Coca-Cola director granted 4,173 phantom share units

Millhiser Amity reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/03/2026 - 03:43 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Millhiser Amity reported acquisition or exercise transactions in this Form 4 filing.

COCA COLA CO director Amity Millhiser received a grant of phantom share units as part of 2026 board compensation. On April 1, 2026, she was awarded 4,173.5918 phantom share units, each economically equivalent to one share of common stock, at a reference price of $75.81 per unit.

After this grant and credited phantom dividends, her total phantom share units under the Directors' Plan were 16,188.4456, which will be settled in cash after she leaves the Board under the plan’s timing rules. Separately, an indirect holding entry shows 400 common shares held by a living trust.

Insider Trade Summary

Grant/Award: 4,173.5918 shares

Grant/Award 1 txn

Insider Millhiser Amity

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Share Units	4,173.5918	$75.81	$316K
Holding	Common Stock, $.25 Par Value	--	--	--

Holdings After Transaction: Phantom Share Units — 16,188.4456 contracts (Direct); Common Stock, $.25 Par Value — 400 shares (Indirect, By Living Trust)

Footnotes (5)

1. F1. Exhibit Index - Exhibit No. 24 - Power of Attorney
2. F2. Each phantom share unit is economically equivalent to one share of Common Stock.
3. F3. Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025 (the "Directors' Plan") for 2026 compensation, which may include voluntary deferred compensation.
4. F4. The phantom share units credited under the Directors' Plan are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.
5. F5. This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.

Key Figures

Phantom share units granted: 4,173.5918 units Reference price per unit: $75.81 Total phantom units after grant: 16,188.4456 units +2 more

5 metrics

Phantom share units granted 4,173.5918 units Grant on April 1, 2026 under Directors' Plan

Reference price per unit $75.81 Economic equivalence per phantom share unit

Total phantom units after grant 16,188.4456 units Balance under Directors' Plan after April 1, 2026

Indirect common shares 400 shares Common stock held by living trust

Conversion price of phantom units $0.00 Phantom share units are cash-settled, not options

Key Terms

Phantom share units, Directors' Plan, phantom dividends, Living Trust, +1 more

5 terms

Phantom share units financial

"Each phantom share unit is economically equivalent to one share of Common Stock."

Directors' Plan financial

"Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025"

phantom dividends financial

"This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends."

Living Trust financial

"Common Stock, $.25 Par Value ... nature_of_ownership: By Living Trust"

Power of Attorney regulatory

"Exhibit Index - Exhibit No. 24 - Power of Attorney"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did KO director Amity Millhiser report on this Form 4?

Amity Millhiser reported receiving 4,173.5918 phantom share units tied to Coca-Cola common stock. These units were credited under the company’s Directors' Plan as part of 2026 compensation, rather than being an open-market stock purchase or sale.

What are the phantom share units reported for KO on April 1, 2026?

The filing shows 4,173.5918 phantom share units granted at a reference price of $75.81 per unit. Each phantom share unit is economically equivalent to one Coca-Cola common share but will ultimately be settled in cash, not stock, under the Directors' Plan.

How many phantom share units does Amity Millhiser hold after this KO Form 4 transaction?

After the April 1, 2026 grant and credited phantom dividends, Amity Millhiser holds a total of 16,188.4456 phantom share units. These units accumulate over time under the Directors' Plan and reflect both compensation awards and credited phantom dividends.

When will the Coca-Cola phantom share units reported by Amity Millhiser be settled?

The phantom share units are settled in cash after Millhiser leaves the Board. Settlement occurs on the later of January 15 of the year after departure or six months after the departure date, following the Directors' Plan’s specified payout timing.

Does this KO Form 4 show any open-market buying or selling of Coca-Cola stock?

The Form 4 does not show open-market buys or sells. It records a compensation-related grant of phantom share units and a holding entry for 400 common shares held indirectly in a living trust, rather than discretionary market transactions.

What indirect Coca-Cola stock holdings are disclosed for Amity Millhiser in this Form 4?

The filing discloses an indirect holding of 400 shares of Coca-Cola common stock. These shares are held by a living trust, indicating indirect ownership separate from the cash-settled phantom share units granted under the Directors' Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Millhiser Amity

(Last) (First) (Middle)

C/O THE COCA-COLA COMPANY

ONE COCA-COLA PLAZA

(Street)

ATLANTA GEORGIA 30313

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								400	I(1)	By Living Trust

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
Phantom Share Units	$0(2)	04/01/2026		A		4,173.5918(3)		(4)	(4)	Common Stock, $.25 Par Value	4,173.5918	$75.81	16,188.4456(5)	D

Explanation of Responses:

1. Exhibit Index - Exhibit No. 24 - Power of Attorney

2. Each phantom share unit is economically equivalent to one share of Common Stock.

3. Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025 (the "Directors' Plan") for 2026 compensation, which may include voluntary deferred compensation.

4. The phantom share units credited under the Directors' Plan are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.

5. This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.

	/s/ April Edwards, attorney-in-fact for Amity Millhiser	04/03/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)