Lemire. On March 4, 2026, he was granted 18,185 restricted stock units (RSUs) and 48,494 RSUs, each representing a right to receive one share of common stock.

According to the footnotes, one RSU grant vests in four equal installments of 25% each year from March 4, 2027 through March 4, 2030, and the other vests in three equal annual installments on March 4 of 2027, 2028 and 2029. RSUs convert into common stock on a one-for-one basis upon vesting.

On March 5, 2026, 2,394 previously granted RSUs (from a March 5, 2025 award) converted into 2,394 shares of common stock. In connection with this vesting, 1,239 common shares at $28.05 per share were withheld to satisfy tax obligations, a tax-withholding disposition rather than an open-market sale.

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^*

Lemire Olivier

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, U.S. Coffee

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		2,394	A	$0(1)	43,865	D
Common Stock	03/05/2026		F		1,239(2)	D	$28.05	42,626	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	(3)	03/04/2026		A		18,185		(3)	(3)	Common Stock	18,185	$0	18,185	D
Restricted Stock Unit	(4)	03/04/2026		A		48,494		(4)	(4)	Common Stock	48,494	$0	48,494	D
Restricted Stock Unit	(5)	03/05/2026		M			2,394	(5)	(5)	Common Stock	2,394	$0	7,179	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 one third on each anniversary date as follows: one third on March 4, 2027; one third on March 4, 2028; and one third on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

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
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FAQ

What equity awards did Keurig Dr Pepper (KDP) grant to Olivier Lemire?

Olivier Lemire received two new restricted stock unit grants of 18,185 and 48,494 RSUs. Each RSU represents a contingent right to receive one share of Keurig Dr Pepper common stock if the specified vesting conditions are satisfied over future years.

How do Olivier Lemire’s new Keurig Dr Pepper RSUs vest over time?

One RSU grant vests 25% each year on March 4, 2027, 2028, 2029 and 2030. The other vests one third on March 4, 2027, one third on March 4, 2028 and the final third on March 4, 2029, subject to vesting conditions.

What happened when Olivier Lemire’s earlier Keurig Dr Pepper RSUs vested?

An earlier RSU award granted March 5, 2025 partially vested on March 5, 2026, converting 2,394 RSUs into 2,394 common shares. This conversion occurred on a one-for-one basis under Keurig Dr Pepper’s Omnibus Stock Incentive Plan of 2019, as described in the footnotes.

Were any Keurig Dr Pepper shares sold by Olivier Lemire in this Form 4?

The filing shows 1,239 common shares were disposed of at $28.05 per share to cover taxes at vesting. This transaction is described as shares withheld for payment of applicable taxes, a tax-withholding disposition rather than an open-market sale into the market.

What is the conversion ratio for Keurig Dr Pepper RSUs reported for Olivier Lemire?

The Form 4 states that restricted stock units convert into common stock on a one-for-one basis. This means each vested RSU delivers one share of Keurig Dr Pepper common stock, assuming the vesting and other conditions described in the company’s plan are satisfied.

Which executive at Keurig Dr Pepper is involved in this Form 4 filing?

The transactions involve Olivier Lemire, who is identified as President, U.S. Coffee at Keurig Dr Pepper Inc. The Form 4 details his RSU grants, RSU-to-share conversion and tax-withholding share disposition, all reported as directly owned positions in the company’s equity.