Coca-Cola (KO) EVP Arroyo has 33,200 shares withheld for taxes

Rhea-AI Filing Summary

COCA COLA CO Executive Vice President Manuel Arroyo reported a tax-related share disposition. On February 27, 2026, 33,200 shares of common stock at a reference price of $80.50 per share were withheld to cover tax liabilities tied to vesting performance share units.

This was coded as a tax-withholding disposition rather than an open-market sale. After this transaction, Arroyo directly owned 99,514 shares of Coca-Cola common stock.

Insider Trade Summary

Net Seller: 33,200 shares

Net Sell 1 txn

Insider ARROYO MANUEL

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, $.25 Par Value	33,200	$80.50	$2.67M

Holdings After Transaction: Common Stock, $.25 Par Value — 99,514 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld to satisfy tax liabilities upon the vesting of performance share units issued on February 19, 2026 under the 2023-2025 performance share unit program.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 12:15 PM Learn about SEC filing dates

FAQ

What insider transaction did Coca-Cola (KO) Executive Vice President Manuel Arroyo report?

Manuel Arroyo reported a tax-withholding share disposition related to vesting performance share units. On February 27, 2026, 33,200 shares of Coca-Cola common stock were withheld to satisfy tax liabilities under the 2023-2025 performance share unit program.

How many Coca-Cola (KO) shares were involved in Manuel Arroyo’s Form 4 filing?

The Form 4 shows 33,200 shares of Coca-Cola common stock involved in the transaction. These shares were withheld to cover tax liabilities upon vesting of performance share units issued on February 19, 2026, under the 2023-2025 performance share unit program.

Was Manuel Arroyo’s Coca-Cola (KO) transaction an open-market sale?

No, the transaction was not an open-market sale. It is coded as a tax-withholding disposition, meaning 33,200 shares were withheld by the company to satisfy tax liabilities when performance share units vested, rather than being sold on the open market.

How many Coca-Cola (KO) shares does Manuel Arroyo hold after this transaction?

After the reported transaction, Manuel Arroyo directly holds 99,514 shares of Coca-Cola common stock. This post-transaction balance reflects the 33,200 shares withheld to cover tax obligations upon vesting of his performance share units in February 2026.

What does transaction code F mean in Manuel Arroyo’s Coca-Cola (KO) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 33,200 Coca-Cola shares were withheld to satisfy tax liabilities arising from vesting performance share units under the 2023-2025 performance share unit program.

What was the reference price per share in Manuel Arroyo’s Coca-Cola (KO) tax-withholding transaction?

The Form 4 lists a transaction price of $80.50 per share for the 33,200 shares withheld. This price is used as the reference value for calculating the tax-withholding disposition related to the vesting performance share units on February 27, 2026.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

ARROYO MANUEL

(Last) (First) (Middle)

THE COCA-COLA COMPANY

ONE COCA-COLA PLAZA

(Street)

ATLANTA GA 30313

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COCA COLA CO [ KO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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, $.25 Par Value	02/27/2026		F		33,200(1)	D	$80.5	99,514	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

Explanation of Responses:

1. Represents shares withheld to satisfy tax liabilities upon the vesting of performance share units issued on February 19, 2026 under the 2023-2025 performance share unit program.

	/s/ Manuel Arroyo	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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