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Coca-Cola (NYSE: KO) SVP logs tax-withholding share disposition on Form 4

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Coca-Cola Company executive Erin L. May reported a tax-related share disposition. On February 27, 2026, 5,267 shares of Coca-Cola common stock at a reference price of $80.50 per share were withheld to satisfy tax liabilities upon the vesting of performance share units.

After this tax withholding, May directly owned 38,561 shares of common stock. In addition, 586 shares were credited to her account in The Coca-Cola Company 401(k) Plan as of February 26, 2026, and 738 hypothetical shares, each equal to one share of common stock, were held in a supplemental 401(k) plan.

Positive

  • None.

Negative

  • None.
Insider May Erin L
Role SVP, Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock, $.25 Par Value 5,267 $80.50 $424K
holding Hypothetical Shares -- -- --
holding Common Stock, $.25 Par Value -- -- --
Holdings After Transaction: Common Stock, $.25 Par Value — 38,561 shares (Direct); Hypothetical Shares — 738 shares (Indirect, By Supplemental 401(k) Plan); Common Stock, $.25 Par Value — 586 shares (Indirect, By 401(k) Plan)
Footnotes (1)
  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. Shares credited to the reporting person's account under The Coca-Cola Company 401(k) Plan, as of February 26, 2026. Each hypothetical share is equal to one share of common stock of The Coca-Cola Company. There is no data applicable with respect to the hypothetical shares. As of February 26, 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*
May Erin L

(Last) (First) (Middle)
THE COCA-COLA COMPNAY
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)
SVP, Chief Accounting Officer
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 5,267(1) D $80.5 38,561 D
Common Stock, $.25 Par Value 586(2) I By 401(k) Plan
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
Hypothetical Shares (3) (4) (4) Common Stock, $.25 Par Value 738 738(5) I By Supplemental 401(k) Plan
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.
2. Shares credited to the reporting person's account under The Coca-Cola Company 401(k) Plan, as of February 26, 2026.
3. Each hypothetical share is equal to one share of common stock of The Coca-Cola Company.
4. There is no data applicable with respect to the hypothetical shares.
5. As of February 26, 2026.
/s/ Erin L. May 03/02/2026
** 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.

FAQ

What transaction did Coca-Cola (KO) SVP Erin L. May report on this Form 4?

Erin L. May reported a tax-withholding disposition of 5,267 Coca-Cola common shares. The shares were withheld to cover tax liabilities triggered by the vesting of performance share units under the 2023–2025 program.

Was the Coca-Cola (KO) Form 4 transaction an open-market sale of shares?

No, the reported transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations arising from the vesting of performance share units.

How many Coca-Cola (KO) shares does Erin L. May own directly after the transaction?

Following the tax-withholding transaction, Erin L. May directly owned 38,561 shares of Coca-Cola common stock. This figure reflects her direct holdings after 5,267 shares were withheld to cover associated tax liabilities.

What indirect Coca-Cola (KO) holdings does Erin L. May report in retirement plans?

Erin L. May reports 586 shares in The Coca-Cola Company 401(k) Plan and 738 hypothetical shares in a supplemental 401(k) plan. Each hypothetical share represents one share of Coca-Cola common stock, based on plan accounting as of February 26, 2026.

What does the hypothetical share disclosure mean for Coca-Cola (KO) investors?

The hypothetical shares represent plan bookkeeping units equal to Coca-Cola common shares. The filing notes no transaction data is applicable for these hypothetical shares, indicating they are simply reported holdings within a supplemental 401(k) plan.