Coca-Cola (NYSE: KO) details Braun and Quincey 2026 pay

Rhea-AI Filing Summary

The Coca-Cola Company is updating executive pay as Henrique Braun prepares to become Chief Executive Officer on March 31, 2026, with James Quincey continuing as Executive Chairman. Braun’s base salary will be $1,450,000, and Quincey’s will be $1,200,000, both effective March 31, 2026.

Each executive will participate in the company’s annual and long-term incentive plans, with a target annual incentive equal to 200% of base salary. Both remain subject to share ownership guidelines and will receive additional benefits detailed in their February 19, 2026 letters, which are filed as exhibits.

Insights

Corporate governance analyst

Coca-Cola formalizes CEO transition pay without major structural changes.

Coca-Cola has confirmed compensation terms tied to its previously announced CEO transition effective March 31, 2026. Henrique Braun will receive a base salary of $1,450,000, while Executive Chairman James Quincey will receive $1,200,000, aligning both roles with clear pay levels.

Both executives keep access to annual and long-term incentive programs, with target annual incentives at 200% of base salary. This maintains a performance-linked structure rather than altering incentives during the leadership change.

The filing indicates continuity in governance: share ownership guidelines remain in place, and key details are cross-referenced to the prior Compensation Discussion and Analysis. Subsequent proxy materials and future disclosures may give more context on how these incentives align with long-term shareholder outcomes.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

February 20, 2026 (February 19, 2026)

COCA COLA CO

(Exact name of Registrant as specified in its charter)

Delaware						001-02217			58-0628465
(State or other jurisdiction of incorporation)						(Commission File Number)			(I.R.S. Employer Identification No.)
One Coca-Cola Plaza
Atlanta,			Georgia						30313
(Address of principal executive offices)									(Zip Code)

Registrant’s telephone number, including area code: (404) 676-2121

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $0.25 Par Value			KO			New York Stock Exchange
1.875% Notes Due 2026			KO26			New York Stock Exchange
0.750% Notes Due 2026			KO26C			New York Stock Exchange
1.125% Notes Due 2027			KO27			New York Stock Exchange
0.125% Notes Due 2029			KO29A			New York Stock Exchange
0.125% Notes Due 2029			KO29B			New York Stock Exchange
0.400% Notes Due 2030			KO30B			New York Stock Exchange
1.250% Notes Due 2031			KO31			New York Stock Exchange
3.125% Notes Due 2032			KO32			New York Stock Exchange
0.375% Notes Due 2033			KO33			New York Stock Exchange
0.500% Notes Due 2033			KO33A			New York Stock Exchange
1.625% Notes Due 2035			KO35			New York Stock Exchange
1.100% Notes Due 2036			KO36			New York Stock Exchange
0.950% Notes Due 2036			KO36A			New York Stock Exchange
3.375% Notes Due 2037			KO37			New York Stock Exchange
0.800% Notes Due 2040			KO40B			New York Stock Exchange
1.000% Notes Due 2041			KO41			New York Stock Exchange
3.500% Notes Due 2044			KO44			New York Stock Exchange
3.750% Notes Due 2053			KO53			New York Stock Exchange

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange

Act. ☐

Item 5.02.     Departure of Directors or Certain Officers; Election of Directors; Appointment of     Certain Officers; Compensatory Arrangements of Certain Officers.

As previously announced on December 10, 2025, Henrique Braun, currently Executive Vice President and Chief Operating Officer of The Coca-Cola Company (the “Company”), will become Chief Executive Officer of the Company effective as of March 31, 2026. In addition, James Quincey, the Company’s current Chairman of the Board of Directors (the “Board”) and Chief Executive Officer, will continue as Executive Chairman of the Board following Mr. Braun’s appointment to the position of Chief Executive Officer. On February 19, 2026, the Company provided Messrs. Braun and Quincey with letters to confirm their new positions and set forth the primary compensation elements that will be effective commencing March 31, 2026.

Pursuant to Mr. Braun’s letter, his base salary will be $1,450,000 effective as of March 31, 2026. Mr. Braun will continue to be eligible to participate in the Company’s annual and long-term incentive programs, and his target annual incentive will be 200% of his annual base salary. Mr. Braun will continue to be subject to the Company’s share ownership guidelines, and he will receive certain additional benefits described in his letter.

Pursuant to Mr. Quincey’s letter, his base salary will be $1,200,000 effective as of March 31, 2026. Mr. Quincey will continue to be eligible to participate in the Company’s annual and long-term incentive programs, and his target annual incentive will remain 200% of his annual base salary. Mr. Quincey will continue to be subject to the Company’s share ownership guidelines, and he will receive certain additional benefits described in his letter.

The foregoing descriptions are qualified in their entirety by the letters for Messrs. Braun and Quincey, copies of which are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference. Details regarding the Company’s annual and long-term incentive programs are included in the Compensation Discussion and Analysis section of the Company’s definitive proxy statement for the 2025 Annual Meeting of Shareowners filed with the Securities and Exchange Commission on March 17, 2025.

Item 9.01(d).    Financial Statements and Exhibits.

EXHIBIT INDEX

Exhibit No.			Description
Exhibit 10.1			Letter, dated February 19, 2026, from the Company to Henrique Braun.
Exhibit 10.2			Letter, dated February 19, 2026, from the Company to James Quincey.
Exhibit 104			Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						THE COCA-COLA COMPANY (REGISTRANT)
Date: February 20, 2026			By:			/s/ Monica Howard Douglas
						Monica Howard Douglas Executive Vice President and Global General Counsel

FAQ

What leadership change does Coca-Cola (KO) describe in this 8-K?

Coca-Cola confirms that Henrique Braun will become Chief Executive Officer on March 31, 2026, while James Quincey will transition to Executive Chairman. The filing focuses on the compensation terms associated with these roles rather than changing the previously announced leadership timeline.

What is Henrique Braun’s new base salary at Coca-Cola (KO)?

Henrique Braun’s base salary will be $1,450,000 effective March 31, 2026, when he becomes Chief Executive Officer. He will also be eligible for annual and long-term incentive programs, with a target annual incentive equal to 200% of his base salary under company plans.

What is James Quincey’s compensation as Executive Chairman at Coca-Cola (KO)?

James Quincey’s base salary will be $1,200,000 effective March 31, 2026, when he continues as Executive Chairman. He remains eligible for Coca-Cola’s annual and long-term incentive programs, with his target annual incentive set at 200% of his base salary, unchanged from prior levels.

How are incentives structured for Coca-Cola (KO) executives Braun and Quincey?

Both Henrique Braun and James Quincey participate in Coca-Cola’s annual and long-term incentive programs, with target annual incentives equal to 200% of their base salaries. These performance-based awards supplement base pay and are governed by plans described in the company’s 2025 proxy statement.

Do Coca-Cola (KO) executives have share ownership guidelines?

Yes, the filing states that Henrique Braun and James Quincey will continue to be subject to Coca-Cola’s share ownership guidelines. These guidelines require senior leaders to hold meaningful equity positions, aligning their financial interests with those of long-term shareowners in the company.

What exhibits accompany Coca-Cola’s (KO) executive compensation update?

The 8-K includes Exhibit 10.1, a February 19, 2026 letter to Henrique Braun, and Exhibit 10.2, a similar letter to James Quincey. Exhibit 104 provides the cover page interactive data file with embedded iXBRL tags for the electronic reporting format requirements.

Filing Exhibits & Attachments

6 documents

Agreements & Contracts

• EX-10.1 EX-10.1 12.9 KB
• EX-10.2 EX-10.2 8.3 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 6.2 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 24.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 47.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 25.4 KB