Welcome to our dedicated page for Keurig Dr Pepper SEC filings (Ticker: KDP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Keurig Dr Pepper Inc.'s SEC filings document operating results, governance, material events, and capital-structure matters for its beverage and coffee businesses. Form 8-K reports include quarterly and full-year financial results, outlook updates, material agreements, completed acquisition-related events, and other current-report disclosures tied to the company's refreshment beverage portfolio and Keurig coffee platform.
Proxy filings describe shareholder voting matters, board governance, executive compensation, and annual meeting proposals. The filing record also covers security-structure and capital disclosures, risk and financial reporting topics, and governance changes relevant to a public operating company with owned, licensed, and partner beverage and coffee brands.
Keurig Dr Pepper Inc. President, U.S. Coffee, Olivier Lemire reported several stock-based compensation transactions. On March 2 and 3, 2026, restricted stock units converted into common stock on a one-for-one basis, adding blocks of 7,459, 2,202, and 1,291 shares to his direct holdings. In connection with these vestings, the company withheld 5,080 and 653 common shares at prices of $29.97 and $29.57 to cover tax obligations, rather than representing open-market sales. After these transactions, Lemire directly owned 41,471 shares of Keurig Dr Pepper common stock.
Keurig Dr Pepper Inc. Chief Supply Chain Officer Roger Frederick Johnson reported multiple equity award transactions. On March 2–3, 2026, he exercised RSUs that converted into a total of 26,037 common shares at no cost. To cover taxes on the vesting, he disposed of 10,707 common shares at prices around $29.57–$29.97 per share through share withholding, not open-market sales. After these transactions, he directly owned 131,283 common shares.
Keurig Dr Pepper Inc. President, US Refreshment Beverages Eric Gorli reported several equity award transactions. On March 2 and 3, 2026, restricted stock units (RSUs) granted in prior years converted into common stock on a one-for-one basis under the company’s 2019 Omnibus Stock Incentive Plan.
Through these conversions, Gorli acquired multiple blocks of common stock, including 7,459, 2,202, and 2,776 shares at no cash exercise price. Following these transactions and related withholdings, he directly held 94,195 common shares.
To cover tax obligations upon RSU vesting in accordance with Rule 16b-3, the company withheld 3,803 shares at $29.97 per share and 1,093 shares at $29.57 per share, which are reported as dispositions but do not reflect open-market sales.
Keurig Dr Pepper Inc. Chief Human Resources Officer Mary Beth DeNooyer reported multiple transactions involving restricted stock units (RSUs) converting into common stock on March 2 and 3. The filing shows corresponding tax-withholding dispositions of 7,837 and 2,339 common shares at prices of $29.97 and $29.57, leaving her with 92,818 directly held common shares.
Keurig Dr Pepper Inc. outlines its 2025 performance drivers, strategic plans, and key risks in its annual report. The company operates three segments—U.S. Refreshment Beverages, U.S. Coffee, and International—with a broad portfolio of hot and cold beverage brands plus the Keurig brewing system.
KDP plans a major strategic shift through the proposed acquisition of JDE Peet’s, a global coffee company, expected in early 2026 subject to closing conditions, followed by a planned separation of its beverage and coffee portfolios into two independent public companies. These moves will be funded through new debt, a preferred equity investment, and a joint venture structure, adding both growth potential and capital-structure complexity.
The filing details competitive, supply-chain, regulatory, cybersecurity, and ESG-related risks, including reliance on key partners, commodities volatility, concentration of sales with large retailers such as Walmart at approximately 16% of 2025 net sales, and impairment risk on significant goodwill and intangible assets. KDP employs about 30,600 people, many under collective bargaining agreements, and emphasizes productivity initiatives, innovation in brewers and pods, and a multi-year ESG agenda under its KDP Impact framework.
Keurig Dr Pepper reported strong fourth quarter and full-year 2025 results and issued a 2026 outlook. Full-year net sales reached $16.6 billion, up 8.2%, with GAAP net income of $2.1 billion (diluted EPS $1.53) and Adjusted diluted EPS of $2.05, up 7.3%. Q4 net sales were $4.5 billion, up 10.5%, with Adjusted diluted EPS of $0.60, up 1.7%. Growth was led by U.S. Refreshment Beverages, while U.S. Coffee saw modest sales growth but lower operating income. The company generated operating cash flow of $1.99 billion and free cash flow of $1.52 billion, ending 2025 with a management leverage ratio of 3.1x. For 2026, KDP guides to net sales of $25.9–$26.4 billion and low-double-digit constant currency Adjusted EPS growth, assuming 4–6% organic growth plus incremental contribution from the planned JDE Peet’s acquisition. The Board Chair role will transition from Bob Gamgort to Pamela Patsley at the end of Q1 2026.
Keurig Dr Pepper Inc. outlined an updated financing plan for its acquisition of JDE Peet’s and related structural moves. The company agreed to a $4.0 billion pod manufacturing joint venture, selling a 49% interest to an investor group while retaining 51% and long-term operational control.
Keurig Dr Pepper also upsized its Series A Convertible Perpetual Preferred Stock investment to $4.5 billion, adding $1.5 billion of equity capital via 4,500,000 preferred shares at $1,000 each. Overall, the acquisition is now planned to be funded with approximately $9 billion of long-term debt, $8.5 billion of equity capital and the assumption of about $5 billion of existing JDE Peet’s bonds.
The transaction is expected to close in early April 2026 and to be roughly 10% EPS accretive in its first full year. Management targets a projected combined net leverage of 4.5x and continues to evaluate non-core asset sales, while preparing to separate into Beverage Co. and Global Coffee Co., aiming for operational readiness to spin Global Coffee Co. by year-end 2026.
Harris Associates L.P. and its general partner, Harris Associates, Inc., filed a Schedule 13G reporting beneficial ownership of 86,269,175 shares of Keurig Dr Pepper Inc. common stock, representing 6.3% of the outstanding shares as of the event date 12/31/2025.
They report sole voting power over 80,783,128 shares and sole dispositive power over the full 86,269,175 shares, with no shared voting or dispositive power. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Keurig Dr Pepper.
Capital World Investors, a division of Capital Research and Management Company and its investment management affiliates, reports beneficial ownership of 99,479,243 shares of Keurig Dr Pepper Inc. common stock. This represents 7.3% of the 1,358,583,125 shares believed outstanding as of the reporting date.
The firm has sole voting power over 97,621,476 shares and sole dispositive power over 99,479,243 shares, with no shared voting or dispositive power. The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Keurig Dr Pepper.
Keurig Dr Pepper Inc. reported governance updates. On February 12, 2026, its Board of Directors increased the Board size to eleven members and appointed William Newlands and Amie Thuener as independent directors, effective March 2, 2026.
Newlands will join the Nominating and Governance Committee, while Thuener will serve on the Audit and Finance Committee, also effective March 2, 2026. Both will receive the standard non-employee director compensation outlined in the company’s 2025 proxy statement filed April 25, 2025.
On the same date, the Board approved dissolving its Remuneration and Nominating Committee and creating separate Nominating and Governance and Compensation Committees, with these changes taking effect March 2, 2026.